Purchase Agreements. The Developer shall not execute any deed conveying title to the entirety of or any portion of the Site (excluding any deed for the condominiums) unless (i) the Developer and the entity receiving title have executed a purchase agreement governing conveyance of title, and (ii) under that purchase agreement, the entity receiving title assumes as binding legal obligations all responsibilities of the Developer under this Agreement.
Appears in 3 contracts
Samples: Hollywood and Vine, Community Benefits Agreement, Community Benefits Agreement
Purchase Agreements. The Developer shall not execute any deed conveying title to the entirety of or any portion of the Site (excluding any deed for the condominiums) unless (i) the Developer and the entity receiving title have executed a purchase agreement governing conveyance of title, and (ii) under that purchase agreement, the entity receiving title assumes assumes, as binding legal obligations obligations, all responsibilities of the Developer under this Agreement.
Appears in 1 contract
Samples: Community Benefits Agreement
