LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assignee.
Appears in 4 contracts
Samples: Nicha’s Comida Mexicana Project Development Agreement, East Meadow Alley Project Development Agreement, Williams Historical National Museum Project Development Agreement
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s 's interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to notify the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assigneeDeveloper.
Appears in 4 contracts
Samples: The Andy Project Development Agreement, Broadway Jones Apartments Development Agreement, Village at Roosevelt Project Development Agreement
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s 's interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to notify the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment reimbursement to Developer or its permitted assigneeDeveloper.
Appears in 2 contracts
Samples: Healy Murphy Child Development Center Project Development Agreement, Alamo Inn
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assigneeDeveloper.
Appears in 2 contracts
Samples: Broadway East by Encore Development Agreement, Funding Agreement
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s 's interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to notify the City of all such assignments to a lending institution or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assigneeDeveloper.
Appears in 2 contracts
Samples: Nabors Project Development Agreement, MLK Place Project Development Agreement
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s 's interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to notify the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment only to Developer or its permitted assigneeDeveloper.
Appears in 1 contract
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Projectproject. Developer shall provide written notice to notify the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assignee.
Appears in 1 contract
LENDING INSTITUTIONS. Any restrictions in this Agreement on the transfer or assignment of the Developer’s interest in this Agreement shall not apply to and shall not prevent the assignment of this Agreement to a lending institution or other provider of capital in order to obtain financing for the Project. Developer shall provide written notice to notify the City of all such assignments to a lending or other provider of capital. In no event, shall the City and/or the Board be obligated in any way to the aforementioned financial institution or other provider of capital. The City shall only issue a check or other form of payment to Developer or its permitted assigneeDeveloper.
Appears in 1 contract
Samples: Project Development Agreement
