Common use of Effect of Event of Termination Clause in Contracts

Effect of Event of Termination. Upon the termination of this Agreement as the result of the Default or breach by Developer (beyond any applicable cure period), Developer shall have no further rights to acquire the City Property nor any right to any City-provided development incentives pursuant to this Agreement accruing from and after the termination of this Agreement. No termination of this Agreement shall, in and of itself, result in the termination of any Government Property Lease to be executed by Developer and City with respect to improvements and land in the circumstance where a building has been constructed on the Property subject to such lease.

Effect of Event of Termination. Upon the termination of this Agreement as the result of the Default or breach by Developer (beyond any applicable cure period), Developer shall have no further rights to acquire the City Property nor any right to any City-provided development incentives pursuant to this Agreement accruing from and after the termination of this Agreement. No termination of this Agreement shall, in and of itself, result in the termination of any Government Property Lease to be executed by Developer and City with respect to improvements and land as referenced in Section 3.8 in the circumstance where a building has been constructed on the Property subject to such lease.

Effect of Event of Termination. Upon the termination of this Agreement as the result of the Default default or breach by Developer (beyond any applicable cure period)of the Developer, the Developer shall have no further rights to acquire the City Property nor any right to any City-provided development incentives benefits pursuant to this Agreement accruing from and after the termination of this Agreement. No Upon the termination of this Agreement shallas the result of the default or breach of the City, in the City shall have no further rights to the Public Amenities, on behalf of the City or the public, accruing from and of itself, result in after the termination of any Government Property Lease to be executed by Developer and City with respect to improvements and land in the circumstance where a building has been constructed on the Property subject to such leasethis Agreement.