Common use of Reentry and Revesting of Title to Site After Closing and Prior to Issuance of Release of Construction Covenants Clause in Contracts

Reentry and Revesting of Title to Site After Closing and Prior to Issuance of Release of Construction Covenants. Agency has the right, at its election, to reenter and take possession of the Site, with all Improvements thereon, and terminate and revest in Agency the estate conveyed to Developer if after the Closing and before the issuance of the Release of Construction Covenants, Developer shall:

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

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Reentry and Revesting of Title to Site After Closing and Prior to Issuance of Release of Construction Covenants. Agency has the right, at its election, to reenter and take possession of the Site, with all Improvements thereon, and terminate and revest in Agency the estate conveyed to Developer if after the Closing and before the issuance of the Release of Construction Covenants, Developer shall:shall:‌

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

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