Common use of Transfer or Assignments Clause in Contracts

Transfer or Assignments. In the event of a sale or transfer of any portion of the Development, except to a bona fide residential home buyer of a completed owner-occupied home, the seller or transferor and the purchaser or transferee shall be jointly and severally liable for the performance of each of the obligations contained in this Agreement unless, prior to the transfer or the sale, a written agreement satisfactory to the Town delineating and allocating the various rights and obligations for the Subdivision Improvements has been approved and executed by the Town.

Transfer or Assignments. In the event of a sale or transfer of any portion of the Development, except to a bona fide residential home buyer of a completed owner-occupied home, the seller or transferor and the purchaser or transferee shall be jointly and severally liable for the performance of each of the obligations contained in this Agreement unless, prior to the transfer or the sale, a written agreement satisfactory to the Town delineating and allocating the various rights and obligations for the Subdivision Improvements has been approved and executed by the Town.

Transfer or Assignments. In the event of a sale or transfer of any portion of the Development, except to a bona fide residential home buyer of a completed owner-occupied home, the seller or transferor and the purchaser or transferee shall be jointly and severally liable for the performance of each of the obligations contained in this Agreement unless, prior to the transfer or the sale, a written agreement satisfactory to the Town delineating and allocating the various rights and obligations for the Subdivision Improvements has been approved and executed by the TownTown Council.

Transfer or Assignments. In the event of a sale or transfer of any portion part of the DevelopmentProperty, except to a bona bona-fide residential home buyer of a completed owner-occupied homebuyer, the seller or transferor and the purchaser buyer or transferee shall be jointly and severally liable for the performance of each of the obligations contained in this Agreement unlessSubdivision Improvement Agreement, unless prior to the transfer or the sale, a written sale an agreement satisfactory to the Town City, delineating and allocating between Developer and buyer or transferee the various rights and obligations for the Subdivision Improvements of Developer under this Agreement, has been approved and executed by the TownCity Council.

Transfer or Assignments. In the event of a sale or transfer of any portion of the Development, except to a bona fide residential home buyer of a completed owner-occupied home, the seller or transferor and the purchaser or transferee shall be jointly and severally liable for the performance of each of the obligations contained in this Agreement unless, prior to the transfer or the sale, a written agreement satisfactory to the Town delineating and allocating the various rights and obligations for the Subdivision Improvements has been approved and executed by the TownTown Board.