Common use of Effect of Termination on Land Owner's Rights and Obligations Clause in Contracts

Effect of Termination on Land Owner's Rights and Obligations. 4.5.1 Notwithstanding any other provision to the contrary, should the Land Owner or its successor seek to develop the Project, termination or cancellation of this Agreement or termination of the rights of Land Owner as to the entire Property, or any part the Property, shall not affect any requirement to comply with the City Approvals, the terms and conditions of any other Subsequent Approval, nor any payments then due and owing to City, nor shall it affect the covenants of Land Owner specified in Section 4.5.2 below to continue after the termination or cancellation of this Agreement. Land Owner understands and agrees that the City Approvals may be substantially modified in light of the circumstances resulting from the termination or cancellation of this Agreement or Land Owner's rights under this Agreement, and Land Owner shall have no rights to challenge such a modification by reason of this Agreement other than the rights, if any, Land Owner would have in the absence of this Agreement.

Effect of Termination on Land Owner's Rights and Obligations. 4.5.1 Notwithstanding any other provision to the contrary, should the Land Owner expiration of the Term or its successor seek to develop the Project, termination or cancellation of this Agreement or termination of the rights of Land Owner as to the entire Property, or any part the Property, shall not affect any requirement to comply with the City Approvals, the terms and conditions of any other Subsequent Approval, nor any payments then due and owing to City, nor shall it affect the covenants of Land Owner specified in Section 4.5.2 below below, to continue after the expiration of the Term or termination or cancellation of this Agreement. Land Owner understands and agrees that the City Approvals may be substantially modified in light of the circumstances resulting from the expiration of the Term or termination or cancellation of this Agreement or Land Owner's rights under this Agreement, and Land Owner shall have no rights to challenge such a modification by reason of this Agreement other than the rights, if any, Land Owner would have in the absence of this Agreement.

Effect of Termination on Land Owner's Rights and Obligations. 4.5.1 Notwithstanding any other provision to the contrary, should the Land Owner or its successor seek to develop the Project, termination or cancellation of this Agreement or termination of the rights of Land Owner as to the entire Property, or any part the Property, shall not affect any requirement to comply with the City Approvals, the terms and conditions of any other Subsequent Approval, nor any payments then due and owing to City, nor shall it affect the covenants of Land Owner specified in Section 4.5.2 below to continue after the termination or cancellation of this Agreement. Land Owner understands and agrees that the City Approvals may be substantially modified in light of the circumstances resulting from the termination or cancellation of this Agreement or Land Owner's rights under this Agreement, and Land Owner shall have no rights to challenge such a modification by reason of this Agreement other than the rights, if any, Land Owner would have in the absence of this Agreement.