Common use of Pledge, Assignment or Security Interest Clause in Contracts

Pledge, Assignment or Security Interest. Except as provided in Section 7.1 hereof, and except for the purpose of securing financing for improvements by or on behalf of the Developer within the District or for an assignment to a successor entity, an affiliate entity or any other entity controlled by the Developer, the Developer shall not transfer or assign any portion of its rights in, to and under this Agreement without consent of the Town Council, which consent shall not be unreasonably withheld or delayed.

Pledge, Assignment or Security Interest. Except as provided in Section 7.1 hereof, and except for the purpose of securing financing for improvements by or on behalf of the Developer within the District or for an assignment to a successor entity, entity or an affiliate entity or any other entity controlled by the Developerentity, the Developer shall not transfer or assign any portion of its rights in, to and under this Agreement without consent of the Town CouncilCity, which consent shall not be unreasonably withheld or delayedwithheld.