Common use of Assignment of Agreement Prohibited Clause in Contracts

Assignment of Agreement Prohibited. The Site Developer shall not use this Agreement or its anticipated proceeds to borrow money. The Site Developer shall not assign any interest in this Agreement except as may be authorized or required to implement the last two sentences of Section 5.3(b) of the Master Development Agreement between the City and XxXxxxxxx Xxxxx Xxxxxxx, Inc. dated on or about the date hereof (the “MDA”). The City agrees to execute such consents, pledges, subordination agreements, licenses, estoppels or other documentation as may reasonably be required to implement such provision.

Assignment of Agreement Prohibited. The Site Developer shall not use this Agreement or its anticipated proceeds to borrow money. The Site Developer shall not assign any interest in this Agreement except as may be authorized or required to implement the last two sentences of Section 5.3(b) of the Master Development Agreement between the City and XxXxxxxxx Xxxxx Xxxxxxx, Inc. dated on or about the date hereof (the “MDA”). The City agrees to execute such consents, pledges, subordination agreements, licenses, estoppels or other documentation as may reasonably be required to implement such provision.