Assignment and Subordination of Development Agreement Sample Contracts

AMENDED AND RESTATED ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT
Assignment and Subordination of Development Agreement • June 19th, 2024

DEVELOPMENT AGREEMENT (this “Agreement”), is made and entered into effective as of the day of June, 2024, by and among the HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY VILLAGE, MINNESOTA, a public body corporate and politic and political subdivision of the State of Minnesota (the “Authority”); the CITY OF ST. ANTHONY VILLAGE, a Minnesota municipal corporation (the “City”); DORAN SLV, LLC, a Minnesota limited liability company (the “Phase I Redeveloper”); DORAN ST. ANTHONY, LLC, a Minnesota limited liability company (the “Phase I Owner”) and DORAN SLV II, LLC, a Minnesota limited liability company (the “Phase II Redeveloper and Owner”; and POEDF LEVERED A, LLC, a Delaware limited liability company (the “Lender”).

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ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT
Assignment and Subordination of Development Agreement • August 13th, 2014 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

THIS Assignment And Subordination Of Development Agreement (this “Assignment”) is made and entered into effective as of July 1, 2014, by and among BR T&C BLVD., LLC, a Delaware limited liability company (“Borrower”) and MAPLE MULTI-FAMILY OPERATIONS, L.L.C., a Delaware limited liability company (“Developer”), for the benefit of COMPASS BANK, an Alabama banking corporation (“Compass”), and each of the financial institutions from time to time party to the Loan Agreement herein described (including Compass, the “Lenders”). Compass, in its capacity as Administrative Agent for itself and the other Lenders, is hereinafter referred to as “Agent”. Unless otherwise expressly set forth herein, Agent shall be deemed in all respects to be acting in the capacity of Agent for itself and all of the Lenders, as set forth in, and in accordance with, the Loan Agreement.

ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT
Assignment and Subordination of Development Agreement • September 16th, 2014 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

THIS ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT (this "Assignment") is made and entered into effective as of July 1 , 2014, by and among BR T&C BLVD., LLC, a Delaware limited liability company ("Borrower") and MAPLE MULTI- FAMILY OPERATIONS, L.L.C., a Delaware limited liability company ("Developer"), for the benefit of COMPASS BANK, an Alabama banking corporation ("Compass"), and each of the financial institutions from time to time party to the Loan Agreement herein described (including Compass, the "Lenders"). Compass, in its capacity as Administrative Agent for itself and the other Lenders, is hereinafter referred to as "Agent". Unless otherwise expressly set forth herein, Agent shall be deemed in all respects to be acting in the capacity of Agent for itself and all of the Lenders, as set forth in, and in accordance with, the Loan Agreement.

ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT
Assignment and Subordination of Development Agreement • February 24th, 2016 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

THIS ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENT (this “Assignment”) is made as of the 16th day of December, 2015, by CB OWNER, LLC, a Delaware limited liability company (“Assignor”), to and for the benefit of and in favor of THE PRIVATEBANK AND TRUST COMPANY, an Illinois state chartered bank in its capacity as administrative agent (in such capacity, referred to herein as “Assignee”), for and on behalf of The PrivateBank and Trust Company, in its capacity as a lender, together with any other lenders that acquire an interest in the Loan (defined below) after the date hereof (individually, a “Lender” and collectively, the “Lenders”).

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