Common use of Termination of the Development Agreement Clause in Contracts

Termination of the Development Agreement. (i) The Parties agree that the termination of the Development Agreement shall automatically result in a termination of the SFM Agreement. In such an event the consequences will be as per the Development Agreement, and the Termination Payment terms under Article 21.2 of this SFM Agreement shall not apply.

Appears in 13 contracts

Sources: Station Facility Management Agreement, Station Facility Management Agreement, Station Facility Management Agreement

Termination of the Development Agreement. (i) The Parties agree that the SFM Agreement shall be co-terminus with the Development Agreement, and accordingly a termination of the Development Agreement shall automatically result in a termination of the SFM Agreement. In such an event the consequences will be as per the Development Agreement, and the Termination Payment terms under Article 21.2 of this SFM Agreement shall not apply.

Appears in 1 contract

Sources: Station Facility Management Agreement