Vested Rights Granted by Approval of the Planned Community District and Project Sample Clauses

Vested Rights Granted by Approval of the Planned Community District and Project. To the fullest extent permissible under the law, Developer shall have the full benefit of any rights granted and vested under the Original Development Agreement except as modified herein, and this Agreement grants and vests in Developer all rights, consistent with the Planned Community District Approval, the Use Map, and the City’s Land Development Code, to develop the Project according to the Use Map under applicable law as provided in Paragraph 2.2 of this Agreement, which rights shall continue for the duration of this Agreement. The Parties intend that the rights granted to Developer and the entitlements for the Project under this Agreement are both contractual and provided under the common law concept of vested rights. It is expressly understood by the City that Developer may assign all or portions of its rights under this Agreement and the Planned Community District Approval provided such assignment conforms with the requirements of, and assignees agree to be bound by the terms of, this Agreement as provided in Paragraph 5.2, below.
Sample 1

Related to Vested Rights Granted by Approval of the Planned Community District and Project

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