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<br />2. <br /> <br />Defini lions. <br /> <br />Capitalized terms used in this Agreement have the meaning given them in <br /> <br />this Agreement or in Exhibit A. <br /> <br />3. <br /> <br />Term. <br /> <br />(a) <br /> <br />Except as provided in subsection (b), Section 16, and Section 20, the <br /> <br />term of this Agreement commences on the Effective Date, and terminates on the <br /> <br />fifteenth anniver-sary of the Effective Date. <br /> <br />(b) <br /> <br />City may tenninate this Agreement: <br /> <br />.-- <br />,~'. <br />;:,:; :: <br />,"..." <br /> <br />(i) <br /> <br />On or after the fifth anniversary date of the Effective Date if the <br /> <br />..~... <br /> <br />'..... <br /> <br />construction within the zone ("Zone" or "Zones") on the <br /> <br />,. .' <br />'",~_.." <br /> <br />.. ,,"', <br />~~';:~ <br /> <br />Property as shown on Exhibit C in which Flatir-ons first <br /> <br />---".." <br /> <br />:::~~,.,;; <br /> <br />::,: :1 <br />':=~:~. <br /> <br />commences c:onstruction has not been completed before that <br /> <br />-' ~" <br />.,,~,~" <br />.. .. " <br />"'~,,_.. <br />,. -.- <br /> <br />'..'-'.... <br /> <br />:i:;:.~:¡¡ <br /> <br />élnniversary date; and <br /> <br />(ii) <br /> <br />On or- after the tenth anniversary date of the Effective Date if <br /> <br />Flatirons has not commenced construction in a second Zone <br /> <br />before that æmi versary date. <br /> <br />(c:) <br /> <br />As used in this Section 3, "commences" and" commenced" meéln the, <br /> <br />dri ving of all piles and the pouring of the concrete slab necessary for the foundation <br /> <br />of the first office building to be constructed in a Zone; and "completed" means the <br /> <br />issuance by City of a temporary certificate of occupancy for all office buildings to be <br /> <br />constructed in a Zone. <br /> <br />-9- <br /> <br />DV AGRCP3.DCX: <br />August 26, 1996 <br /> <br />- .',,"-.. ,..."' , - . <br /> <br />.... "-.' .... ",- ...."... """. ' " <br />