Common use of Expiration of the Agreement Clause in Contracts

Expiration of the Agreement. Expiration of the Agreement Term pursuant to Section 6.1 shall not in any manner rescind, modify, or terminate any Entitlement in the Project and/or in favor of Master Developer, as determined under the Applicable Rules, existing or received as of the date of the expiration, and future development of any other portion of the Project not holding such Entitlements shall be subject to all applicable Codes in effect at the time of development. The Parties agree that, in the event of such expiration, the Master Developer shall consent to the City reverting the land use and/or zoning designations on any undeveloped portion of the Property back to the respective land use and/or zoning designations applicable to such undeveloped portion of the Property on the Effective Date of this Agreement.

Expiration of the Agreement. Expiration of the Agreement Term pursuant to Section 6.1 shall not in any manner rescind, modify, or terminate any Entitlement in the Project and/or in favor of Master Developer, as determined under the Applicable Rules, existing or received as of the date of the expiration, and future development of any other portion of the Project not holding such Entitlements shall be subject to all applicable Codes in effect at the time of development. The Parties agree that, in the event this Agreement expires prior to recordation of such expiration,any final map for the Project, the Master Developer and Owner shall consent to the City reverting the land use and/or zoning designations on any undeveloped portion of the Property back to the respective land use and/or zoning designations that were applicable to such undeveloped portion of the Property on the Effective Date of this AgreementAgreementJanuary 1, 2018.

Expiration of the Agreement. Expiration of the Agreement Term pursuant to Section 6.1 shall not in any manner rescind, modify, or terminate any Entitlement in the Project and/or in favor of Master Developer, as determined under the Applicable Rules, existing or received as of the date of the expiration, and future development of any other portion of the Project not holding such Entitlements shall be subject to all applicable Codes in effect at the time of development. The Parties agree that, in the event this Agreement expires prior to recordation of such expirationany final map for the Project, the Master Developer and Owner shall consent to the City reverting the land use and/or zoning designations on any undeveloped portion of the Property back to the respective land use and/or zoning designations that were applicable to such undeveloped portion of the Property on the Effective Date of this AgreementJanuary 1, 2018.