Common use of Assignment Rights Clause in Contracts

Assignment Rights. In Section 5.1 of the Agreement, the parties generally agree that Developer may not assign this Agreement or convey the Project Site without the approval of the City's Governing Body (in your reasonable discretion) and this requires analysis of a proposed assignee's qualifications, experience and financial condition. However, Section 5.3 of the Agreement allows certain assignments by Developer without City consent or approval – namely, (a) security interests granted to construction or permanent lenders, and (b) sales or leases to retail or residential tenants.

Assignment Rights. In Section 5.1 6.01 of the Agreement, the parties generally agree that Developer may not assign this Agreement or convey the Project Site without the approval of the City's Governing Body (in your reasonable sole discretion) and this requires analysis of a proposed assignee's qualifications, experience and financial condition). However, Section 5.3 6.03 of the Agreement allows certain assignments by Developer without City consent or approval – namely, (a) security interests granted to construction or permanent lenders, (b) transfers to affiliated entities, and (bc) sales or leases to retail or residential tenants.

Assignment Rights. In Section 5.1 6.1 of the Agreement, the parties generally agree that Developer may not assign this the Agreement or convey the Project Site without the approval of the City's Governing Body (in your reasonable discretion) and this requires analysis Body, which approval shall be based on an evaluation of a proposed assigneethe transferee's qualificationsexperience, experience qualifications and financial conditioncondition and may not be unreasonably withheld. However, Section 5.3 6.3 of the Agreement allows certain assignments by Developer without City consent or approval – namely, (a) security interests granted to construction or permanent lenders, and (b) sales or leases to retail or residential tenants.,