Project Commencement. The term of this Agreement shall remain in effect provided Developer has applied for site plan approval for any component of the Project within five (5) years of this Agreement being executed and Developer has applied for a building permit for any part of the Project within three (3) years of the Township's approval of the site plan for the first development component. The timeframes within this Section may be extended by the Township Board, at the Board's discretion. Notwithstanding the foregoing, this Agreement shall not create or impose any obligation on Developer to build, open, operate, or continuously operate, a business or any particular business on the Property.
Appears in 2 contracts
Sources: Planned Unit Development Agreement, Planned Unit Development Agreement