No Obligation to Build Sample Clauses

No Obligation to Build. Nothing contained in this Agreement shall create any obligation of the Owner to construct all or any portion of the Project, provided however, that the promises, covenants and restrictions contained herein shall remain binding upon the Owner and the Town and their respective successors, assigns, mortgagees and all others taking title in fee or otherwise acquiring an interest to a part or all of the Property, for the longest period permitted by law.
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No Obligation to Build. Developer’s execution of this Agreement shall not constitute an obligation on its part to construct the Project. If Developer has not commenced construction on the Project within two (2) years of the Effective Date of this Agreement, the County may by written notice elect to terminate this Agreement; provided, however, that upon Developer’s receipt of such notice, Developer shall have a period of thirty (30) days to commence construction. If Developer commences construction within such thirty (30) day period, the County’s notice of termination shall cease to have any force or effect.
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No Obligation to Build. Notwithstanding the Massachusetts Attorney General’s approval of the Zoning Amendments proposed and contemplated in this Agreement, nothing contained herein shall create any obligation of the Owner to construct all or any portion of the Enterprise Project or the 40R Project, provided however, that the promises, covenants and restrictions contained herein shall remain binding upon the Owner, and the Town and their respective successors, assigns, mortgagees and all others taking title in fee or otherwise acquiring an interest to a part or all of the Property, for the longest period permitted by law.
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No Obligation to Build. MTF Provider status under the Tariff shall not impose an obligation to build transmission facilities on the MTF Provider. The offering of MTF Service under the Tariff shall not impose an obligation to build transmission facilities on the Participants, Transmission Owners or System Operator.
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No Obligation to Build. Notwithstanding Town Meeting Approval of the Zoning Amendments proposed and contemplated in this Agreement, nothing contained herein shall create any obligation of the Owner to construct all or any portion of the Enterprise Project or the 40R Project provided however, that the promises, covenants and restrictions contained herein shall remain binding upon the Owner, and the Town and their respective successors, assigns, mortgagees and all others taking title in fee or otherwise acquiring an interest to a part or all of the Property, for the longest period permitted by law.
Sample 1
No Obligation to Build. Neither the execution of this MOA, nor the approval of the Concept Plan shall create any obligation of the Owner to construct all or any portion of the Project, provided however, that the promises, covenants and restrictions contained herein shall remain binding upon the Town and the Owner and its successors, assigns, mortgagees and all others taking title in fee or less than fee or otherwise acquiring an interest to a part or all of the Property, for the longest period permitted by law.
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No Obligation to Build. Nothing in this Planning Agreement or in any Regional Transmission Plan prepared in accordance with the process defined in Exhibit A to this Planning Agreement shall require a Party to construct a transmission facility or prohibit a Party from constructing a transmission facility or expanding its electric system; nor shall anything in this Planning Agreement or in any Regional Transmission Plan prepared in accordance with the process defined in Exhibit A to this Planning Agreement dictate or establish which investments identified in such Regional Transmission Plan should be made; nor shall anything in this Planning Agreement dictate or establish how costs of investments should be covered.
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Related to No Obligation to Build

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of the Facility.

  • Exception to Obligations Neither Party's obligations under this Section shall apply to the extent the infringement is caused by: (i) modification of the facilities or equipment (including software) by the indemnitee; (ii) use by the indemnitee of the facilities or equipment (including software) in combination with equipment or facilities (including software) not provided or authorized by the indemnitor, provided the facilities or equipment (including software) would not be infringing if used alone; (iii) conformance to specifications of the indemnitee which would necessarily result in infringement; or (iv) continued use by the indemnitee of the affected facilities or equipment (including software) after being placed on notice to discontinue use as set forth herein.

  • No Obligation to Employ Nothing in the Plan or this Agreement shall confer on the Participant any right to continue in the employ of, or other relationship with, the Company or any Parent, Subsidiary or Affiliate or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate to terminate the Participant’s employment or service relationship at any time, with or without cause.

  • No Obligation to Mitigate Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

  • No Obligation to Pursue Others Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the Obligations, all without affecting Bank’s rights against Borrower. Borrower waives any right it may have to require Bank to pursue any other Person for any of the Obligations.

  • No Obligation Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage provided, or (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit.

  • No Obligations This Contract does not create any express or implied obligation that the City: i) reserve or create water or wastewater treatment capacity; ii) approve a permit or connection, which shall be granted only upon compliance with all requirements of law, including City Requirements; iii) offer utility services to any user within the Project; iv) provide a particular quantity. quality, or pressure for the water serving the Project; v) waive or not charge fees that are otherwise applicable pursuant to City Requirements; or vi) approve annexation of the Property or a particular zoning of the Property.

  • No Obligation to Third Parties The execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate either of the parties hereto to, any person or entity not a party to this Agreement.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 10.1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.

  • No Obligation to Mitigate Damages Employee shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by Employee as a result of employment by another employer or by retirement benefits after the Date of Termination, or otherwise, except to the extent provided in Section 3 above.

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