Final Date. City and Developer acknowledge and agree that Phase 1 and Phase 2 of the Project shall be Substantially Completed by the Final Date. If Developer does not complete Phase 1 and Phase 2 of the Project by the Final Date, then the City, in its sole discretion, may, by written notice to developer, terminate (i) Developer’s right to receive additional Loan Proceeds; and (ii) the waiver of additional City Fees (whether concerning City Fees or Loan Proceeds individually or jointly, “Termination Notice”).
Appears in 7 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
