Common use of Effectiveness; Revocation Clause in Contracts

Effectiveness; Revocation. The Facilities License will become effective upon execution and delivery of this Agreement by all of the Parties. Once effective, the Facilities License may be revoked by Fairfax Water at any time effective upon delivery of written notice of revocation to the Landowners. Without limiting its rights under this Agreement or the Easement Policy in any respect, Fairfax Water advises that it currently does not anticipate exercising its right of revocation absent the occurrence of one or more of the following events: (i) the breach by either Landowner of any provision of this Agreement that is not cured within 90 days after written notice of breach is delivered to the Landowners; (ii) the sale or transfer of the Property to a person or entity who has not agreed in writing to assume the Landowners’ obligations hereunder; or (iii) a determination by Fairfax Water that its then-current or planned operation of the Reservoir is not reasonably compatible with the Landowners’ use of the Approved Facilities, including but not limited to a decision by Fairfax Water to permanently flood all or any portion of the Flood Easement on the Property.