Examples of Reserved Capacity in a sentence
Nothing regarding the Developer’s right to assign the Vested Trips and Reserved Capacity shall affect the City’s ability to enforce this Development Agreement or the terms of the Planned Unit Development zoning on the Project.
The Vested Trips and Reserved Capacity shall expire on December 31, 2027 (the “Vesting Date”), if the Developer has not received the first building permit for a principal dwelling unit within 365 days of the Effective Date.
The Developer may assign the Vested Trips and Reserved Capacity to subsequent purchasers or developers of land within the Project by designating such assignees and the amount of the Vested Trips and Reserved Capacity to be assigned to them in writing with a copy provided to the Director of Community and Economic Development Department.