Discharge of Agreement. 7.5.1 If the Developer fails to complete the development after seven years from the date of registration of this Agreement at the Registry of Deeds or Land Registration Office Council may review this Agreement, in whole or in part, and may:
(a) retain the Agreement in its present form;
(b) negotiate a new Agreement; or
(c) discharge this Agreement.
Discharge of Agreement. If the Developer fails to complete the development after five (5) years from the date of registration of this First Amending Agreement at the Registry of Deeds or Land Registration Office Council may review this Agreement, in whole or in part, and may:
(a) retain the Agreement in its present form;
(b) negotiate a new Agreement; or
(c) discharge this Agreement.
Discharge of Agreement. The Bonds may be paid by the District in any of the following ways, provided that the District also pays or causes to be paid any other sums payable hereunder by the District:
(i) by paying or causing to be paid the principal or redemption price of and interest on such Bonds, as and when the same become due and payable;
(ii) by irrevocably depositing, in trust, at or before maturity, money or securities in the necessary amount (as provided in Section 9.03(c) hereof) to pay or redeem such Bonds; or
(iii) by delivering such Bonds to the Paying Agent for cancellation by it. If the District shall pay all Outstanding Bonds and shall also pay or cause to be paid all other sums payable hereunder by the District, then and in that case, at the election of the District (evidenced by a certificate of a District Representative filed with the Paying Agent, signifying the intention of the District to discharge all such indebtedness and this Paying Agent Agreement), and notwithstanding that any Bonds shall not have been surrendered for payment, this Paying Agent Agreement and other assets made under this Paying Agent Agreement and all covenants, agreements and other obligations of the District under this Paying Agent Agreement shall cease, terminate, become void and be completely discharged and satisfied, except only as provided in Section 9.03(b). In such event, upon request of the District, the Paying Agent shall cause an accounting for such period or periods as may be requested by the District to be prepared and filed with the District and shall execute and deliver to the District all such instruments as may be necessary to evidence such discharge and satisfaction, and the Paying Agent shall pay over, transfer, assign or deliver to the District all moneys or securities or other property held by it pursuant to this Paying Agent Agreement which are not required for the payment or redemption of Bonds not theretofore surrendered for such payment or redemption.
Discharge of Agreement. If the Developer fails to complete the Development after three (3) years from the date of registration of this Agreement at the Registry of Deeds or Land Registration Office, Council may review this Agreement, in whole or in part, and may:
Discharge of Agreement. 6.5.1 If the Developer fails to complete the development, or phases of this development, after 2 years from the date of registration of this Agreement at the Land Registration Office Council may review this Agreement, in whole or in part, and may:
(a) retain the Agreement in its present form;
(b) negotiate a new Agreement;
(c) discharge this Agreement; or
(d) for those portions of the development which are completed, discharge this Agreement and apply appropriate zoning pursuant to the Halifax Municipal Planning Strategy and Land Use By-law for Halifax Mainland, as may be amended from time to time.
Discharge of Agreement. Upon the completion of the development, Council may review this Agreement, in whole or in part, and may:
(a) Retain the Agreement in its present form;
(b) Negotiate a new Agreement; or,
(c) Discharge this Agreement and apply appropriate zoning pursuant to the Municipal Planning Strategy and Land Use By-law for Peninsula Halifax.
Discharge of Agreement. Upon the completion of the whole development or complete phases of the development, Council may review this Agreement, in whole or in part, and may:
(a) Retain the Agreement in its present form;
(b) Negotiate a new Agreement;
(c) Discharge this Agreement; or
(d) For those portions of the development which are completed, discharge this Agreement and apply appropriate zoning pursuant to the Municipal Planning Strategy and Land Use By-law for Planning District 4, as may be amended from time to time.
Discharge of Agreement. If the Developer fails to complete the development after 6 five (5) years from the date of registration of this Second Amending Agreement at the Registry of Deeds or Land Registration Office in Halifax Council the Municipality may review this Agreement, in whole or in part, and may:
(a) retain the Agreement in its present form;
(b) negotiate a new agreement; or
(c) discharge this Agreement.
Discharge of Agreement. Section 1001
Discharge of Agreement. If the City shall pay and discharge the entire indebtedness on all Bonds Outstanding in any one or more of the following ways:
(A) by paying or causing to be paid the principal of, and interest and any premium on, all Bonds Outstanding, as and when the same become due and payable;
(B) by depositing with the Fiscal Agent, in trust, at or before maturity, money which, together with the amounts then on deposit in the funds and accounts provided for in the Bond Fund and the Reserve Fund hereof, is fully sufficient to pay all Bonds Outstanding, including all principal, interest and redemption premiums; or
(C) by irrevocably depositing with the Fiscal Agent, in trust, cash and/or Federal Securities in such amount as the City shall determine, as confirmed by an independent certified public accountant, will, together with the interest to accrue thereon and moneys then on deposit in the fund and accounts provided for in the Bond Fund and the Reserve Fund (to the extent invested in Federal Securities), be fully sufficient to pay and discharge the indebtedness on all Bonds (including all principal, interest and redemption premiums) at or before their respective maturity dates.
