Prohibition of Transfer of Agreement Clause Samples
Prohibition of Transfer of Agreement. Redeveloper further agrees for itself, its successors and assigns, that prior to the Completion of the Phase 1 Project, as evidenced by the issuance of a Certificate of Completion, Redeveloper will not make or create, or suffer to be made or created, any assignment or other Transfer of its interests in this Agreement, without the prior written approval of the Township, except as provided in Section 8.1 above, Section 8.2 above or Section 8.4 below (including a Transfer as a result of a foreclosure or a deed in lieu given to a lender).
Prohibition of Transfer of Agreement. The Developer further agrees, for itself, its agents, and its representatives, that, except as may be permitted in Section 7.05, the Developer will not make or create, or suffer to be made or created, any assignment or other transfer of its interests in this Agreement, amended, without the prior written approval of the City Manager, which approval shall not unreasonably be withheld. Any transfer in violation of this Agreement, as amended, shall be deemed to be a Default by Developer and shall be null and void. Such Default shall entitle the City to seek all available remedies under the Agreement, as amended, including the right to terminate the agreement, and all other remedies available under the Agreement, as amended, and available by law.