Completion Deadline. Notwithstanding any other provision of this Agreement to the contrary, in the event any Escrowed Funds remain unexpended on the Completion Deadline, such remaining Escrowed Funds shall be immediately disbursed by the Escrow Agent to the FDC, and upon such final disbursement, the Escrow Agent is absolved of further responsibility. Developer shall have no claim or right to any remaining Escrowed Funds deposited by the FDC unless and only to the extent the Developer has actual damages from a breach by the RDC or the FDC.
Appears in 5 contracts
Samples: Economic Development Agreement, Economic Development Agreement, Economic Development Agreement
