Common use of Effect of Change in Law Clause in Contracts

Effect of Change in Law. If state or federal laws are enacted after execution of this Agreement which are applicable to and preclude the party's compliance with the terms of this Agreement, this Agreement will be modified or revoked as is necessary to comply with the relevant state or federal laws and the intent of the parties hereto; provided, however, that the City will not modify this Agreement in any manner which would in any way be inconsistent with the intent of the parties to provide for development of the Property in accordance with the terms and conditions hereof.

Appears in 4 contracts

Samples: Pre Annexation and Economic, Annexation and Economic Development Agreement, Annexation and Economic Development Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.