Common use of Purpose of Restrictions on Transfer Clause in Contracts

Purpose of Restrictions on Transfer. This Agreement is entered into for the purposes of negotiating the terms and conditions of leasing the Premises and the performance and completion of the Initial and Phased Improvements in accordance with the terms of this Agreement and the Lease The qualifications and identity of Developer are of particular concern to NPS, in view of the importance of the development of the Project to NPS. It is because of the qualifications and identity of Developer that NPS is entering into this Agreement with Developer and that a transfer or assignment of this Agreement is permitted only as provided in this Agreement.

Appears in 2 contracts

Sources: Lease Disposition and Development Agreement, Lease Disposition and Development Agreement

Purpose of Restrictions on Transfer. This Agreement is entered into for the purposes of negotiating setting forth the terms and conditions of the leasing of the Premises Historic Boat Shop and the performance and completion of the Initial and Phased Improvements in accordance with the terms of this Agreement and the Lease Agreement. The qualifications and identity of Developer are of particular concern to NPS, in view of the importance of the development of the Project to NPS. It is because of the qualifications and identity of Developer that NPS is entering into this Agreement with Developer and that a transfer or assignment of this Agreement is permitted only as provided in this Agreement.

Appears in 1 contract

Sources: Lease Disposition and Development Agreement