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Exhibit C <br /> Section 2.03 Applicable Law. "Applicable Law" shall mean the existing rules, <br /> regulations, official policies, standards and specifications governing permitted uses of the Project <br /> Site, governing density, and governing the design, improvements, the City's Residential Growth <br /> Management Program (as set forth in Chapter 17.36 of the Pleasanton Municipal Code), the <br /> AHA and applicable City regulations, and construction standards and specifications applicable to <br /> the Project Site as set forth in this Agreement and the Project Approvals, and in force and effect <br /> on the Effective Date. During the Term, to the extent there are any conflicts between the Project <br /> Approvals (including but not limited to conditions to any of the Project Approvals) and this <br /> Agreement, the terms and conditions of this Agreement shall govern. Further, the parties <br /> acknowledge that the GMA, once approved, is a vested element of this Agreement, <br /> notwithstanding subsequent RHNA cycles, or existing timing provisions or subsequent changes <br /> to the City's Growth Management Ordinance (the "GMO"). Further, during the Term, to the <br /> extent there are any conflicts between the GMA and the GMO, the terms and conditions of the <br /> GMA shall govern. <br /> Section 2.04 Moratorium, Initiatives and Conflicting Enactments. To the extent <br /> consistent with state law (and excepting a declaration of a local emergency or state emergency as <br /> defined in Government Code section 8558), if any ordinance, resolution or other measure is <br /> enacted subsequent to the Effective Date, whether by action of City, by initiative, referendum, or <br /> otherwise, that imposes a building moratorium, a limit on the rate of development, or a voter- <br /> approval requirement which would otherwise affect the timely development of the Project or <br /> Project Approvals or Subsequent Approvals on all or any part of the Project Site ("City Law"), <br /> City agrees that such ordinance, resolution or other measure shall not apply to the Project Site, <br /> this Agreement, the Project Approvals, or the Subsequent Approvals, if any, during the Term. <br /> Section 2.05 Life of Project Approvals or Subsequent Approvals. The term of <br /> any Project Approval or Subsequent Approval shall automatically be extended for the longer of <br /> Term of this Agreement or the term otherwise applicable to such Project Approval or Subsequent <br /> Approval if this Agreement is no longer in effect. The Term of this Agreement, any other <br /> Project Approval or Subsequent Approval shall be extended by any period of time during which <br /> any applicable development or utility moratorium, lawsuit or the actions of other public agencies <br /> that regulate land use, delays construction of the Project. <br /> Section 2.06 Development Timing. Subject to Applicable Law, including the <br /> GMA, Developer shall have the right to develop the Project on the Project Site in such order and <br /> at such rate and at such times as Developer deems appropriate within the exercise of its <br /> subjective business judgment. <br /> Section 2.07 Compliance with State and Federal Law. This Agreement is <br /> subject to Developer's compliance with all applicable federal and state laws and regulations and <br /> compliance with the California Environmental Quality Act, Public Resources Code sections <br /> 21000 et seq. ("CEQA"). <br /> Article III Developer Obligations. <br /> Section 3.01 Obligations of Developer Generally. The parties acknowledge and <br /> agree that the City's agreement to perform and abide by the covenants and obligations of City set <br /> -7- <br />