Common use of Proportionality Clause in Contracts

Proportionality. If Developer’s proposed termination under Section 11.4 would result in a violation of the proportionality principle set forth in Section 1.5, as reasonably determined by the Agency Director, then the Agency Director shall so notify Developer and the Parties shall negotiate in good faith for a proposed resolution that maintains the benefit of the bargain for both Parties. The period of such good faith negotiations shall be Administrative Delay. If Developer and the Agency are unable to reach agreement within ninety (90) days after Developer’s receipt of the Agency’s notice, then either Developer or the Agency may submit the matter to binding arbitration under Section 15.2.

Proportionality. If Developer’s proposed termination of a Sub-Phase under Section 11.4 would result in a violation of the proportionality principle set forth in Section 1.51.7, as reasonably determined by the Agency Authority Director, then the Agency Authority Director shall so notify Developer and the Parties shall negotiate in good faith for a proposed resolution that maintains the benefit of the bargain for both Parties. The period of such good faith negotiations shall be Administrative Delay. If Developer and the Agency Parties are unable to reach agreement within ninety one hundred twenty (90120) days after Developer’s receipt of the AgencyAuthority’s notice, then either Developer or the Agency Authority may submit the matter to binding arbitration under Section 15.2.

Proportionality. If DeveloperXxxxxxxxx’s proposed termination of a Sub-Phase under Section 11.4 would result in a violation of the proportionality principle set forth in Section 1.51.7, as reasonably determined by the Agency Authority Director, then the Agency Authority Director shall so notify Developer and the Parties shall negotiate in good faith for a proposed resolution that maintains the benefit of the bargain for both Parties. The period of such good faith negotiations shall be Administrative Delay. If Developer and the Agency Parties are unable to reach agreement within ninety one hundred twenty (90120) days after DeveloperXxxxxxxxx’s receipt of the AgencyAuthority’s notice, then either Developer or the Agency Authority may submit the matter to binding arbitration under Section 15.2.

Proportionality. If DeveloperXxxxxxxxx’s proposed termination under Section 11.4 would result in a violation of the proportionality principle set forth in Section 1.5, as reasonably determined by the Agency Director, then the Agency Director shall so notify Developer and the Parties shall negotiate in good faith for a proposed resolution that maintains the benefit of the bargain for both Parties. The period of such good faith negotiations shall be Administrative Delay. If Developer and the Agency are unable to reach agreement within ninety (90) days after Developer’s receipt of the Agency’s notice, then either Developer or the Agency may submit the matter to binding arbitration under Section 15.2.