Release of Property Owner. With respect to a transfer and assignment of the Developer’s interest in the Property and the related rights and obligations hereunder, upon the effective date of any such transfer and assignment, as evidenced by the execution of an Assignment Agreement pursuant to this Section 7.7.3 between Developer and the Transferee and delivery of such Assignment Agreement to the City, Developer shall automatically be released from any further obligations to the City under this Agreement with respect to the Property so transferred.
Appears in 4 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
Release of Property Owner. With respect to a transfer and assignment of the all or a portion of Developer’s interest in the Property and the related rights and obligations hereunder, upon the effective date of any such transfer and assignment, as evidenced by the execution of an Assignment Agreement pursuant to this Section 7.7.3 between Developer and the Transferee and delivery of such Assignment Agreement to the City, Developer shall automatically be released from any further obligations to the City under this Agreement with respect to the Property so transferred.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Release of Property Owner. With respect to a transfer and assignment of the Developer’s interest in the Property and the related rights and obligations hereunder, upon the effective date of any such transfer and assignment, as evidenced by the execution of an Assignment Agreement pursuant to this Section 7.7.3 7.7 between Developer and the Transferee and delivery of such Assignment Agreement to the City, Developer shall automatically be released from any further obligations to the City under this Agreement with respect to the Property so transferred.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Release of Property Owner. With respect to a transfer and assignment of the Developer’s interest in the Property and the related rights and obligations hereunder, upon the effective date of any such transfer and assignment, as evidenced by the execution of an Assignment Agreement pursuant to this Section 7.7.3 between Developer and the Transferee and delivery of such Assignment Agreement to the City, Developer shall automatically be released from any further obligations to the City under this Agreement with respect to the Property so transferred.released
Appears in 1 contract
Samples: Development Agreement
