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CCP 06-15-1992
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CCP 06-15-1992
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5/8/2007 1:09:07 PM
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11/6/2006 2:39:46 PM
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<br /> --- Section 7 .3. Prohibition A~ainst Transfer of Partnership <br /> Interests. Also for the foregoing reasons the Developer represents <br /> and agrees that prior to the Termination Date, and without the <br /> prior written approval of the City, there shall be no transfer by <br /> any general partner of the Developer of its general partnership <br /> interests in the Developer. With respect to this provision, the <br /> Developer and the parties executing this Agreement on behalf of the <br /> Developer represent that they have the authority of all of the <br /> existing general partners to ag ree to this provision on their <br /> behalf and to bind them with respect hereto. <br /> Section 7.4. Approvals. Any approval required to be given by <br /> the City under this Article VII of this Agreement may be denied <br /> only in the event that the City reasonably determines that the <br /> ability of the Developer to perform its obligations under this <br /> Agreement will be materially impaired by the action for w/lich <br /> approval is sought. <br /> . <br /> - <br /> - <br /> 18 <br />
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