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<br />ARTICLE VIII <br /> <br />TIME FOR ACCEPTANCE OF AGREEMENT EY AGENCY AND RECORDATION <br /> <br />Section 8.01. <br /> <br />Execution and Recordation. <br /> <br />a. Following its execution by the Developer and prompt <br />delivery thereafter to the Agency, this Agreement must be approved, <br />executed and delivered by the Agency to the Developer in order to <br />be effective or enforceable against the Agency. The date of this <br />Agreement shall be the date when the Agreement is approved by the <br />Agency. <br /> <br />b. The Developer and the Agency agree to permit <br />recordation of this Agreement or any portion thereof against the <br />Property in the Office of the County Recorder for San Mateo <br />County. <br /> <br />48 <br /> <br />REDW\0006\DOC\001-7 <br />3/29/05 3:15 /rove <br />