Common use of Possible Comprehensive Agreement Clause in Contracts

Possible Comprehensive Agreement. That approval status described in Section 4 (a) notwithstanding, during the Term, VBCPS (in its sole discretion) may determine that it is appropriate to attempt to negotiate the form of a Comprehensive Agreement with Developer (or a Developer-designated affiliate or other Developer-designated party) that is acceptable to VBCPS and the applicable party. If VBCPS so determines, VBCPS and that applicable party (to the extent not anticipated by the then-existing Schedule) will formulate a negotiating and drafting schedule for this task and will endeavor to produce such a Comprehensive Agreement in accordance with the applicable timetable.

Appears in 2 contracts

Sources: Interim Agreement, Interim Agreement