Common use of Parties Required to Amend Clause in Contracts

Parties Required to Amend. Where a portion of Developer’s rights or obligations have been transferred, assigned, and assumed in accordance with this Agreement, the signature of the person or entity to whom such rights or obligations have been assigned shall not be required to amend this Agreement unless such amendment would materially alter the rights or obligations of such assignee, provided thirty (30) days’ prior written notice of any amendment is provided to such person or entity by the amending parties. In no event shall the signature or consent of any non-assuming assignee be required to amend this Agreement.

Appears in 7 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Parties Required to Amend. Where a portion of Developer’s Developers’ rights or obligations have been transferred, assigned, assigned and assumed in accordance with pursuant to Section 1.9 of this Agreement, the signature of the person or entity to whom such rights or obligations have been assigned shall not be required to amend this Agreement unless such amendment would materially alter the rights or obligations of such assignee, provided thirty (30) days’ prior written notice of any amendment is provided to such person or entity by the amending parties/transferee hereunder. In no event shall the signature or consent of any nonNon-assuming assignee Assuming Transferee be required to amend this Agreement.

Appears in 1 contract

Samples: Development Agreement

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