Common use of Conveyance and Assignment Clause in Contracts

Conveyance and Assignment. The City may convey, transfer and assign this Easement to a similar local, state or national organization whose purposes are to promote historic preservation, and which is a “qualified organization” under Section 170(h)(3) of the Internal Revenue Code of 1986, as amended, provided that any conveyance or assignment requires that the conservation purposes for which this Easement was granted will continue to be carried out. No such conveyance shall be deemed to impose any greater obligations on the Developer or any limitations on the Developer’s discretion and rights than is expressly stated in this Conservation Easement.

Appears in 2 contracts

Samples: Development Agreement, Development and Disposition Agreement

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Conveyance and Assignment. The City may convey, transfer and assign this Easement to a similar local, state or national organization whose purposes are to promote historic preservation, and which is a "qualified organization" under Section 170(h)(3) of the Internal Revenue Code of 1986, as amended, provided that any conveyance or assignment requires that the conservation purposes for which this Easement was granted will continue to be carried out. No such conveyance shall be deemed to impose any greater obligations on the Developer or any limitations on the Developer’s 's discretion and rights than is expressly stated in this Conservation Easement.

Appears in 1 contract

Samples: Development Agreement

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Conveyance and Assignment. The City may convey, transfer and assign this Easement to a similar local, state or national organization whose purposes are to promote historic preservation, and which is a “qualified organization” under Section 170(h)(3) of the Internal Revenue Code of 1986, as amended, provided that any conveyance or assignment requires that the conservation purposes for which this Easement was granted created will continue to be carried out. No such conveyance shall be deemed to impose any greater obligations on the Developer or any limitations on the Developer’s discretion and rights than is expressly stated in this Conservation Easement.

Appears in 1 contract

Samples: Development and Disposition Agreement

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