Common use of Transfer of Easement Clause in Contracts

Transfer of Easement. A. Grantee agrees to notify Grantor in writing at least thirty (30) days in advance of the transfer of this Conservation Easement to another conservation organization as further described in this Section. Grantee and the Grantor agree that this Conservation Easement may be transferred by Grantee to a "Qualified Organization" under Section 170(h) of the U.S. Internal Revenue Code, and under the New York State Environmental Conservation Law, and only if the agency or Organization expressly agrees to assume the responsibilities imposed on the Grantee by the Conservation Easement and only with prior written approval from the City.

Transfer of Easement. A. (24.a) Grantee agrees to notify Grantor in writing at least thirty (30) days in advance of the transfer of this Conservation Easement to another conservation organization as further described in this Section. Grantee and the Grantor agree that this Conservation Easement may be transferred by Grantee to a "Qualified Organization" under Section 170(h) of the U.S. Internal Revenue Code, and under the New York State Environmental Conservation Law, and only if the agency or Organization expressly agrees to assume the responsibilities imposed on the Grantee by the Conservation this Easement and only with prior written approval from the City.