Vested Right to Develop Property Sample Clauses

The Vested Right to Develop Property clause establishes a party's legal entitlement to proceed with the development of a property according to previously approved plans or regulations, regardless of subsequent changes in zoning laws or development standards. In practice, this means that once a developer secures the necessary permits or approvals, they are protected from new restrictions that might otherwise impede or alter their project. This clause is essential for providing certainty and stability to developers, ensuring that investments made in planning and permitting are not undermined by shifting regulatory environments.
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Vested Right to Develop Property. Subject to the terms of this Agreement, Developer shall have a vested right to develop the Property in accordance with, and to receive the benefits set forth and provided in, the Existing Approvals. In the absence of a default by Developer, City shall not revoke, rescind, impede or thwart any of the Existing Approvals or this Agreement.
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Related to Vested Right to Develop Property

  • Vested Rights During the Term of this Agreement, Owner shall have the vested right and entitlement to develop and operate the Project in accordance with the Existing Land Use Ordinances, in addition to any Cannabis Manufacturing Operating Standards adopted by the City Council, which may be amended at the City’s discretion. Parties acknowledge that neither the City nor the Owner can at this time predict when or the rate at which or the order in which parts of the Project will be developed. Owner shall have the vested right to develop the Project in such order and at such rate and at such times as Owner deems appropriate in the exercise of its business judgment, provided that Owner is in compliance with the Project Approvals.

  • Restricted Rights Use of the Software by or for the United States Government is conditioned upon the Government agreeing that the Software is subject to Restricted Rights as provided under the provisions set forth in FAR 52.227-19. Customer shall be responsible for assuring that this provision is included in all agreements with the United States Government and that the Software, when delivered to the Government, is correctly marked as required by applicable Government regulations governing such Restricted Rights as of such delivery.