Common use of Revocation of Grant Clause in Contracts

Revocation of Grant. In any event, upon the execution by both the Owner and the City of the Subdivision Agreement contemplated herein and the posting of such payments and securities by the Owner as may be required thereunder, this Agreement, along with the grant of permission accorded herein, shall be automatically revoked, and any unexpended portion of the Deposit shall be returned to the Owner forthwith.

Appears in 4 contracts

Samples: Servicing Agreement, Servicing Agreement, Agreement

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