Examples of Revitalization agreement in a sentence
The Works & Utilities Department have the following requirements associated with this Heritage Revitalization Agreement application.
This cash payment shall be made prior to final adoption of City of Kelowna Heritage Revitalization Agreement Authorization Bylaw No. 9673.
Other than as expressly provided to the contrary in this Revitalization Agreement, Developer shall not assign any of its rights or obligations under this Revitalization Agreement without the prior written consent of Authority, which consent may be withheld in Authority’s sole and absolute discretion.
Authority and Developer acknowledge and agree that Authority has been appropriated the sum of up to Four Million Eight Hundred Thousand Dollars ($4,800,000) to be allocated and disbursed as Authority reasonably determines necessary in order to prepare the Plan, plan for implementation of the Plan, and to carry out the Plan contemplated by this Revitalization Agreement and all implementing agreements hereto (“Authority Appropriation”).
Developer warrants that it has not paid or given, and will not pay or give, any third person any money or other consideration for obtaining this Revitalization Agreement.
If all of this Revitalization Agreement is terminated except this Article, then, with respect to any Properties for a particular Phase then held by Developer as a result of an acquisition approved by Authority (other than those in a Phase that has already closed), (a) Developer shall have the right to sell (i.e., put) such Properties to Authority, and (b) Authority shall have the right to buy (i.e., call) them from Developer.
In the event of any controversy or litigation among the parties to this Revitalization Agreement relating to any provision or term in this Revitalization Agreement, the prevailing Party in such controversy or litigation shall, in addition to any other award, be entitled to recover all of its costs incurred in connection therewith, including, without limitation, reasonable attorneys’ fees.
Each Party’s rights and remedies under this Revitalization Agreement are cumulative and in addition to all rights and remedies provided by law from time to time.
Notwithstanding anything contained in this Revitalization Agreement to the contrary, Developer may not request disbursements of funds under this Revitalization Agreement until the funds are needed for payment of eligible costs.
Upon the occurrence of any Event of Default, the non- defaulting Party may, at its option and in its absolute discretion, exercise any of its rights under this Revitalization Agreement and any rights provided by law, including, without limitation, the right to seek specific performance, all in such order and manner as such Party elects in its sole and absolute discretion.