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(3) <br /> <br /> HUO.0209S <br /> <br />under the Agreement and ag~,.ed tn be subj~¢*L to a~t the <br />condition8 an~ ru~;LrtcLtons Lo *~ht~:h the ~edevetopt~r <br />subje(~t (or~ !n Ihe ew~nL the tr~i~er Is of or relates to <br />part of the ProperLy~ ~;uc:h obligaL~ons~ condltion~ and <br />restrictions Lo Lbs extent that l.hey relat& LO suth part): <br />~rovided, That thc fact that any Lr~sferee of~ or <br />other successor tn ln~eresL whatsoever to, the Property, <br />or ~y part thereof, sha1~, ~hatever the reason~ /~ot have <br />ass~ed such obl[gaLlon~ or so agreed, shall not (unless <br />~d only to Lht~ exit. aL ot.her~lse specifically provided <br />the ~reemenC or a~reed :o In writing by the ~encY) <br />relieve or except n~rh tr~sf~ree or sUqcessor of or From <br />such obkigaLlon0, (:ondlLtons~ or restrictions, or deprive <br />or limit the ~ency or or with respect to ~y rights or <br />remedies or coni, roks with respect Lo the ProperLy or the <br />construction of Lbs Improvements; it being the intent of <br />thls, Lo&ether with other provtslons of Lbs ~reement <br />that (to the fullest extent p.e~lLLed by ].aw ~d equity <br />~d excepting only in the m~ner ~d Lo :he exLe~L <br />specifically provided ot.herwlse in the ~ree~nt) no <br />tr~sfer of~ or ~:h~ge w~Lh respect LO, o~ership In the <br />Property or ~y part Lh,~reof, or ~y Interest. therein,' <br />however consisted or occurrln&~ and whether voluntar~ <br />involuntary, sl~at~ operate, Ie&a~1y or practically, <br />deprive or limit the Agency of or with red,ecL to ~y <br />rights or'remedies or ~:ontrolo provided In or <br />from the ~reement with respe~:t LO the Property m~d the <br />construction of the ~provemenLs that the Age,ney wou:d have <br />had, h~ there been no such Lr~sfer or <br /> <br />~ere' shak~ be submitted LO the Agency for review <br />Instruments ~d other legal doc~enLa Involved tn affecting <br />tr~sfer; ~d if appreved by the ~ency, its approval sh~11 <br />be lnd~ca%ed Lo the Redeveloper In <br /> <br />The consideration payable for the* transfer by the transferee <br />or on Its behalf shall not exceed an amongst representing the <br />actual cost (Including carrying charges) ~ the Redeveloper <br />of the Property (or allocable to the part thereof or interest <br />therein transferred) and the XmprovemenLs~ If any;' <br />theretofore made thereon by it; iL being the intent of this <br />provision Lo prec[,~de assignment of the Agreement or transfer <br />of t~e Properi.y (or any parts thereof other than those <br />re£ern;d Lo In sub~llvision (2), Paragraph (a) of this Section <br />~03) for profit prior LO thc completion of the Improvements. <br />and Lo provtdt, Lh.~l In the ,~venL any such afl:;lgnmenL or <br />transfer is med,. (and is scl ran,'eled), the Agency shall be <br />e[~LILlnd LO tnrr~'flse t.hc Pure'base Price to the Bedeveloper by <br />the amount LhaL the con.~ldcration payable £or the assignment <br />or transfer tn in express o£ the ~ounL that may be authorized <br />pursuit Lo this s~bdivlslon (b), ~d such consideration <br />shall~ Lo the extent iL Is tn ex~:esa of the ~ount so <br />authorized, belong to ~d forthwith be paid to the ~ency. <br /> <br /> <br />