Common use of Notice of Conditional Election to Terminate Clause in Contracts

Notice of Conditional Election to Terminate. Extended Relief Event or Extended Permitted Closure 203 20.2.2 Notice of Election to Terminate – Commercially- Unreasonable Insurance Availability 204 20.2.3 Developer Options upon IFA Notice 204 20.2.4 IFA Options upon Developer Notice 205 20.2.5 Unconditional Right to Terminate 206 20.2.6 No Waiver 206 20.2.7 Concurrent Notices 206 20.2.8 Early Termination Date and Amount 206 20.3 Termination for Developer Default 206 20.3.1 Developer Defaults Triggering IFA Termination Rights 206 20.3.2 Compensation to Developer 207 20.3.3 Finality 207 20.4 Termination for IFA Default, Suspension of Work or Delayed Notice to Proceed 207 20.5 Termination by Court Ruling 208 20.6 Termination for Failure of Financial Close 209 20.7 Termination Procedures and Duties 210 20.7.1 Performance of Work Pending Early Termination Date 210 20.7.2 Transition Plan 210 20.7.3 Relinquishment and Possession of Project 211 20.7.4 Continuance or Termination of Key Contracts Prior to Work Completion 211 20.7.5 [reserved] 212 20.7.6 Other Close-Out Activities 212 20.7.7 Compensation; Proration of Costs 214 20.8 Effect of Termination 214 20.8.1 Cessation of Developer’s Interest and Liens and Encumbrances 214 20.8.2 [reserved] 215 20.8.3 Contracts and Agreements 215 20.9 Liability after Termination; Final Release 215

Notice of Conditional Election to Terminate. Extended Relief Event or Extended Permitted Closure 203 199 20.2.2 Notice of Election to Terminate – Commercially- Unreasonable Insurance Availability 204 Unavailability 200 20.2.3 Developer Options upon IFA Notice 204 200 20.2.4 IFA Options upon Developer Notice 205 201 20.2.5 Unconditional Right to Terminate 206 202 20.2.6 No Waiver 206 202 20.2.7 Concurrent Notices 206 202 20.2.8 Early Termination Date and Amount 206 203 20.3 Termination for Developer Default 206 203 20.3.1 Developer Defaults Triggering IFA Termination Rights 206 203 20.3.2 Compensation to Developer 207 204 20.3.3 Finality 207 204 20.4 Termination for IFA Default, Suspension of Work or Delayed Notice to Proceed 207 204 20.5 Termination by Court Ruling 208 205 20.6 Termination for Failure of Financial Close 209 205 20.7 Termination Procedures and Duties 210 206 20.7.1 Performance of Work Pending Early Termination Date 210 206 20.7.2 Transition Plan 210 207 20.7.3 Relinquishment and Possession of Project 211 East End Crossing 207 20.7.4 Continuance or Termination of Key Contracts Prior to Work Completion 211 207 20.7.5 [reserved] 212 20.7.6 Other Close-Out Activities 212 20.7.7 Compensation; Proration of Costs 214 20.8 Effect of Termination 214 20.8.1 Cessation of Developer’s Interest and Liens and Encumbrances 214 20.8.2 [reserved] 215 20.8.3 Contracts and Agreements 215 20.9 Liability after Termination; Final Release 215208