Examples of Initial Approval Date in a sentence
From and after the Initial Approval Date, Developer shall complete the Construction Plans as soon as possible under the circumstances, but in no event later than ninety (90) days after the Initial Approval Date.
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.
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 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.
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.
Upon completion of the Construction Plans, Developer shall request the approval of the Construction Plans by City no later than ninety (90) days after the Initial Approval Date.
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.