Common use of Expansion Plan Clause in Contracts

Expansion Plan. CITY and LCZ acknowledge and agree that the development and ongoing use and operation of the Premises for the Zoo will serve both parties’ best interests. As such, CITY and LCZ agree to the Zoo expansion plan, as may be amended by mutual agreement, as shown on Exhibit “B”. CITY and LCZ also understand and agree that the plan may need to be amended, adjusted or revised as circumstances require and that when necessary the parties shall work together in good faith to amend, adjust and revise the plan. LCZ shall design, implement, and construct the improvements shown on Exhibit “B” and assume responsibility for payment of all the plan costs.