Purpose of Restrictions on Transfer. (a) This Agreement is entered into solely for the purpose of the development and operation of the Development and its subsequent use in accordance with the terms hereof. The Developer recognizes that the qualifications and identity of Developer are of particular concern to the City, in view of:
Purpose of Restrictions on Transfer. This Agreement is entered into for the purpose of providing the Borrower with the AHIF Loan to help facilitate the acquisition, construction, renovation, and operation of the Property by the Borrower or its successors or permitted assigns in accordance with the terms of this Agreement and the other AHIF Loan Documents. The qualifications and identity of APAH and the Borrower or its successors or permitted assigns, as approved by the County Board, is of particular concern to the County Board, in view of:
Purpose of Restrictions on Transfer. This Agreement is entered into solely for the purpose of development and operation of the Project on the Property and subsequent use in accordance with the terms of this Agreement. The qualifications and identity of the any future Collaborating Partners and are of particular concern to the City, in view of:
Purpose of Restrictions on Transfer. This Agreement is entered into for the purpose of providing the Borrower with the CDBG Loan to help facilitate the acquisition, construction, renovation, and operation of the Property by the Borrower or its successors or permitted assigns in accordance with the terms of this Agreement and the other CDBG Loan Documents. The qualifications and identity of RHFFI and the Borrower or its successors or permitted assigns, as approved by the County Board, is of particular concern to the County Board, in view of:
Purpose of Restrictions on Transfer. This Agreement is entered into solely for the purpose of the development and operation of the Development and its subsequent use in accordance with the terms hereof. The Developer recognizes that the qualifications and identity of Developer are of particular concern to the County, in view of:
Purpose of Restrictions on Transfer. This Lease is granted to Developer solely to develop the Project and its subsequent use according to the terms hereof, and not for speculation in landholding. Developer recognizes that, in view of the importance of developing the Project to the general welfare of the City and the general community, the Developer’s qualifications and identity are of particular concern to the community and the City. Accordingly, Xxxxxxxxx acknowledges that it is because of such qualifications and identity that the City is entering into this Lease with Xxxxxxxxx, and, in so doing, the City is further willing to accept and rely on the Developer’s obligations for faithfully performing all its undertakings and covenants.
Purpose of Restrictions on Transfer. This Agreement is entered into for the purpose of the Borrower's loan modification in accordance with the terms of this Agreement. The qualifications and identity of the Borrower are of particular concern to the Agency, in view of:
Purpose of Restrictions on Transfer. Subject to the provisions of this Article 10, this Lease is granted to Tenant solely for the purpose of development of the Land and its subsequent use in accordance with the terms hereof, and not for speculation in landholding. Tenant recognizes that, in view of the importance of the development of the Land to the general welfare of the community, the qualifications and identity of Tenant are of particular concern to the community and Owner. Tenant further recognizes that it is because of such qualifications and identity that Owner is entering into this Lease with Tenant and, in so doing, is further willing to accept and rely on the obligations of Tenant for the faithful performance of all undertakings and covenants by it to be performed. Section 10.2
Purpose of Restrictions on Transfer. 48 Section 5.2 Transfers 49
Purpose of Restrictions on Transfer. This Lease is granted to JoePC solely to develop the Complex, and to establish and stabilize its subsequent operations according to the terms hereof, and not for speculation in landholding or development. JoePC recognizes that, in view of the importance to the general welfare of the City and the community of properly developing the Complex and maintaining and operating the Complex and related activities, the qualifications of JoePC’s parent, St. Xxx, are of particular interest to the community and the City. JoePC acknowledges that only because of St. Joe’s experience, reputation, financial strength, unique assets, and other well-known qualifications and identity that the City is entering this Lease with JoePC, and, in so doing, that the City is relying not merely on JoePC’s obligations to faithfully perform all its undertakings and covenants expressed and necessarily implied in this Lease, but also on St. Joe’s interest in JoePC and St. Joe’s unconditional guarantee of JoePC’s performance of those things.
