Common use of Xxxx Purchase Clause in Contracts

Xxxx Purchase. Subject to the terms and conditions of this Agreement, Developer or an affiliate (an entity controlled by Developer or its majority member) of Developer will purchase the Bonds. Notwithstanding the foregoing, Developer and its affiliate reserve the right to transfer the Bonds at any time provided such transferor complies with all applicable securities laws. If an affiliate of the Developer purchases the Bonds, the affiliate must execute an agreement with the Town which binds the affiliate to the terms and conditions of this Agreement.

Xxxx Purchase. Subject to the terms and conditions of this Agreement, the Developer or an affiliate (an entity controlled by of the Developer or its majority member) shall purchase or, in Developer’s sole discretion arrange for the purchase of Developer will purchase the Bonds. Notwithstanding the foregoing, Developer and its affiliate affiliates reserve the right to transfer the Bonds at any time time, provided such transferor complies with all applicable securities laws. If an affiliate ; and in connection with such purchase and potential transfer of the Developer purchases Bonds the Bonds, the affiliate must execute an parties shall enter into a developer obligations agreement with the Town which binds the affiliate in a form reasonably satisfactory to the terms and conditions of this Agreementparties.

Xxxx Purchase. Subject to the terms and conditions of this Agreement, the Developer or an affiliate (an entity controlled by Developer or its majority member) of the Developer will purchase or, in Developer’s sole discretion arrange for the purchase of the Bonds. Notwithstanding the foregoing, Developer and its affiliate affiliates reserve the right to transfer the Bonds at any time provided such transferor complies with all applicable securities laws. If an affiliate of the Developer purchases the Bonds, the affiliate must execute an agreement with the Town which binds the affiliate to the terms and conditions of this Agreement.