Common use of Successors and Assigns; Third Party Beneficiary Clause in Contracts

Successors and Assigns; Third Party Beneficiary. This Agreement inures to the benefit of and binds the City’s and the Agency’s respective successors and assigns. Developer (and its Transferees) and Vertical Developers are intended third party beneficiaries of this Agreement. Except for Developer (and its Transferees) and Vertical Developers, this Agreement is for the exclusive benefit of the Parties and not for the benefit of any other Person and may not be deemed to have conferred any rights, express or implied, upon any other Person.

Appears in 4 contracts

Samples: Tax Increment Allocation Pledge Agreement, Tax Increment Allocation Pledge Agreement, Tax Increment Allocation Pledge Agreement

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