Common use of Negotiating Period Clause in Contracts

Negotiating Period. The Parties agree to negotiate diligently and in good faith with one another for a ninety (90) day period commencing upon the Effective Date of this Agreement (as hereinafter defined in Section 18) (the “Negotiating Period”), in order to agree upon a mutually acceptable Definitive Agreement. The Parties, by written agreement of the Developer and the Executive Director of the Redevelopment Agency (the “Executive Director”), may extend the Negotiating Period for up to two (2) additional periods of thirty (30) days each. The term “Negotiating Period” as used herein shall include any extensions of such Negotiating Period pursuant to this Section. If a Definitive Agreement acceptable to the Developer and the Executive Director is executed and submitted by the Developer within the Negotiating Period, then the term of the Negotiating Period and this Agreement shall automatically be extended for a period of forty-five (45) days from the date of such submittal to enable the Redevelopment Agency’s staff to take and coordinate the actions necessary to bring the Definitive Agreement before the Governing Board of the Redevelopment Agency for consideration, action, and authorization to execute, if such are approved by such entity.

Negotiating Period. The Parties agree to negotiate diligently and in good faith with one another for a ninety period of one (901) day period year commencing upon the Effective Date of this Agreement (as hereinafter defined in Section 1816) (the “Negotiating Period”), in order to agree upon a mutually acceptable Definitive Agreement. The Parties, by written agreement of the Developer and the Executive Director of the Redevelopment Agency (the “Executive Director”), may extend the Negotiating Period for up to two (2) additional periods of thirty (30) days each. The term “Negotiating Period” as used herein shall include any extensions of such Negotiating Period pursuant to this Section. If a Definitive Agreement acceptable to the Developer and the Executive Director is executed and submitted by the Developer within the Negotiating Period, then the term of the Negotiating Period and this Agreement shall automatically be extended for a period of forty-five (45) days from the date of such submittal to enable the Redevelopment Agency’s staff to take and coordinate the actions necessary to bring the Definitive Agreement before the Governing Board of the Redevelopment Agency for consideration, action, and authorization to execute, if such are approved by such entity.

Negotiating Period. The Parties agree to negotiate diligently and in good faith with one another for a ninety period of one (901) day period year commencing upon the Effective Date of this Agreement (as hereinafter defined in Section 18) (the “Negotiating Period”), in order to agree upon a mutually acceptable Definitive Agreement. The Parties, by written agreement of the Developer and the Executive Director of the Redevelopment Agency (the “Executive Director”), may extend the Negotiating Period for up to two (2) additional periods of thirty ninety (3090) days each. The term “Negotiating Period” as used herein shall include any extensions of such Negotiating Period pursuant to this Section. If a Definitive Agreement acceptable to the Developer and the Executive Director is executed and submitted by the Developer within the Negotiating Period, then the term of the Negotiating Period and this Agreement shall automatically be extended for a period of forty-five (45) days from the date of such submittal to enable the Redevelopment Agency’s staff to take and coordinate the actions necessary to bring the Definitive Agreement before the Governing Board of the Redevelopment Agency for consideration, action, and authorization to execute, if such are approved by such entity.

Negotiating Period. The Parties agree to negotiate diligently and in good faith with one another for a ninety one hundred eighty (90180) day period commencing upon the Effective Date of this Agreement (as hereinafter defined in Section 18) (the “Negotiating Period”), in order to agree upon a mutually acceptable Definitive Agreement. The Parties, by written agreement of the Developer and the Executive Director of the Redevelopment Agency (the “Executive Director”)Agency, may extend the Negotiating Period for up to two (2) additional periods of thirty (30) days each. The term “Negotiating Period” as used herein shall include any extensions of such Negotiating Period pursuant to this SectionSection 1. If a Definitive Agreement acceptable to the Developer and the Executive Director of the Agency (the “Executive Director”) is executed and submitted by the Developer within the Negotiating Period, then the term of the Negotiating Period and this Agreement shall automatically be extended for a period of forty-five (45) days from the date of such submittal to enable the Redevelopment Agency’s staff to take and coordinate the actions necessary to bring the Definitive Agreement before the Governing Board of the Redevelopment Agency for consideration, action, and authorization to execute, if such are approved by such entity.