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3.4 Life of Project Approvals or Subsequent Approvals. <br /> The life of all Project Approvals and any and all subsequently-approved tentative subdivision <br /> maps approved for the Project shall be equal to the Term of this Agreement in accordance with <br /> applicable laws, unless this Agreement is earlier terminated pursuant to the provisions hereof, in <br /> which event the life of said tentative subdivision maps shall be governed by the applicable <br /> provisions of the Subdivision Map Act. <br /> 3.5 Development Timing. <br /> Subject to applicable law, including the City's Growth Management Program and any Growth <br /> Management Agreement, Developer shall have the right to develop the Project on the Property in <br /> such order and at such rate and at such times, if any, as Developer deems appropriate within the <br /> exercise of its subjective business judgment and subject to the terms of this Agreement. <br /> 3.6 Compliance with State and Federal Law. <br /> This Agreement is subject to Developer's compliance with all applicable federal and State laws <br /> and regulations and compliance with applicable provisions of CEQA. <br /> SECTION 4. DEVELOPER OBLIGATIONS <br /> 4.1 Fees. <br /> (a) Development Impact Fees. <br /> Developer shall pay to City all applicable "Development Impact Fees" which are in effect as of <br /> the Effective Date. A complete list of these applicable Development Impact Fees is attached as <br /> Exhibit B. Further, in the event Developer applies for multiple grading or building permits <br /> covering portions or phases of the Project, Developer shall only pay those Development Impact <br /> Fees applicable to the portion or phase of the Project covered by the issued permit. <br /> (b) Regulatory Processing Fees. <br /> Developer shall also pay to City all applicable "Regulatory Processing Fees" which are in <br /> effect as of the Effective Date. Regulatory Processing Fees include any and all fees, costs and <br /> charges adopted or otherwise imposed by City as a condition of regulatory approval of the <br /> Project for the purpose of defraying City's actual costs incurred or to be incurred in the <br /> processing and administration of any form of permit, approval, license, entitlement, or formation <br /> of a financing district or mechanism, or any and all costs adopted or otherwise imposed by City <br /> for the purpose of defraying City's actual costs of periodically updating its plans, policies, and <br /> procedures, including, without limitation, the fees and charges referred to in Government Code <br /> Section 66014. <br /> 7 <br />