Common use of Developer’s Right of Termination Clause in Contracts

Developer’s Right of Termination. At any time, the Developer may terminate this Agreement by (1) giving written notice to the City and the District and (2) filing a petition with the City Clerk to terminate the District and the District Sales Tax in compliance with the requirements of the CID Act. Upon termination of this Agreement, the Parties shall have no further rights or obligations hereunder except as may expressly survive termination.

Appears in 3 contracts

Samples: District Project Agreement, District Project Agreement, District Project Agreement

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Developer’s Right of Termination. At any time, time the Developer may terminate this Agreement may, by (1) giving written notice to the City and the District and (2) filing a petition with the City Clerk to District, terminate the District and the District Sales Tax in compliance with the requirements of the CID Actthis Agreement. Upon termination of this Agreement, the Parties shall have no further rights or obligations hereunder except as may expressly survive termination.

Appears in 2 contracts

Samples: District Project Agreement, District Project Agreement

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Developer’s Right of Termination. At any time, time the Developer may terminate this Agreement may, by (1) giving written notice to the City City, the Corporation, and the District and (2) filing a petition with the City Clerk to CID, terminate the District and the District Sales Tax in compliance with the requirements of the CID Actthis Agreement. Upon termination of this Agreement, the Parties shall have no further rights or obligations hereunder except as may expressly survive termination.

Appears in 1 contract

Samples: Development Agreement

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