Release Upon Transfer. Upon Transfer, in whole or in part, of Developer's rights and interests under this Agreement under Section 12.1 above, Developer shall be released from all obligations with respect to the Property - Lot or Parcel so Transferred, so long as said Transfer was in compliance with Section 12.1 above and the Transferee assumes all of Developer’s then- remaining obligations.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement