Related Entity. Master Developer’s transfer of all or any part of the Property to any entity “related” to any Master Developer (as defined by regulations of the Internal Revenue Service), Master Developer’s entry into a joint venture for the development of the Project or Master Developer’ pledging of part or all of the Project as security for financing shall also not be deemed to be an “assignment” subject to the above-referenced approval by the Town unless specifically designated as such an assignment by Master Developer. Master Developer shall give the Town Notice of any event specified in this sub- section within ten (10) days after the event has occurred. Such Notice shall include providing the Town with all necessary contact information for the newly responsible party.
Appears in 9 contracts
Sources: Master Development Agreement, Master Development Agreement, Master Development Agreement
Related Entity. Master Developer’s transfer of all or any part of the Property to any entity “related” to any Master Developer (as defined by regulations of the Internal Revenue Service), Master Developer’s entry into a joint venture for the development of the Project or Master Developer’ pledging of part or all of the Project as security for financing shall also not be deemed to be an “assignment” subject to the above-referenced approval by the Town unless specifically designated as such an assignment by Master Developer. Master Developer shall give the Town Notice of any event specified in this sub- sub-section within ten (10) days after the event has occurred. Such Notice shall include providing the Town with all necessary contact information for the newly responsible party.
Appears in 2 contracts
Sources: Master Development Agreement, Master Development Agreement
Related Entity. Master Developer’s transfer of all or any part of the Property to any entity “related” to any Master Developer (as defined by regulations of the Internal Revenue Service), Master Developer’s entry into a joint venture for the development of the Project or Master Developer’ pledging of part or all of the Project as security for financing shall also not be deemed to be an “assignment” subject to the above-referenced approval by the Town County unless specifically designated as such an assignment by Master Developer. Master Developer shall give the Town County Notice of any event specified in this sub- sub-section within ten (10) days after the event has occurred. Such Notice shall include providing the Town County with all necessary contact information for the newly responsible party.
Appears in 1 contract
Sources: Master Development Agreement