Common use of Amendment and Assignment Clause in Contracts

Amendment and Assignment. Neither party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

Appears in 7 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Amendment and Assignment. Neither This Agreement may not be amended or assigned by either party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken borrowing to be done in connection with respect to the carrying out of the Project, without further action on the part of the City.

Appears in 5 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

Amendment and Assignment. Neither This Agreement may not be amended or assigned by either party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

Amendment and Assignment. Neither party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the CompanyBank’s rights to receive the Payments hereunder may be assigned by the Company Bank to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

Appears in 1 contract

Samples: Agreement

Amendment and Assignment. Neither This Agreement may not be amended or assigned by either party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken with respect to the Private Project and the Infrastructure Project, without further action on the part of the City.

Appears in 1 contract

Samples: Development Agreement

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Amendment and Assignment. Neither This Agreement may not be amended or assigned by either party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken with respect to the Private Project and the Infrastructure Project, without further action on the part of the City.

Appears in 1 contract

Samples: Development Agreement

Amendment and Assignment. Neither party The parties hereto may not cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the CompanyProperty Owner’s rights to receive the Payments hereunder may be assigned by the Company Property Owner to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

Appears in 1 contract

Samples: Development Agreement

Amendment and Assignment. Neither party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party, which consent shall not be unreasonably withheld. However, the City hereby gives its permission that the CompanyDeveloper’s rights to receive the Payments proceeds of the Grant hereunder may be assigned by the Company Developer to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

Appears in 1 contract

Samples: Development Agreement

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