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4.8. SR 08-17-2015
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4.8. SR 08-17-2015
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8/13/2015 4:21:00 PM
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8/17/2015
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<br /> <br />14.Revocation; Termination. (a) The Developer’s rights under this Agreement shall be <br />revoked if, within six (6) months of the date of this Agreement, the Developer and the City have not <br />closed on the purchase of the Property in accordance with the Purchase Agreement. In the event of <br />such a revocation, under no circumstances shall the City be deemed liable to the Developer for any <br />costs incurred by the Developer in connection with the Property. <br /> <br /> (b) If not terminated earlier, this Agreement terminates upon the date of closing under the <br />Purchase Agreement. <br /> <br />(c) The Developer’s obligations to indemnify the City pursuant to Section 2 of this <br />Agreement shall survive revocation, expiration, or other termination of this Agreement. <br />4 <br />466500v2 EL185-31 <br />
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