Common use of Assign Clause in Contracts

Assign. Developer shall not directly or indirectly assign or transfer any of Developer’s right or obligations on this Agreement without the express prior written consent of the LRA. No assignment shall be valid unless and until any permitted assignee (i) expressly assume in writing all, or so much, of the obligations of the Developer under this Agreement, as applicable to the rights, duties and obligations transferred, (ii) recertifies all representations and warranties of Developer as set forth in this Agreement, (iii) agrees to be subjected to all conditions and restrictions to which Developer is subject, and (iv) qualifies to do business in the Commonwealth Puerto Rico. Developer shall not be relieved or released in any manner whatsoever of its obligations under this Agreement, because of any assignment or transfer hereunder.