Common use of Development Agreement Termination Clause in Contracts

Development Agreement Termination. Contributor shall have caused termination of that certain Development Agreement dated September 15, 2015 (“Development Agreement”), by and between UR-FC Contributed Assets, LLC, a Delaware limited liability company (“Owner”) and First Capital Partners, LLC, a Nevada limited liability company (“Developer”). Contributor and Acquiror agree that the Development Agreement is not a part of the Project to be contributed by Contributor, and acquired/assumed by Acquiror.

Appears in 2 contracts

Sources: Contribution Agreement (Talon Real Estate Holding Corp.), Contribution Agreement (First Capital Real Estate Trust Inc)