Common use of Timing of Annual Review Clause in Contracts

Timing of Annual Review. Pursuant to Government Code Section 65865.1, at least once during every twelve (12) month period of the Term, City shall review the good faith compliance of Developer with the terms of this Agreement (“Annual Review”). No failure on the part of City to conduct or complete an Annual Review as provided herein shall have any impact on the validity of this Agreement, nor shall it be deemed a breach on the part of Developer. The cost of the Annual Review shall be borne by Developer and Developer shall pay the actual and reasonable costs incurred by the City for such review.

Timing of Annual Review. Pursuant to Government Code Section 65865.1During the Term of this Agreement, at least once during every twelve (12) month period of from the TermCommencement Date, City shall review the good faith compliance of the Developer Parties with the terms of this Agreement (“Annual Review”). No failure on the part of City to conduct or complete an Annual Review as provided herein shall have any impact on the validity of this Agreement, nor shall it be deemed a breach on the part of Developer. The cost of the Annual Review shall be borne by Developer and Developer shall pay the actual and reasonable costs incurred conducted by the City for such reviewCouncil or its designee in accordance with the City Development Agreement Regulations.