Amendment to Development Agreement Clause Samples
An Amendment to Development Agreement clause establishes the process and requirements for making changes to an existing development agreement between parties. Typically, this clause outlines that any modifications must be made in writing and agreed upon by all parties involved, ensuring that updates to project scope, timelines, or responsibilities are formally documented. Its core function is to provide a clear and enforceable mechanism for adapting the agreement to changing circumstances, thereby preventing misunderstandings and disputes over informal or unauthorized changes.
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Amendment to Development Agreement. 3.1 Section 3.8 of the Development Agreement is reinserted and shall read as follows:
Amendment to Development Agreement. Section 2.3 of the Original Agreement is deleted in its entirety and replaced with the following: Prior to execution of that certain Amended and Restated Parking Easement and Cost Sharing Agreement (the “Amended Parking Easement”), between City, Centerpoint Land and CPLP dated as of , 2012, the Property, which included the ▇▇▇▇▇▇▇ Property and the Centerpoint Land Property was encumbered by a vehicular parking easement which required that a total of 316 vehicular parking stalls be located on the ▇▇▇▇▇▇▇ Property and the Centerpoint Land Property and otherwise available at all times for the use of the CPLP, City, and other parcels adjacent to the Property (the “Parking Easements”). As a result of various transactions and the execution of the Amended Parking Easement , the ▇▇▇▇▇▇▇ Property is no longer subject to the Parking Easements. After the development of the Centerpoint Land Property,Centerpoint Land will only be required to provide 271 replacement vehicular parking stalls in accordance with the Amended Parking Easement . The City and Centerpoint Land acknowledge that in order to develop Phases III and IV of the Project in accordance with the Conceptual Development Plan, certain temporary and permanent changes to the Parking Spaces, as defined in the Amended Parking Easement, will be required. In connection therewith, the City and Centerpoint Land herby acknowledge and agree that during the construction of any Improvements on the Centerpoint Land Property, the City and Centerpoint Land shall work together in good faith to notify all permitted users of the Amended Parking Easement of such changes to the Parking Spaces and the commencement and termination date of such changes. Further, during any such construction, subject to the requirements of the City Parking Obligations (as defined in the Amended Parking Easement), the priority of City needs for City employee parking and other contractual obligations, City agrees to allow Centerpoint Land to utilize other parking facilities owned by City.
Amendment to Development Agreement. To the extent that the terms and conditions of this Third Amendment modify or conflict with any provisions of the Development Agreement, including prior addenda, schedules and exhibits, the terms of this Third Amendment shall control. All other terms of the Development Agreement, including all prior addenda, schedules, and exhibits, not modified by this Third Amendment shall remain the same.
Amendment to Development Agreement. Exhibit D to the Merger Agreement, the form of Development Agreement, is hereby deleted and the form of Development Agreement attached hereto as Exhibit F is hereby substituted in lieu thereof. 10. Amendment to Section 1.2(d). Section 1.2(d) of the Merger Agreement is hereby deleted in its entirety and the following is hereby substituted in lieu thereof: "EQR shall cause ERP Operating Partnership to execute and deliver, and Merry Land shall cause Spinco to execute and deliver, the Augusta Office Lease." A-49 212 \All references in the Merger Agreement to the Augusta Office Lease shall be deemed to refer to a document in the form attached as Exhibit G to this Amendment. 11.
Amendment to Development Agreement. As of the Effective Date, the Development Agreement shall be further amended such that:
Amendment to Development Agreement. Assignor and Assignee agree that any amendment to the Development Agreement requiring the approval of the “Owner” that affects the entitlements or development rights for the Sale Property shall require the approval in writing of both Assignor and Assignee. Assignor shall have the right to amend the Development Agreement without the approval of Assignee if the amendment does not affect the entitlements or development rights for the Sale Property under the Development Agreement or otherwise modify the Development Agreement in a manner that materially affects Assignee’s obligations or liabilities thereunder. Hereafter, Assignor shall have no rights as they relate to modification of the Development Agreement solely with respect to the Sale Property.
Amendment to Development Agreement. The City and Owner intend to amend and restate the Development Agreement to incorporate the terms and conditions as set forth on Exhibit A attached hereto and incorporated herein.
Amendment to Development Agreement. Assignor and Assignee agree that any amendment to the Development Agreement after the date hereof shall not require the approval of the Assignor.
Amendment to Development Agreement. This Amendment to the Development Agreement dated the 12th day of January, 1996, hereinafter referred to as "Development Agreement", by and between the City of Urbana, an Illinois home-rule municipality, in Champaign County, Illinois (hereinafter referred to as the "City" or "Corporate Authorities", and ▇▇▇▇▇ Foundation (hereinafter referred to as the "Carle", is dated this day of , 2001.
Amendment to Development Agreement. This 8th Amendment to Development Agreement (“Amended Agreement”) is executed as of this day of , 2020, by and between ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Developer”) and the VILLAGE OF SUGAR GROVE, an Illinois municipal corporation (“Village”), with regard to the following: