Common use of Future Permitting Clause in Contracts

Future Permitting. Within thirty-six (36) months from the Effective Date of this Agreement, the Developer, at its expense, shall prepare and file all required applications, information, and engineering plans with the City that are necessary to obtain Final Engineering approval for the Project consistent with the Land Use Plan. The Developer shall obtain Final Engineering approval within forty-eight (48) months of the Effective Date of this Agreement. If the Project fails to obtain such final approval from the City within the aforesaid forty-eight (48) months, the City shall have the right to declare the Developer in default pursuant to Section 24.0 of this Agreement. If the Developer does not cure the default within the cure period, the City shall have the right, but not obligation to, terminate this Agreement without penalty as provided herein.