Common use of Commencement of Development Clause in Contracts

Commencement of Development. If Master ▇▇▇▇▇▇▇▇▇ has not obtained approval of a Development Application for the Project and substantially completed the Public Improvements necessary for the recordation of a final plat for the Development Application on or before December 31, 2032 then this MDA shall automatically terminate.

Appears in 8 contracts

Sources: Master Development Agreement, Master Development Agreement, Master Development Agreement

Commencement of Development. If Master ▇▇▇▇▇▇▇▇▇ has not obtained approval of a Development Application for the Project and substantially completed the Public Improvements necessary for the recordation of a final plat for the Development Application on or before December 31, 2032 2032, then this MDA shall automatically terminate. This Agreement shall also terminate automatically if on or before December 31, 2032, Master Developer has not obtained building permits for the lesser of 5% of the Maximum RDUs or 10 RDUs.

Appears in 2 contracts

Sources: Master Development Agreement, Master Development Agreement

Commencement of Development. If Master ▇▇▇▇▇▇▇▇▇ has not obtained approval of a Development Application for the Project and substantially completed the Public Improvements necessary for the recordation of a final plat for the Development Application on or before December 31, 2032 2032, then this MDA shall automatically terminate.

Appears in 1 contract

Sources: Master Development Agreement