Common use of General Assignments Clause in Contracts

General Assignments. The Redeveloper shall not assign this Contract without the prior written consent of the Authority, which consent may be granted, denied or conditioned in the sole discretion of the Authority; the sale or lease of individual apartments and within the normal course of business is not to be construed as an assignment of this Contract. The Authority shall have the right to assign or otherwise transfer this Contract to the City, or to any successor entity created by the City to perform the same functions as the Authority and upon such assignment or other transfer, this Contract shall be binding upon and shall inure to the benefit of the City or to any such successor entity.

Appears in 1 contract

Samples: Redevelopment Contract

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General Assignments. The Redeveloper shall not assign this Contract without the prior written consent of the Authority, which consent may be granted, denied or conditioned in the sole discretion of the Authority; the sale or lease leasing of individual apartments and units within the Project within the normal course of business is not to be construed as an assignment of this Contract. The Authority shall have the right to assign or otherwise transfer this Contract to the City, or to any successor entity created by the City to perform the same functions as the Authority and upon such assignment or other transfer, this Contract shall be binding upon and shall inure to the benefit of the City or to any such successor entity.

Appears in 1 contract

Samples: Redevelopment Contract

General Assignments. The Redeveloper shall not assign this Contract without the prior written consent of the Authority, which consent may be granted, denied or conditioned in the sole discretion of the Authority; the sale or lease of individual apartments and within the normal course of business is not to be construed as an assignment of this Contract. The Authority shall have the right to assign or otherwise transfer this Contract to the City, or to any successor entity created by the City to perform the same functions as the Authority and upon such assignment or other transfer, this Contract shall be binding upon and shall inure to the benefit of the City or to any such successor entity.

Appears in 1 contract

Samples: Sale and Redevelopment and Funding Contract

General Assignments. The This Contract may not be assigned by the Redeveloper shall not assign this Contract without the prior written consent of the Authority, which consent may be granted, denied or conditioned in the sole discretion of the Authority; the sale or lease of individual apartments and within the normal course of business is not to be construed as an assignment of this Contract. The Authority shall have the right to assign or otherwise transfer this Contract to the City, or to any successor entity created by the City to perform the same functions as the Authority and upon such assignment or other transfer, this Contract shall be binding upon and shall inure to the benefit of the City or to any such successor entity.

Appears in 1 contract

Samples: Redevelopment Contract

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General Assignments. The Redeveloper shall not assign this Contract without the prior written consent of the Authority, which consent may be granted, denied or conditioned in the sole discretion of the Authority; the sale or lease leasing of individual apartments and commercial or residential units within the Project within the normal course of business is not to be construed as an assignment of this Contract. The Authority shall have the right to assign or otherwise transfer this Contract to the City, or to any successor entity created by the City to perform the same functions as the Authority and upon such assignment or other transfer, this Contract shall be binding upon and shall inure to the benefit of the City or to any such successor entity.

Appears in 1 contract

Samples: Redevelopment Contract

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