SALE OF DEVELOPMENT. If Great Lakes (or one of its Affiliates including Designees) sells, transfers, assigns or otherwise disposes of a controlling interest in a Development (whether by sale of stock or other equity interests in an Affiliate, sale of assets, or merger) (the "Sale"), the acquirer of such controlling interest in the Development (the "Acquirer") must expressly assume in writing the obligations of Great Lakes to pay Development Fees with respect to that Development through the Development Fee Payment Period which is or would otherwise be payable for that Development in accordance with the terms of this Agreement and provided further, Great Lakes shall not be released from monetary liability under this Agreement and shall continue to be obligated to Tall Pines as if the Sale never took place unless Tall Pines releases, in writing, Great Lakes from that obligation. It is the intent of the Parties that any successor, purchaser or assignee to Great Lakes' interests hereunder be obligated to continue the payments of Development Fees to Tall Pines. Tall Pines shall receive the Development Fees and Consulting Fees notwithstanding a Sale, merger, transfer, assignment or any other transaction which would effectively transfer Great Lakes' rights in whole or in part to a third party or separate entity.
SALE OF DEVELOPMENT. In the event Developer may determine to sell all or part of its Property, Developer may sell, transfer, assign, or convey all or part of its allocation of Road Impact Fee Credits to such purchaser, transferee, assignee or grantee for use only within the Concurrency Development for such consideration as Developer determines. In such event, Developer, shall execute and deliver to the County, a copy of the instrument selling, transferring, assigning or granting their allocation of the Road Impact Fee Credit, or portion thereof to a Fee Payer. Developer acknowledges that only one Impact Fee Credit account may exist at any given time for the Concurrency Development.
SALE OF DEVELOPMENT. If Developer sells property before the end of commitment period outlined herein, Developer shall contribute to ACCORD the remaining amount of the unpaid commitment.
SALE OF DEVELOPMENT. The Developer shall not, without the prior written consent of the Agency (except as provided in Section 8 of the Land Use Restriction Agreement), voluntarily sell, lease, exchange, transfer, assign, convey or otherwise dispose of all or substantially all of the Development and Developer's principals shall not sell, exchange, assign, convey, transfer or otherwise dispose of all or a controlling interest in the Developer.
