Common use of OPTION TO TERMINATE AGREEMENT Clause in Contracts

OPTION TO TERMINATE AGREEMENT. In the event that (i) Applicant determines that it will not commence or complete construction of the Applicant’s Qualified Investment prior to the beginning of the Tax Limitation Period and notifies the District of Applicant’s unilateral determination to terminate this Agreement prior to the beginning of the Tax Limitation Period, or

OPTION TO TERMINATE AGREEMENT. In the event that (i) Applicant determines that it will not commence or complete construction of the Applicant’s Qualified Investment prior to the beginning of the Tax Limitation Period and notifies Qualifying Time Period, Applicant shall have the District of Applicant’s unilateral determination option to terminate this Agreement prior to by notifying the beginning District of its election in writing not later than commencement date of the Tax Limitation Qualifying Time Period, or.

OPTION TO TERMINATE AGREEMENT. In the event that (i) the Applicant determines that it will not commence or complete construction of the Applicant’s Qualified Investment Investment, the Applicant shall have the option, prior to the beginning of the Tax Limitation Period and notifies the District of Applicant’s unilateral determination to terminate this Agreement prior to the beginning commencement of the Tax Limitation Period, orto terminate this Agreement by notifying the District in writing of its exercise of such option. In addition to any payment otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement. Any termination of this Agreement under the foregoing provision of this Section 4.10 shall be effective immediately.