Redeveloper Designation. The Township hereby conditionally designates and appoints the Redeveloper as the exclusive redeveloper of the Township-Owned Property and of the Project Parcels. Upon satisfaction of the PILOT Contingency and the Infrastructure Construction Agreement Contingency, the Redeveloper (acting directly or through one or more of the GP Affiliates or other permitted assignees as defined in Article VIII below) shall have the exclusive right to perform development and redevelopment activities in connection with the Project, and to retain the profits derived therefrom, under the framework and in accordance with the terms of this Agreement, the Redevelopment Plan, and all Applicable Laws.
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