Developer’s Rights definition
Examples of Developer’s Rights in a sentence
If all or any portion of the Project Site is transferred by Developer (“Transferred Property”) to any person or entity (a “Transferee”) the Transferee shall succeed to all of Developer’s Rights under this Agreement regarding the Transferred Property.
The Council has consented to the transfer of the Existing Developer’s Rights and Obligations to the New Developer and the parties have agreed to enter into this Deed to give effect to their common intentions.
Likewise, a default by a Transferee relating to the Transferred Property shall not be considered or acted upon by Town as a default by Developer regarding the Remaining Property and shall not affect Developer’s Rights regarding the Remaining Property.
Indemnification of the City 16 Section 6.02 Assignment of Developer’s Rights and Obligations and Transfer of Property 17 Section 6.03.
The Collateral Assignment of Developer’s Rights and Agreement With Respect to Condominium Documents made by Borrower to Lender.
Pursuant to that certain Assignment and Assumption of Obligations and Developer’s Rights and Agreements Regarding Lot 5 by and between SPI Bridgepointe Partners, LP, a California limited partnership, RS Bridgepointe, LLC, a California limited liability company, DW 3254 ▇▇▇▇▇▇, ▇▇, a California limited partnership, and Assignor dated November 10, 2017 and recorded November 14, 2017 as Instrument Number 2017-101136 in the Official Records, Assignor acquired the interests of Developer under the REA.
However, unless City in writing expressly consents to the Transfer and releases in writing Developer from Developer’s Rights in the Transferred Property, a Transfer to a Transferee of such Transferred Property shall not release Developer from any Rights relating to such Transferred Property (or the Project as a whole).
That certain Conditional Assignment of Condominium Unit Sales Contracts, Condominium Documents and Condominium Developer’s Rights executed of even date herewith by Borrower in favor of Lender, as the same may be amended, supplemented, extended, renewed, replaced and/or restated from time to time in accordance with its terms.
At such time as the Developer’s Rights cease, the Board of Directors may appoint two (2) members to the Architectural Review Board.