Common use of Revocation or abandonment of Approval Clause in Contracts

Revocation or abandonment of Approval. In the event that the approval of this development is revoked in accordance with Section 5.8 of the Palm Beach County Unified Land Development Code, or formally abandoned by the Developer and that the abandonment has been approved by the County, the County shall send written notification to Escrow Agent. Escrow Agent shall then disburse all funds to Developer and return the deed to County.

Appears in 14 contracts

Samples: Development Rights Escrow Agreement, Development Rights Escrow Agreement, Development Rights Escrow Agreement

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Revocation or abandonment of Approval. In the event that the approval of this development is revoked in accordance with Section 5.8 of the Palm Beach County Unified Land Development Code, or formally abandoned by the Developer and that the abandonment has been approved by the County, the County shall send written notification to Escrow Agent. Escrow Agent shall then disburse all funds including accrued interest to Developer and return the deed to County.

Appears in 1 contract

Samples: Transfer of Development Rights Escrow Agreement

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