Common use of Transfers of Project; Assignment of Interest in this Agreement by the Company Clause in Contracts

Transfers of Project; Assignment of Interest in this Agreement by the Company. The County hereby acknowledges that the Company may from time to time and in accordance with applicable law, sell, transfer, lease, convey, or grant the right to occupy and use the Project, in whole or in part, or assign its interest in this Agreement, to others; provided, however, that any transfer by the Company of any of its interest in this Agreement to any other Person shall require the prior or subsequent written consent of the County Administrator (or his or her designee), which shall not be unreasonably withheld; and, provided further, that the assignee shall execute and deliver an assignment and assumption agreement in form and substance reasonably acceptable to the County Administrator (or his designee).

Transfers of Project; Assignment of Interest in this Agreement by the Company. The County hereby acknowledges that the Company may from time to time and in accordance with applicable law, sell, transfer, lease, convey, or grant the right to occupy and use the Project, in whole or in part, or assign its interest in this Agreement, to others; provided, however, that any transfer by the Company of any of its interest in this Agreement to any other Person shall require the prior or subsequent written consent of notification by the Project to the County Administrator (or his or her designee), which shall not be unreasonably withheld; and, provided further, that the assignee shall execute and deliver an assignment and assumption agreement in form and substance reasonably acceptable to the County Administrator (or his designee)as soon as practicable following its execution.