Examples of Development Rights and Obligations in a sentence
Upon the assignment or transfer by Developer of the Development Rights and Obligations, then the assigning Developer shall not have any responsibility or liability under this Agreement.
The Developer, or any subsequent developer, shall be entitled to assign and delegate the Development Rights and Obligations to a subsequent purchaser of all or any portion of the Property with the consent of the City, provided that such consent shall not be unreasonably withheld or delayed.
The City understands that any such assignment or transfer by the Developer of the Development Rights and Obligations shall be non-recourse as to the assigning Developer.
Description of Agreements with the Developer: Assignment and assumption Agreement for TIFC Development Rights and Obligations between Tower Properties Company, 911 E.
Description of Agreements with the Developer: Funding agreement with Tower Properties Company 6/6/95; Master Agreement between TIFC and Tower Properties Company 1/4/96; MOA 1/4/906; Acquisition Funding Agreement between TIFC and Tower Properties 4/16/97; Assignment and assumption Agreement for TIFC Development Rights and Obligations between Tower Properties Company, 911 E.
It is the express intent of Developer, and the understanding and acknowledgement of Town, that Developer will assign, without recourse, all Development Rights and Obligations to successor Developer(s).
This Transfer of Development Rights and Obligations policy supplements existing planning and land use regulations and policy objectives by allowing for the reallocation of development rights from donor sites to receiver sites.
The Developer shall be entitled to assign and delegate the Development Rights and Obligations to a subsequent purchaser of all or any portion of the Property without the consent of the Town, provided that the Developer complies with the above notice provisions.
Assignor shall have the right to enforce the provisions of this Assignment and Assignee's obligations under the Assigned Development Rights and Obligations by any appropriate legal or equitable actions and remedies in the event of any delay, failure to perform or breach by Assignee under the provisions of this Assignment or the Assigned Development Rights and Obligations assumed by Assignee.
The City understandsthat any such assignment or transfer by the Developer of the Development Rights and Obligations shall be non-recourse as to the assigning Developer.