Common use of Other Entities Clause in Contracts

Other Entities. The EDA with Developer will be non-assignable by Developer without the consent of the RDC and FDC. The RDC and FDC agree that Developer may enter agreements with and utilize or partner with other entities which are wholly owned by Developer, or wholly owned by Developer and its owners (Rob and Xxx Xxxxxxxxxx), (such entities known as “Affiliate Entities” to (a) work on the Project development, (b) hold the Property title and serve as lessor of the Property, and (c) hold the hotel and/or housing assets and operate the business located on the Property. Developer will remain responsible under the EDA for the completion of all duties imposed under the EDA. Developer may form a subsidiary LLC to accept and own title to the Property at Closing and this entity may later operate as the owner and lessor of the Property when it is occupied. Developer and its owners may also form and work with other affiliated entities to assist with the Project development.

Other Entities. The EDA with Developer will be non-assignable by Developer without the consent of the RDC and FDC. The RDC and FDC agree that Developer may enter agreements with and utilize or partner with other entities which are wholly owned by Developer, or wholly owned by Developer and its owners (Rob Xxx and Xxx Xxxxxxxxxx), (such entities known as “Affiliate Entities” to (a) work on the Project development, (b) hold the Property title and serve as lessor of the Property, and (c) hold the hotel and/or housing assets and operate the business located on the Property. Developer will remain responsible under the EDA for the completion of all duties imposed under the EDA. Developer may form a subsidiary LLC to accept and own title to the Property at Closing and this entity may later operate as the owner and lessor of the Property when it is occupied. Developer and its owners may also form and work with other affiliated entities to assist with the Project development.

Other Entities. The EDA with Developer will be non-assignable by Developer without the consent of the RDC and FDCFDC and BOW. The RDC and FDC agree that Developer may enter agreements with and utilize or partner with other entities which are wholly owned by Developer, or wholly owned by Developer and its owners (Rob and Xxx Xxxxxxxxxx)owners, (such entities known as “Affiliate Entities” to (a) work on the Project development, (b) hold the Property title and serve as lessor of the Property, and (c) hold the hotel and/or housing assets and operate the business located on the Property. Developer will remain responsible under the EDA for the completion of all duties imposed under the EDA. Developer may form a subsidiary LLC to accept and own title to the Property at Closing and this entity may later operate as the owner and lessor of the Property when it is occupied. Developer and its owners may also form and work with other affiliated entities to assist with the Project development.