Modifications or Termination. If the City’s rights or privileges under this Agreement are or are about to be modified or terminated by exercise of the power of eminent domain (condemnation) or adjudication of a court of competent jurisdiction sought by a person or entity other than the City, then the City is entitled to recover from the person or entity seeking the modification or termination (i) restitution of amounts paid by the City for Project Funding and any other sums invested by the City in the SMP(s) and/or SMP Area; and
Modifications or Termination. The procedures concerning modifications or a termination of this Trust Agreement shall continue to apply after the event described in Sections 21.1.2, 21.2 or 21.3, except that following the completion of such procedures, the Trust Agreement shall simply be restated by the Trustees.
Modifications or Termination. This Memorandum of Agreement will be in force until terminated by either signatory upon delivery of 90 days notice to the other signatory.
Modifications or Termination. This Agreement may only be modified and/or terminated as follows: (a) by mutual agreement of Property Owner and City; and/or (b) unilaterally by City upon default of the Property Owner. Notwithstanding the foregoing or any other provision of this Agreement, this Agreement shall terminate and be null and void if the City does not approve the rezoning of the Property to be zoned as Planned Development-Multi-Use which includes the following zoning district with modified development standards; Restricted Commercial (C-1), General Commercial (C-2), Multiple-Family Residential - High Density (MF-2), Single Family Residence-72 (SF-72), Single Family Residence-60 (SF-60), Single-Family Residence - Zero lot line homes (SF-Z), and Single-Family Townhome District (SF-TH), as set forth in Section 9.04 of the Xxxx City Code of Ordinances, (“Zoning Ordinance”). The parties acknowledge and agree that the rezoning of the Property is a legislative act and that this Agreement does not bind the City Council to approve any proposed rezoning of the Property.
Modifications or Termination. All monetary compensation, including commissions, renewal commissions and overrides, may be modified, increased, reduced, or discontinued by written notice from the Company and shall take effect at the time specified in the notice, but in no event prior to 30 days from the date such notice is mailed to the GPA's last known address as reflected in the Company's records. Provided, however, that any such change in the compensation payable shall not be retroactive, but apply only to policies issued by the Company on or after the effective date specified in the written notice.
Modifications or Termination. The agreement may be modified or terminated at the discretion of the Public Works Director or City Administrator.
Modifications or Termination. If the Authority’s rights or privileges under this Agreement are or are about to be modified or terminated by exercise of the power of eminent domain (condemnation) or adjudication of a court of competent jurisdiction sought by a person or entity other than the Authority, then the Authority is entitled to recover from the person or entity seeking the modification or termination (i) restitution of amounts paid by the Authority for funding the GI Project and any other sums invested by the Authority in the GI Project and/or GI Area; and (ii) reimbursement of any litigation expenses incurred by the Authority, including without limitation reasonable attorney and expert witness fees and disbursements. The description of the Authority’s remedies in this Section 14 does not preclude the Authority from exercising any other right or remedy that at any time may be available to the Authority under this Agreement or federal, state or local laws and regulations.
Modifications or Termination. This Agreement may only be modified and/or terminated as follows: (a) by mutual written agreement of Property Owner and City; and/or (b) unilaterally by City upon default of the Property Owner. Notwithstanding the foregoing or any other provision of this Agreement, this Agreement shall terminate and be null and void if (i) the City does not approve the rezoning of the Property to be zoned as Planned Development-Multiple-Family Residential - High Density (PD-MF-2), as set forth in Section 9.04 of the Anna City Code of Ordinances, (“Zoning Ordinance”); or (ii) if Property Owner does not transfer and convey the Property to TDI Affordable Housing, LLC, or its affiliate (the “Subsequent Property Owner), not later than one
(1) year after the Effective Date. The parties acknowledge and agree that the rezoning of the Property is a legislative act and that this Agreement does not bind the City Council to approve any proposed rezoning of the Property.
Modifications or Termination of the Geistlich Guarantee
Modifications or Termination. If the City’s rights or privileges under this Agreement are or are about to be modified or terminated by exercise of the power of eminent domain (condemnation) or adjudication of a court of competent jurisdiction sought by a person or entity other than the City, then the City is entitled to recover from the person or entity seeking the modification or termination (i) restitution of amounts paid by the City for Project Funding and any other sums invested by the City in the SMP and/or SMP Area; and (ii) reimbursement of any litigation expenses incurred by the City, including without limitation reasonable attorney and expert witness fees and disbursements. The description of the City’s remedies in this Section 15 does not preclude the City from exercising any other right or remedy that at any time be available to the City under this Agreement or federal, state or local laws and regulations.
