Developer’s Rights. The Developer has the right to terminate this Agreement for any reason by delivering written notice to the City and CEDC at least seven (7) days prior to the desired termination date, provided, however, that if the Developer has received any of the Grant Payments from the City and CEDC at the time of such termination by the Developer, upon the effective date of such notice of termination, the Developer shall remit to the City and CEDC the full amount of the Grant Payments.
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Sources: Economic Development Incentive Agreement, Chapter 380 Economic Development Incentive Agreement