Common use of Right of Reverter Clause in Contracts

Right of Reverter. The Agency shall have the additional right, at its option, to reenter and take, possession of the Site with all improvements thereon and revest in the Agency the estate theretofore conveyed to the Redeveloper, if after conveyance of title to the Site and prior to recordation of the Certificate of Completion, the Redeveloper shall:

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

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Right of Reverter. The Successor Agency shall have the additional right, at its option, to reenter and take, take possession of the any Site with all improvements thereon and revest in the Successor Agency the estate theretofore previously conveyed to the RedeveloperDeveloper, if after conveyance of title to such the Site and prior to recordation issuance of the Certificate of CompletionCompliance therefor, the Redeveloper Developer shall, subject to the provisions of Section 805 below:

Appears in 1 contract

Samples: Disposition and Development Agreement

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Right of Reverter. The Agency shall have the additional right, at its option, to reenter and take, take possession of the Site with all improvements thereon and revest in the Agency the estate theretofore conveyed to the Redeveloper, if after conveyance of title to the Site and prior to recordation of the Certificate of Completion, the Redeveloper shall:

Appears in 1 contract

Samples: Disposition and Development Agreement

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