Common use of Effect on Transferees Clause in Contracts

Effect on Transferees. If Developer has effected a transfer so that its interest in the Project Site has been divided between Transferees, then the annual review hereunder shall be conducted separately with respect to each Party, and the Planning Director, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions separately with respect to each Party pursuant to Administrative Code Chapter 56. If the Board of Supervisors Terminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.

Effect on Transferees. If Developer has effected a transfer Transfer so that its interest in the Project Site has been divided between Developer and/or Transferees, then the annual review hereunder shall be conducted separately with respect to Developer and each Party, and the Planning DirectorTransferee, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions action separately with respect to Developer and each Party Transferee, as applicable, pursuant to Administrative Code Chapter 56. If the Board of Supervisors Terminatesterminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party Developer or a Transferee has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.

Effect on Transferees. If Developer has effected a transfer so that its interest in the Project Site has been divided between Developer and/or Transferees, then the annual review hereunder shall be conducted separately with respect to Developer and each Party, and the Planning DirectorTransferee, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions action separately with respect to Developer and each Party Transferee, as applicable, pursuant to Administrative Code Chapter 56. If the Board of Supervisors Terminatesterminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party Developer or a Transferee has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.

Effect on Transferees. If Developer has effected a transfer Transfer so that its interest in the Project Site has been divided between Developer and Transferees or between or among Transferees, then the annual review hereunder shall be conducted separately with respect to Developer and each Party, and the Planning DirectorTransferee, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions action separately with respect to Developer and each Party pursuant to Administrative Code Chapter 56Transferee, as applicable. If the Board of Supervisors Terminatesterminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party Developer or a Transferee has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.