Common use of Additional Lands Clause in Contracts

Additional Lands. In the event that either Waterfront Toronto or Sidewalk Labs or any Sidewalk Labs’ controlled affiliate acquires or obtains an option to acquire or obtains any interest in any real property (the “Additional Lands”) located in whole or in part within the MIDP Site or engages in substantial negotiations (arising at such time as discussions reach the point of the execution of binding term sheets and reasonably in advance of any public announcement and not prior thereto) with a third party to acquire or obtain an option to acquire or obtain an interest in any real property located in whole or in part within the MIDP Site, such Party will promptly notify the other Party of such acquisition, option or interest, or substantial negotiations, and any Additional Lands acquired by a Party or in which a Party obtains an option or interest shall be included in the plans included in the MIDP and fall within the MIDP Scope.