No Sale. (a) The Buyer must not sell or otherwise dispose of the Site to a transferee: (i) until the expiry of the Display Period; or (ii) prior to the expiry of the Display Period, without the Developer's prior written consent. The Developer may refuse that consent in its absolute discretion at any time prior to the expiry of the Display Home Period. (b) If the Developer agrees to give its consent to a proposed transfer, the Developer shall be entitled to impose such conditions of consent as the Developer may deem necessary in order to ensure that the rights granted to the Developer under this deed are protected and the Display Home remains open during the Display Period. The Buyer acknowledges that the conditions imposed by the Developer will include requiring the Buyer to enter into the Resale Deed, the effect of which is that the Buyer and the transferee agree to be bound by the provisions of this deed, including this clause 16. (c) The Resale Deed shall be prepared by the Development Manager's solicitor and the Buyer is responsible for the Development Manager's reasonable legal costs associated in preparing, negotiating and execution of the Resale Deed. (d) Entry into the Resale Deed by the Development Manager does not relieve the Buyer of any of the obligations to comply with the requirements of this contract.
Appears in 15 contracts
Samples: Built Form Delivery Contract Lease Back (With Furniture), Built Form Delivery Contract Lease Back (With Furniture), Built Form Delivery Contract Lease Back (With Furniture)
