Pursuit of Authorizing Ordinance Sample Clauses

Pursuit of Authorizing Ordinance. No later than August 1, 2017, City shall submit to the Mayor for his transmittal to City Council a proposed Authorizing Ordinance with contemporaneous notice to Bosa of such submittal. Bosa acknowledges that approval of the Authorizing Ordinance is at the discretion of a majority of the members of City Council and failure of the Authorizing Ordinance to be passed by City Council and subsequently to become effective law shall not constitute a default by City under this Agreement. City shall keep Bosa reasonably informed as to the status of the Authorizing Ordinance. If the Authorizing Ordinance authorizes the City’s sale of the Property to Bosa on terms and conditions that differ from those described in this Agreement in any manner, Bosa shall have a period of five (5) Business Days following passage of the Authorizing Ordinance to either approve or reject such modified terms and conditions. Bosa’s failure to provide written notice to City that Bosa rejects the modified terms and conditions within such five (5) Business Day period shall constitute Bosa’s approval of such modified terms and conditions. If Bosa rejects such modified terms and conditions, then the condition precedent described in Section 2(a) above shall be deemed unsatisfied, this Agreement shall terminate and the Deposit shall be returned to Bosa.
Sample 1
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Related to Pursuit of Authorizing Ordinance

  • EXTENT OF AUTHORITY may manage a work area; • exercise a degree of autonomy (advice available on complex or unusual matters); • manage significant projects and/or functions and/or works programmes.

  • Grant of Authority As of the Effective Date, GlobalSign hereby grants to Subscriber the authority for the term set forth in Section 7 to use the enclosed Digital Certificate to create Digital Signatures or to use the Digital Certificate in conjunction with Private Key or Public Key operations.

  • LIMITATION OF AUTHORITY No person is authorized to make any representations concerning the Funds or the Shares except those contained in the Prospectus of each Fund and in such printed information as the Distributor may subsequently prepare. No person is authorized to distribute any sales material relating to any Fund without the prior written approval of the Distributor.

  • Reservation of Authority Nothing in this subpart shall limit the authority of the Secretary to take action to enforce conditions or violations of law, including actions necessary to prevent evasions of this subpart.

  • Limitations of Authority (1). Neither Party has authority to act for or on behalf of the other except as provided in this Agreement. No other authority, power, partnership, use of rights are granted or implied.

  • TERMINATION OF AUTHORITY Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

  • Warranty of Authority Each person signing this Amendment warrants that he or she is duly authorized to do so and to bind the respective party.

  • Delegation of Authority The General Partner may delegate any or all of its powers, rights and obligations hereunder, and may appoint, employ, contract or otherwise deal with any Person for the transaction of the business of the Partnership, which Person may, under supervision of the General Partner, perform any acts or services for the Partnership as the General Partner may approve.

  • Certification of Authority The undersigned certify that the persons executing this agreement on behalf of City and SDA have legal authority to enter into this agreement on behalf of City and SDA respectively and have full authority to bind City and SDA in a valid Agreement on the terms herein.

  • Revocation of Authorization 1. Either Party may revoke, suspend or limit the operating authorizations or technical permissions of an airline designated by the other Party where:

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