Examples of Approved Assignment in a sentence
If there is an Approved Assignment, the Assignee shall assume and agree to pay and perform each and all of the terms and provisions hereof.
Any such assignment, sale, lease, mortgage, merger or other transfer which is consented to by the UG shall be an "Approved Assignment" and the assignee, purchaser, lessee, mortgagee or transferee shall be an "Assignee".
If there is an Approved Assignment, the Assignee shall assume and agree to pay and perform each and all of terms and provisions hereof.
If there is an Approved Assignment, the Assignee shall assume and agree to pay and perform each and all of the terms and provisions of this Agreement.
Any such assignment, sale, lease, mortgage, merger or other transfer requiring UG consent and which is consented to by the UG shall be an "Approved Assignment" and the assignee, purchaser, mortgagee or transferee shall be an "Assignee." The UG shall not unreasonably withhold, condition or delay its consent to any of the aforesaid.
The UG acknowledges, consents and hereby agrees to the assignment of the Agreement by Legends Apartments Legacy, LLC, a Kansas limited liability company, to Developer Legacy KCK Westside Venture, LLC as an Approved Assignment under Section 7.13 of the Agreement, subject to all of the terms and conditions thereof.
Existing Stockholders will bear their Applicable Percentage of the costs of any Approved Assignment to the extent such costs are incurred for the benefit of all Existing Stockholders.
Each Existing Stockholder will take all actions requested by the Existing Stockholders Representative in connection with the consummation of an Approved Assignment, including the execution of all agreements, documents and instruments in connection therewith requested by the Existing Stockholders Representative of such Existing Stockholder.
Upon the consummation of the Approved Assignment, each Existing Stockholder will receive their Applicable Percentage of such consideration, if any, relating to such Approved Assignment.
Owner, Developer or Subsequent Developer shall also remain obligated with respect to the dedication and installation of all associated infrastructure improvements regarding the On-Site Roads, Near-Site Roads and Off-Site Roads and the other public infrastructure to be provided by Owner, Developer and/or Subsequent Developer, as applicable under this Agreement, unless released in accordance with the provisions of Section VI(C) and the Approved Assignment of Rights (attached as Exhibit D).