Common use of GOVERNING STANDARDS Clause in Contracts

GOVERNING STANDARDS. The Parties agree that the recitals stated above are incorporated into and form a part of this Agreement. Persons and entities hereafter developing or using the Property or any portions of the project thereon shall accomplish such development in accordance with the provisions of the Eagle Mountain Municipal Code (“EMMC”), ordinances, and regulations (collectively “City’s Laws”) in effect as of the date of this Agreement, and the provisions of this Agreement. This Agreement contains certain requirements and conditions for development and use of the Property and the Project in addition to those contained in the City’s Laws. Development of the Property shall be governed by the procedures, standards and requirements of the City’s Laws in effect as of the date of this Agreement and the approved final plat or plats for the project. In the event of a conflict between the terms of the City’s Laws then in effect and the terms of this Agreement, the terms of this Agreement shall control.

GOVERNING STANDARDS. The Parties agree that the recitals stated above are incorporated into and form a part of this Agreement. Persons and entities hereafter developing or using the Property or any portions of the project thereon shall accomplish such development in {00487756.DOCX /}/ 2} accordance with the provisions of the Eagle Mountain Municipal Code (“EMMC”), ordinances, and regulations (collectively “City’s Laws”) in effect as of the date of this Agreement, and the provisions of this Agreement. This Agreement contains certain requirements and conditions for development and use of the Property and the Project in addition to those contained in the City’s Laws. Development of the Property shall be governed by the procedures, standards and requirements of the City’s Laws in effect as of the date of this Agreement and the approved final plat or plats for the project. In the event of a conflict between the terms of the City’s Laws then in effect and the terms of this Agreement, the terms of this Agreement shall control.