Common use of Changes in Applicable Rules Clause in Contracts

Changes in Applicable Rules. No addition to, or modification of, the Applicable Rules including, without limitation, changes in the City’s comprehensive plan or any zoning or building regulation, adopted or effective after the Effective Date, shall be applied to the Project unless agreed to by the Parties. Notwithstanding the foregoing, the Company may, in its sole discretion, give the City written notice of its election to have any subsequent change in the Applicable Rules applied to all or any portion of the Project Site, in which case such subsequent change shall be deemed to be incorporated within the Applicable Rules with respect to such portion of the Project Site. In the event of any conflict or inconsistency between this Agreement and the Applicable Rules, the provisions of this Agreement shall control. If applicable state or federal laws or regulations prevent or preclude compliance with one or more provisions of this Agreement, such provisions of this Agreement shall be modified or suspended as necessary to comply with state or federal laws or regulations.