ASSIGNMENT, TRANSFER AND SUBLEASING. 11.1 Assignment, Subletting or Transfers. City and Club, respectively, may assign, transfer sublease, license, mortgage, pledge, encumber or otherwise hypothecate its interest in this Agreement (each a “Transfer”) in connection with, and only in connection with, a transfer permitted pursuant to Article XXII of the Venue License Agreement. BSD shall be permitted to assign or transfer all or part of its interest in this Agreement without the prior written approval of City or Club to (i) any entity under common control with BSD, or (ii) any third party purchaser of an Air Rights Parcel that agrees in writing to be bound by the terms and conditions of this Agreement; in which case BSD will be released from all liability or obligations under this Agreement upon expiration of the Term of this Agreement. Without limiting the foregoing, no assignment hereunder shall affect the enforceability of this Agreement and during the Term any assignee shall continue to be bound by the terms hereof.
Appears in 4 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
