Common use of Assignment by Developer Clause in Contracts

Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.

Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.

Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon notice to the TIF Division and approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.