Examples of Original Development Agreement in a sentence
As of the effective date of the ordinance adopting this Development Agreement, the Original Development Agreement shall terminate and shall have no further force or effect with respect to the Property.
This Agreement shall be recorded against the Property at Developer’s expense within 10 days after County enters into this Agreement, as required by California Government Code Section 65868.5. Due to the legal challenges filed against the County’s approval of the Project Entitlements, the Developer requested in writing a tolling of the Original Development Agreements pursuant to Section 1.3.4 of the Original Development Agreement.
Parent has qualified as a RIC at all times since its first taxable year ending December 31, 2006 and expects to continue to so qualify through its taxable year including the Effective Time (assuming for purposes under this Agreement that any Tax Dividend declared by Parent after the date of this Agreement has been timely paid).
The Original Development Agreement, as hereby amended, is hereby ratified and confirmed in all respects.
In the event of foreclosure or transfer of title by deed in lieu of foreclosure of the Mortgaged Property, the TIF Note will terminate unless the New Borrower’s successor-in-interest under the Development Agreement complies with all provisions thereof, including without limitation Section 7.2 of the Original Development Agreement.