Developer Successor definition

Developer Successor means a successor-in-interest to Developer, each Vertical Developer and each Transferee of real property in the Project Site and their respective successors-in-interest of title to such real property.
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Developer Successor means any entity other than a Permitted Transferee that is a successor in interest or assign of Developer to all or any portion of Developer's interest in this Agreement, the ENA, DDA or all or any portion of the Project, including without limitation, any Lennar JV, any entity in which Lennar Communities or Lennar BVHP become a member, any person or entity that acquires a fee simple interest or a ground lease from Developer for the purpose of developing all or any portion of the Project, any vertical developers or retail developers participating in the Project.
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Developer Successor means any entity that is a successor in interest or assign of Developer to all or any portion of Developer’s interest in this Agreement, or all or any portion of the Project, including without limitation, any person or entity that acquires a fee simple interest or a ground lease from Developer for the purpose of developing all or any portion of the Project, any vertical developers or retail developers participating in the Project.14
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Examples of Developer Successor in a sentence

  • Developer shall be relieved of any obligations under this Agreement as a result of any such Transfer to the extent, but only to the extent, that Developer Successor assumes such obligations in an Assumption Agreement that satisfies Section 7.2, above, a copy of which shall be delivered to Lead Organizations.

  • Prior to the execution of any Assumption Agreements between Developer and any Developer Successor, Developer and Lead Organizations shall also meet and confer regarding such agreements to confirm the mechanism by which Developer Successor shall assume all obligations of Developer pursuant to this Agreement in order to ensure that this Agreement is implemented by any Developer Successor as intended by the Parties.

  • In such case neither Developer nor any owner of a different interest in the Project shall be liable for any breach of this Agreement by such Developer Successor, solely with respect to the interest being transferred.

  • Successor Agency‌ Upon reasonable prior notice to Developer, Successor Agency, the City, and their respective representatives will have the right to enter upon the Site at reasonable times, with 48 hour prior notice, at no cost or expense to Successor Agency or the City during normal business hours, during the period of construction of the Improvements to the extent necessary to carry out the purposes of this Agreement, including inspecting the work of construction of the Improvements.

  • This Agreement is not subject to negotiation by PHA, Master Developer, Successor Owner or any lender with a secured interest in the Disposition Property.

  • Following approval by City and full execution of a novation (or other such release or assignment and assumption agreement(s) entered into by Developer, Successor and City), posting of satisfactory Improvement Securities and submission of required insurance by Successor, City shall release or reduce the securities posted by Developer in accordance with the provisions of such novation and release Developer of its obligations under this Agreement.

  • Nothing in the novation (or other such release or assignment and assumption agreement entered into by Developer, Successor and City) shall relieve Developer of its obligations under any other Section of this Agreement for work or Deferred Improvements performed by Developer prior to the novation.

  • At the recordation of a Final Plat or other document of conveyance for any Property sold to a Successor Developer, Successor Developer shall provide the City a report showing the ownership of the Property sold, the portion of the Development Units and/or other type of use transferred with the Property, the amount of the Development Units remaining with the Developer.

Related to Developer Successor

  • Business Successor means (i) any former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of business or division of a Subsidiary of the Company.

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • Division Successor means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

  • Term SOFR Successor Rate has the meaning specified in Section 3.03(b).

  • Qualified Successor means a person who is entitled to ownership of an Option upon the death of an Optionee, pursuant to a will or the applicable laws of descent and distribution upon death;