Initial Approval Date Sample Clauses

Initial Approval Date. From and after the Effective Date, City shall seek the necessary governmental approvals required to provide the economic incentives to support the Project set forth in Article IV of this Agreement on or before August 31, 2018 (“Initial Approval Date”). In the event that City is not able to obtain the necessary governmental approvals on or before the Initial Approval Date, either City or Developer shall have the right to terminate this Agreement and neither party shall have any further liability pursuant hereto. Developer agrees to diligently pursue the balance of the financing necessary for the Project as shown on the Financial Projections and shall submit to City commitments to finance development of the Project from a qualified private financial institution in the amounts shown on the Financial Projections on or before the Initial Approval Date. In the event Developer fails to provide such evidence of a commitment to finance construction prior to the Initial Approval Date, either City or Developer shall have the right to terminate this Agreement and neither party shall have any further liability to the other pursuant hereto.
Sample 1
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Initial Approval Date. From and after the Effective Date, City shall seek the necessary governmental approvals required to provide the economic incentives to support the Project set forth in Article IV of this Agreement on or before October 31, 2018 (“Initial Approval Date”). In the event that City is not able to obtain the necessary governmental approvals on or before October 31, 2018, the Initial Approval Date shall be automatically extended to November 30, 2018, for the purpose of obtaining the necessary governmental approvals. In the event that City is unable to obtain the necessary governmental approvals to provide the economic development incentives pursuant to the terms and conditions of Article IV of this Agreement upon the expiration of the Initial Approval Date, as it may be extended, City may terminate this Agreement by written notice to Developer within five (5) days of the expiration of the Initial Approval Date, as it may be extended, and neither party shall have any further liability to the other pursuant hereto. Developer agrees to diligently pursue the balance of the financing necessary for the Project as shown on the Financial Projections and shall submit to City commitments to finance development of the Project from a qualified private financial institution or institutions in the amounts shown on the Financial Projections on the earlier of (i) the date that is sixty (60) days after the Initial Approval Date, as it may be extended, or
Sample 1

Related to Initial Approval Date

  • ROAD WORK PHASE APPROVAL Purchaser shall obtain written approval from the Contract Administrator upon completion of each of the following phases of road work:  Drainage installation  Subgrade compaction  Rock compaction SUBSECTION RESTRICTIONS

  • Final Approval Order 62. The Parties shall jointly seek entry of a Final Approval Order, the text of which the Parties shall agree upon. The dismissal orders, motions or stipulation to implement this Section shall, among other things, seek or provide for a dismissal with prejudice and waiving any rights of appeal.

  • Approval/Non-Approval We will notify you whether your Application has been approved or denied within 14 days after the date we receive a completed Application. Notification may be in person or by mail or telephone unless you have requested that notification be by mail. You must not assume approval until you receive actual notice of approval. The 14-day time period may be changed only by separate written agreement.

  • Final Approval After Acceptance, Engineer shall perform any required modifications, changes, alterations, corrections, redesigns, and additional work necessary to receive Final Approval by the County. "Final Approval" in this sense shall mean formal recognition that the Engineering Services have been fully carried out.

  • AGREEMENT APPROVAL This agreement constitutes the entire agreement between the parties and supersedes any previously executed agreements, representations, verbal or written, to buy and/or sell the property. Neither this agreement, nor any interest herein, shall be transferred or assigned by Buyer without the prior written consent of Seller.

  • Final Approval Hearing “Final Approval Hearing” shall mean the hearing at which the Court will consider and finally decide whether to enter the Final Judgment.

  • FAA APPROVAL This Agreement may be subject to approval of the FAA. If the FAA disapproves this Agreement, it will become null and void, and both Parties will bear their own expenses relative to this Agreement, up to the date of disapproval.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

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