Development District and Development Corporation Documentation Sample Clauses

Development District and Development Corporation Documentation. Mission and Buyer acknowledge that Buyer has (i) initiated preparation of documentation associated with the formation of the Development District (the "District Documentation") and documentation related to the formation of the Development Corporation and the financing of the construction and maintenance of the Infrastructure Improvements (collectively, the "Corporation Documentation"); and (ii) submitted portions of the District Documentation and the Corporation Documentation to various governmental and quasi-governmental entities for review and comment. Notwithstanding the foregoing, Buyer acknowledges that Mission has not approved the form of any District Documentation or Corporation Documentation and Buyer agrees hereafter to submit to Mission for its review and acceptance: (i) all District Documentation and Corporation Documentation prior to the time that any such documentation is submitted to any governmental or quasi-governmental entity for review, comment or approval; (ii) such supplemental documentation as Mission may reasonably request which is related to the formation of the Development District and/or the Development Corporation in accordance with the provisions hereof. In accordance with the foregoing, Buyer may submit District Documentation and Corporation Documentation to Mission for its review at anytime and from time to time subject to the following: Mission shall give written notice to Buyer of its acceptance or rejection of any District Documentation or Corporation Documentation submitted to it on or before the date which is 10 business days following the date of Mission's receipt thereof. If Mission has not given notice of rejection or conditional acceptance of such documentation by the expiration of said 10 day period, Mission shall be deemed to have rejected such documentation as submitted by Buyer. Acceptance or rejection of any District Documentation or Corporation Documentation, including, but not limited to, the Service Plan, as hereinafter defined, and the Petition, as hereinafter defined, shall be in the reasonable discretion of Mission. If Mission rejects or conditionally accepts the District Documentation or the Corporation Documentation, Buyer may deliver to Mission revised documentation, from time to time, for Mission's review. Buyer agrees that it shall not modify any District Documentation or Corporation Documentation as submitted to and approved by Mission without the prior written consent of Mission as provided above. In ...
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Related to Development District and Development Corporation Documentation

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