No Obligation to Build. Developer’s execution of this Agreement shall not constitute an obligation on its part to construct the Project. If Developer has not commenced construction on the Project within two (2) years of the Effective Date of this Agreement, the County may by written notice elect to terminate this Agreement; provided, however, that upon Developer’s receipt of such notice, Developer shall have a period of thirty (30) days to commence construction. If Developer commences construction within such thirty (30) day period, the County’s notice of termination shall cease to have any force or effect.
Appears in 2 contracts
Sources: Transient Guest Tax Rebate Agreement, Transient Guest Tax Rebate Agreement