Common use of Impossibility of Performance; Changed Market Conditions Clause in Contracts

Impossibility of Performance; Changed Market Conditions. Redeveloper’s failure or refusal to develop the Phase 1 Project shall not constitute a Default by Redeveloper in the performance of its obligations hereunder if such failure or refusal is for the following reasons and on the following terms and conditions:

Appears in 2 contracts

Sources: Redevelopment Agreement, Redevelopment Agreement