Common use of Fault of City Clause in Contracts

Fault of City. Each of the following events, if uncured after expiration of the applicable cure period in constitutes a “City Event of Default”. The City, without good cause, fails to sell the Property to the Developer in the manner set forth in Article 3 and the Developer is otherwise entitled by this Agreement to such conveyance; or (a) The City breaches any other material provision of this Agreement which is materially adverse to Developer.

Appears in 2 contracts

Samples: Disposition, Development and Loan Agreement, Disposition, Development and Loan Agreement

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Fault of City. Each of the following events, if uncured after expiration of the applicable cure period in period, constitutes a "City Event of Default”. ", subject to notice and opportunity to cure under Section 8.5 and Force Majeure under Section 10.3: (a) The City, without good cause, fails to sell convey the Property to the Developer in the manner set forth in Article 3 and the Developer is otherwise entitled by this Agreement to such conveyance; or (ab) The City breaches any other material provision of this Agreement which is materially adverse to Developer.

Appears in 1 contract

Samples: Disposition and Development Agreement

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Fault of City. Each of the following events, if uncured after expiration of the applicable cure period in period, constitutes a "City Event of Default”. ": (a) The City, without good cause, fails to sell convey the Property to the Developer in the manner set forth in Article 3 and the Developer is otherwise entitled by this Agreement to such conveyance; or (ab) The City breaches any other material provision of this Agreement which is materially adverse to Developer.

Appears in 1 contract

Samples: Disposition, Development and Loan Agreement

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