Stadium Termination Event Clause Samples

Stadium Termination Event. A “Stadium Termination Event” shall occur if: (i) the Stadium Condition is not satisfied on or before the Stadium Condition Cutoff Date; (ii) the Agency and the 49ers do not execute and deliver the Final Stadium Agreement on or before the Final Stadium Agreement Cutoff Date; (iii) the 49ers irrevocably elect to construct a new football stadium at a location outside of the Project Site; or (iv) the City’s Mayor, the Agency and Developer agree, each in its respective sole discretion, that Developer may proceed under the Non-Stadium Alternative. The 49ers shall be deemed to have “irrevocably elected” if