Laserfiche WebLink
F. Information as to Interest. The Developer agrees that during the period between <br />execution of this Contract and the Commission's issuance of the Certificate of Completion, the <br />Developer will promptly notify the Commission of any and all changes in the ownership of shares or <br />partnership interest, or any other act or transaction involving or resulting in any change in the <br />ownership of such interest in the Developer or the relative distribution thereof, of which it or any of <br />its officers have been notified or otherwise have knowledge or information, and which results in the <br />ownership of 50% or more of all outstanding equity of the Developer by persons who are not <br />presently shareholders, members or partners of the Developer. <br />SECTION VIII. RESERVED. <br />SECTION IX. REMEDIES. <br />A. In General. Except as otherwise provided in the Contract, upon any default in or <br />breach of the Contract by either party or any successor to such party, such party (or successor), upon <br />written notice from the other, shall proceed immediately to cure or remedy such default or breach <br />within thirty (30) days after receiving the notice. If action is not taken or not diligently pursued or <br />the default or breach is not cured or remedied within a reasonable time, the aggrieved party may <br />institute proceedings necessary or desirable in its opinion to cure and remedy the default or breach, <br />including, but not limited to, proceedings to compel specific performance by the party in default or <br />breach of its obligations. <br />B. Termination by Developer Prior to Conveyance. <br />1. If the Commission does not tender conveyance or possession of the Property <br />in the manner and condition and by the date provided in the Contract, and <br />any such failure is not cured within forty -five (45) days after the date of <br />written demand by the Developer, the Contract shall be terminated at the <br />option of the Developer, by written notice to the Commission, and, except for <br />return of any Deposit, neither the Commission nor the Developer shall have <br />any further rights against or liability to the other under the Contract: <br />C. Termination by Commission Prior to Conveyance. <br />In the event that: <br />1. prior to conveyance of the Property to the Developer and in violation of the <br />Contract: <br />a. the Developer (or successor in interest) assigns or attempts to assign <br />the Contract or any rights therein or the Property, or <br />b. there is any change in the ownership of the Developer or with respect <br />to the identity of the parties holding partnership interest in the <br />7 <br />