Common use of Information as to Ownership of Redeveloper Clause in Contracts

Information as to Ownership of Redeveloper. In order to assist in the effectuation of the purpose of this Article XIII, Redeveloper agrees that during the period between the execution of this Agreement and the completion of the Project as evidenced by the issuance of a Certificate of Completion: (1) Redeveloper will notify the Redevelopment Entity in writing of any and all changes whatsoever in the ownership of a controlling interest in Redeveloper, legal or beneficial, or of any other act or transaction involving or resulting in any change in such ownership of such controlling interest or in the relative distribution thereof, or with respect to the identity of the parties in control of Redeveloper or the degree thereof, of which it or any of its officers or members have been notified or otherwise have knowledge or information; and (2) Redeveloper shall, at such time or times as the Redevelopment Entity may reasonably request (not more than quarterly), furnish the Redevelopment Entity with a complete statement subscribed and sworn to by an officer of Redeveloper, setting forth all of managing members, or other owners of more than 10% of the equity interests of Redeveloper and the extent of their respective holdings, and in the event any other parties have a beneficial controlling interest in Redeveloper’s entity, their names and the extent of such interest.

Information as to Ownership of Redeveloper. In order to assist in the effectuation of the purpose of this Article XIII, Redeveloper agrees that during the period between the execution of this Agreement and the completion of the Project as evidenced by the issuance of a Certificate of Completion: (1) Redeveloper will notify the Redevelopment Entity in writing of any and all changes whatsoever in the ownership of a controlling interest in Redeveloper, legal or beneficial, or of any other act or transaction involving or resulting in any change in such ownership of such controlling interest or in the relative distribution thereof, or with respect to the identity of the parties in control of Redeveloper or the degree thereof, of which it or any of its officers or members have been notified or otherwise have knowledge or information; and (2) Redeveloper shall, at such time or times as the Redevelopment Entity may reasonably request (not more than quarterly), furnish the Redevelopment Entity with a complete statement subscribed and sworn to by an officer of Redeveloper, setting forth all of managing members, or other owners of more than 10% of the equity interests of Redeveloper and the extent of their respective holdings, and in the event any other parties have a beneficial controlling interest in Redeveloper’s entity, their names and the extent of such interest.