Transferee Experience Sample Clauses

Transferee Experience. With regard to any proposed Transfer under this Section 11, Developer shall provide information to demonstrate the Transferee’s development experience if the Transfer includes any real property in which the Community Improvements or Stormwater Improvements have not yet been Completed, together with any additional information reasonably requested by the City. If Developer intends to Transfer less than all of Developer’s remaining rights and obligations under this Agreement, then Developer shall use good faith efforts to allocate and assign obligations and responsibilities in accordance with the Proportionality, Priority and Proximity Requirement. Without limiting the foregoing, Developer and each Transferee must satisfy the BMR Requirement and the Replacement Unit requirements (if any) with respect to the land owned by it (including but not limited to completion of any BMR or Replacement Units in Affiliated Projects located on or off the Transferred Property designated to fulfill the BMR Requirement or Replacement Unit requirements for the Transferred Property). Each Transfer shall be subject to the City’s prior consent as described in and subject to the limitations set forth in Section 11.1 above.