Caveats. The Developer acknowledges and agrees that upon execution of this Agreement that the City shall be at liberty, pursuant to the Municipal Government Act, R.S.A. 2000, c. M-26 as amended, to file at the Land Titles Office for the North Alberta Land Registration District a caveat against the Development Area and against the undeveloped portion of the Lands described in Schedule “A” for purposes of protecting the City's interests and rights pursuant to this Agreement. Such caveat shall be discharged at the City’s discretion and expense, and will occur at one of the following, whichever occurs later:
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Caveats. The Developer acknowledges and agrees that upon execution of this Agreement that the City shall be at liberty, pursuant to the Municipal Government Act, R.S.A. 2000, c. M-26 as amended, to file at the Land Titles Office for the North Alberta Land Registration District a caveat against the Development Area and against the undeveloped portion of the Lands described in Schedule “A” for purposes of protecting the City's interests and rights pursuant to this Agreement. Such caveat shall be discharged at the City’s discretion and expenseexpense or by the Developer, and will occur at one of the following, whichever occurs later:
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Sources: Memorandum of Agreement