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Approval in accordance with and as required under Applicable Law and the terms and conditions of this Agreement, including Section 2.2.2. Further, if any of the events described in Public Resources Code Section 2166 (as that Section may be amended from time to time)have occurred or would occur in connection with a revised phasing plan, the County shall require preparation of a Subsequent EIR or a supplement to the Project EIR under either CEQA Guidelines Section 15162(a)or Section 15163(a) (as these Sections may be amended from time to time), as applicable. 2.3.3. This Agreement contains no requirement that the Developer must initiate or complete development of any phase of the development of the Property or any portion thereof within any period of time set by the County, including under the Use Permit. It is the intention of this provision that the Developer be able to develop the Property in such order and at such times as Developer deems appropriate within the exercise of its subjective business judgment; provided, however,that development of the Property shall be subject to compliance with the Existing Approvals, as amended by this Agreement, and this Agreement. No future modification of the County Code or any ordinance or regulation, by initiative or otherwise, which otherwise limits or regulates the rate of development over time shall be applicable. In furtherance of this objective, County agrees that to the maximum extent permitted under law, the development of the Property shall be exempt from growth control measures, development moratoria, including limitations on the number of building permits and/or such other measures which affect the rate, timing or sequence of development, whether enacted by the County or by vote of the electorate of the County or the State, which would stop or delay the development of the Property in conflict with Existing Approvals or the provisions of this Agreement or any Subsequent Discretionary Approvals. 2.4. Rules, Regulations and Official Policies. 2.4.1. Subject to the provisions of this Section 2., development of the Property shall be subject only to the Existing Approvals, any Subsequent Discretionary Approvals, Applicable Law and State and Federal Laws. Except as otherwise provided in this Agreement, to the extent any Future Land Use Regulations adopted by the County, including initiatives, purport to be applicable to the Property but are in conflict with the terms and conditions of this Agreement, including the Existing Approvals and any Subsequent Discretionary Approvals, the terms of this Agreement shall prevail, unless the parties mutually agree to amend or modify this Agreement pursuant to Section 1.8. hereof. To the extent that any Future Land Use Regulations adopted by the County are applicable to the Property and are not in conflict with the terms and conditions of this Agreement, including the Existing Approvals and any Subsequent Discretionary Approvals, or are otherwise made applicable by other provisions of this Section 2., such Future Land Use Regulations shall be applicable to the Property. 2.4.2. This Section 2.4. shall not preclude the application to development of the Property of changes in County laws, regulations, plans or policies,the terms of which are specifically mandated and required by changes in State and/or Federal Laws. In the event State and/or Federal Laws enacted after the Effective Date of this Agreement preclude compliance with one or more provisions of the Existing Approvals, any Subsequent Discretionary Approvals or this Agreement, or require changes in Development Permits approved by the County, the Existing Approvals, any Subsequent Discretionary Approvals and this Agreement shall be -22-