Modification of Housing Contribution Sample Clauses

Modification of Housing Contribution. The obligations contained hereunder will be contingent on UCSF proceeding with the Project as contemplated and securing successful entitlement and requisite approvals to implement the Project. UCSF agrees to proportionally satisfy its obligations hereunder, if UCSF reduces the scope and scale of the Project. The Parties will meet and confer on any proportional reductions to the Housing Contribution based on the extent to which the Project has been reduced, at which time UCSF and the Planning Director may revise the Housing Contribution. Any change to the Housing Contribution must be agreed upon by UCSF and the Planning Director in writing. UCSF and Planning will work together diligently and in good faith to satisfy the Housing Contribution. MOHCD agrees to use any payments made by UCSF per this Section for affordable housing, in neighborhoods surrounding the Campus, to the extent possible.
Sample 1
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