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

Developer’s Right of Termination. At any time prior to the delivery of the Certificate of Substantial Completion, the Developer may, by giving written notice to the City, terminate this Agreement and the Developer’s obligations hereunder if the Developer determines, in its sole discretion, that the Redevelopment Project is no longer economically feasible.

Appears in 1 contract

Samples: Redevelopment Agreement

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Developer’s Right of Termination. At any time prior to the delivery of the Certificate Certificates of Substantial CompletionCompletion for any Phase, the Developer may, by giving written notice to the City, abandon the Work and terminate this Agreement and the Developer’s obligations hereunder (except as may expressly survive termination) if the Developer determines, in its sole discretion, that the Redevelopment Project such Phase is no longer economically feasible.

Appears in 1 contract

Samples: Redevelopment Agreement

Developer’s Right of Termination. At any time prior to the delivery of the Certificate of Substantial Completion, the Developer may, by giving written notice to the City, abandon the Work and terminate this Agreement and the Developer’s obligations hereunder if the Developer determines, in its sole discretion, that the Redevelopment Project is no longer economically feasibleAgreement.

Appears in 1 contract

Samples: Redevelopment Agreement

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Developer’s Right of Termination. At any time prior to the delivery of the Certificate of Substantial Completion, the The Developer may, by giving written notice to the City, abandon the Redevelopment Project for any reason and terminate this Agreement and the Developer’s obligations hereunder if the Developer determines, in its sole discretion, that the Redevelopment Project is no longer economically feasibleat any time.

Appears in 1 contract

Samples: Redevelopment Agreement

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