Common use of Exclusive Right to Develop Clause in Contracts

Exclusive Right to Develop. Until this Agreement is terminated, the Developer shall have the exclusive right to (a) serve as the developer for the Project, (b) enter into a development agreement for the Premises and the development of the Project and the design and construction of the Building Improvements, (c) enter into the Ground Lease with the Owner for the Premises and the other leases and agreements included in in the Leasing and Management Documents, (d) develop the Project on the Premises and (e) construct the Building Improvements (the “Exclusive Rights”). The Owner hereby agrees not to initiate, solicit, encourage or knowingly facilitate or induce the submission of any inquiries, proposals or offers that constitute or may be reasonably expected to lead to the appointment of another Person as the developer for the Project or the consummation of any agreement of any form or type, whether written or oral, that would provide any Person other than the Developer with any of the Exclusive Rights.

Exclusive Right to Develop. Until this Agreement is terminated, the Developer shall have the exclusive right to (a) serve as the developer for the Project, (b) enter into a development agreement for the Premises and the development of the Project and the design and construction of the Building Improvements, (c) enter into the Ground Lease with the Owner for the Premises and the other leases and agreements included in in the Leasing LeasingLease and Management Documents, (d) develop the Project on the Premises and (e) construct the Building Improvements (the “Exclusive Rights”). The Owner hereby agrees not to initiate, solicit, encourage or knowingly facilitate or induce the submission of any inquiries, proposals or offers that constitute or may be reasonably expected to lead to the appointment of another Person as the developer for the Project or the consummation of any agreement of any form or type, whether written or oral, that would provide any Person other than the Developer with any of the Exclusive Rights.