Transfers Void. Any transfer of the Redeveloper’s interest in violation of this Agreement shall be null and void ab initio and the Borough shall be entitled to seek all remedies available under the terms of this Agreement, including termination of this Agreement. In the event of an alleged violation of this provision by Redeveloper, Borough shall provide a notice of violation to Redeveloper which shall include a thirty (30) day right to cure any alleged violation by Redeveloper prior to the Borough taking any action seeking remedies against Redeveloper. In the absence of specific written consent by the Borough, no such sale, transfer, conveyance or assignment of the Project Area, Project Improvements, or any portion thereof, shall be deemed to relieve the Redeveloper from any obligations under this Agreement.
Appears in 3 contracts
Sources: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement