Default by Redeveloper. If title to the Township Properties does not close because of the Redeveloper’s Default, the Township shall be entitled to terminate this Agreement. Nothing in this Section shall be construed as limiting the ability of the Township to be reimbursed from the RDA Escrow Account for Township Costs incurred through the date of termination.
Appears in 3 contracts
Sources: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement
Default by Redeveloper. If title to the Township Properties Township-Owned Property does not close because of the Redeveloper’s Default, the Township shall be entitled to terminate this AgreementAgreement insofar as it pertains to, and Redeveloper’s designation as redeveloper of, the Township-Owned Property and the ▇▇▇▇▇▇ Press Site. Nothing in this Section shall be construed as limiting the ability of the Township to be reimbursed from the RDA Escrow Account for Township Costs incurred through the date of termination.
Appears in 2 contracts