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<br />.
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<br />f."
<br />
<br />HUD"61f\t3
<br />(9..5>;i)
<br />
<br />under the Agreement and agreed to be subject to a.ll the
<br />contli Lions !',nd 1""1)t::-ict10ns to which the Redeveluper is
<br />subject (or, in the event the tranofer is of or rel'ltes t,
<br />pnrt of the FroF~rty, such oblig'ltions, condioions, and
<br />restrictions to the extent that they relate to such paro):
<br />'l'bn.t the faet that any tr$~nsferee of, Qr Bony
<br />succe,-,sor in in,erest whatsoever to, the Property,
<br />or e\ny thereof, shall, "lmtever the reason, not hr.';,"
<br />such obligati0ns or sO agreed, shall not (unless
<br />eJld only to the extent otherwise ,specifically provid0.J. in
<br />the Agreement or agreed to in writing by the Agency)
<br />relieve or except such trMnferee or successor of or from
<br />such obligations, conditions, or restrictions, or deprive
<br />or limit the Agency of or with respect to any rights or
<br />re~edles or controls with respect to the Property or the
<br />construct:l.on of the Improvemen'ts; it being the intent of
<br />this, together with other provisions of the Agreement,
<br />that (to the fullest extent permitted by law and equity
<br />and excepting only in the manner and to the ex'tent
<br />spec11'ically prOVided othenrine in the J\.greement) no
<br />transfer of, or change with respect to, ownership in the
<br />Property or any pnrt thereof, or any interest therein,
<br />however consU!lllll!1ted or occurring, Md whether voluntary 01'
<br />involuntcry, shall Opel" ,legally or practically, to
<br />deprive or lilllit the cy of or with respect to y
<br />rights or re~~dies or otr018 provided in or 1"0 ing
<br />trom the Agreement with respect to the Property d the
<br />.construction of the Im:provcments that the Agency would have
<br />had, had there been no such transfer or change.
<br />
<br />(3)
<br />
<br />There shall be submitted to the Agency for review all
<br />1nl>trUl!ients l'k~d other legal doc=ents involved in et'fect..!ng
<br />transfer; snd if !l.pproved by the Agency, its approval shnl1
<br />be indicated to the Redeveloper in wTi.ing.
<br />
<br />(4)
<br />
<br />The consideration payable for the transfer by the transfe!'u'
<br />or on its bchnJ.f shall not eJtceed an llmount represent.ing "J,.
<br />$ctual cost (including carry:lng charges) '\,0 the Redeveloper
<br />of the Property (or allocable to the part thereof or inter0f!t
<br />therein trMsferred) and the Improvements, if MY,
<br />theretofore mAde thereon by it; it being the intent of tni,
<br />provision to preclude assignment of the Agreement. or tr~i.'.3)' '{'
<br />of the Property (or ~~y parts thereof other than those
<br />to in (2), (a) of th1s Sectir'\
<br />
<br />";'~ f~{W,o<~,~,!::l,,~::,,; of t~le
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<br />- 11 -
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