Common use of No Obligation to Develop Clause in Contracts

No Obligation to Develop. It is understood that development of the Project by Developer is contingent upon a number of factors including, but not limited to, regulatory approvals, availability and cost of equipment and financing, and demand for renewable energy and renewable energy credits. No election by ▇▇▇▇▇▇▇▇▇ to terminate, defer, suspend or modify plans to develop the Project will be deemed a default of Developer under this Agreement.

Appears in 2 contracts

Sources: Solar Energy Siting Agreement, Solar Energy Siting Agreement

No Obligation to Develop. It is understood that development of the Project by Developer is contingent upon a number of factors including, but not limited to, regulatory approvals, availability and cost of equipment and financing, and demand for renewable energy and renewable energy credits. No election by ▇▇▇▇▇▇▇▇▇ Developer to terminate, defer, suspend or modify plans to develop the Project will be deemed a default of Developer under this Agreement.

Appears in 1 contract

Sources: Solar Energy Siting Agreement