Common use of Periodic Review Clause in Contracts

Periodic Review. Pursuant to CGC §65865.1, City shall engage in an annual review this Agreement, on or before the anniversary of the date of execution, in order to ascertain Owner’s good faith compliance with its terms (the “Periodic Review”). In the event City fails to formally conduct such annual review, Owner shall be deemed to be in full compliance with the Agreement.

Periodic Review. Pursuant to CGC §65865.1, City shall engage in an annual review annualreview this Agreement, on or before the anniversary of the date of execution, in order to ascertain Owner’s good faith compliance with its terms (the “Periodic Review”). In the event City fails Cityfails to formally conduct such annual review, Owner shall be deemed to be in full compliance with the Agreement.