Development Agreements. (a) Prior to or contemporaneously with the Sale, MRY3 and MLP shall enter into the Development Agreements, substantially in the forms attached as Exhibit "G-1" and "G-2" relating to MLP's properties known as ▇▇▇▇▇▇▇ at Central Park and ▇▇▇▇▇▇▇ at Whitemarsh-Phase II. (b) In the event that before or after the Effective Time, all consents that are required to be obtained in order for MLP to assign to MRY3 the existing development agreement for the property known as ▇▇▇▇▇▇▇ at ▇▇▇▇▇▇ Station, MLP will assign such development agreement to MRY3 and enter into the Supplemental Developer's Fee Agreement substantially in the form of Exhibit "G-3." MRY3 shall be solely responsible for obtaining all necessary consents to the assignment which shall be in form and substance reasonably acceptable to Cornerstone.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Merry Land Properties Inc), Purchase and Sale Agreement (Cornerstone Realty Income Trust Inc)