Transfers to Active Adult Developer Sample Clauses

Transfers to Active Adult Developer. With the prior written consent of the City, which shall not be unreasonably withheld or delayed, the Active Adult Development Parcels shown on the Master Land Use Plan may be transferred, from time to time, to a transferee(s) provided that at the time of such transfer such transferee(s) (i) acknowledges it is subject to this Agreement and any subsequent amendment or modification thereto and (ii) agrees to develop at the time of such transfer in accordance with the Agreement and any subsequent amendment or modification thereto. Said transferee shall be an Owner as defined herein, but not a Party to this Agreement. Further, said transferee(s) is not responsible or liable for the development obligations and requirements agreed upon by the Master Developer. If Master Developer defaults on any obligations or requirements in this Agreement, such transferee(s) will not be prohibited from developing within the Active Adult Community. The Active Adult Developer shall also comply with the Entitlement Applications and conditions thereto approved by the City for the development of the Active Adult Community.
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Related to Transfers to Active Adult Developer

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