Future Application Sample Clauses
The "Future Application" clause defines how the terms of an agreement will apply to future situations, transactions, or developments that may arise after the contract is executed. Typically, this clause clarifies whether the rights, obligations, or procedures outlined in the contract will automatically extend to new products, services, or circumstances that were not specifically contemplated at the time of signing. For example, it may state that any future amendments, technologies, or business activities related to the agreement are also governed by its terms. The core function of this clause is to ensure that the contract remains relevant and enforceable as circumstances evolve, thereby reducing the need for frequent renegotiation and providing clarity about the parties' ongoing relationship.
Future Application. A portion or all of the Property and/or Improvements may be eligible for complete or partial exemption from ad valorem taxes as a result of existing law or future legislation. This Agreement shall not be construed as evidence that such exemptions do not apply.
Future Application. Sections 2.1 and 2.
1.1 herein shall not preclude changes in City laws, regulations, plans or policies, the terms of which are specifically mandated and required by changes in State or Federal laws or regulations which may be otherwise applicable to the Project. In the event State or Federal laws or regulations enacted after the effective date of this Agreement or action by any governmental jurisdiction other than the City prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans, maps or permits approved by the City, this Agreement shall be modified, extended or suspended as may be necessary to comply with such State or Federal laws or regulations or the regulations of such other governmental jurisdictions.