Agmt99 Peninsula Habitat... (2) - Laserfiche WebLink

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, � successor to the Agency or to its rights, powers and responsibilities under this Agreement . b. The Developer is Peninsula Habitat for Humanity, a California non-profit corporation. Within thirty (30) days of the date of this Agreement, the Developer shall provide to the Agency satisfactory evidence of the legal formation and existence of the Developer as a non-profit corporation and the good standing of the Developer with the State of California (the "State") to transact business within the State, to hold title to the Property and to de�relop the Project, as hereinafter defined. Failure to maintain its status as a non-profit corporation shall be grounds for terminating this Agreement and acceleration of the Note, as defined below. Section 1 . 04 . Prohibition Against Chanae in Ownership, Manaaement and Control of Developer, or Assignment of Agreement . a. The qualifications and identities of the persons and entities comprising the Developer are of particular concern to the Agency. It is because of these qualifications and identities of the Developer that the Agency has entered into this Agreement with the Developer. No voluntary or involuntary successor in interest of the Developer shall acquire any rights or powers under this Agreement, except as expressly set forth herein. b. Except as otherwise provided in this Agreement, the Developer shal-1 not assign all or any part of this Aqreement prior to the issuance of a final Certificate of Completion, as provided in Section 3 . 07, applicable to all portions of the Property and the Project, without the prior written approval of the Agency, which approval shall not be unreasonably withheld. c. The Developer shall promptly notify the Agency in writing of any and all changes whatsoever in the identity of the parties either comprising or in control of the Developer, as well as any and all changes in the interest or the degree of control of the Developer by any such party, of which information the Developer or any of its members, officers or shareholders has been notified or may otherwise have knowledge or information. This Agreement may be terminated by the Agency if there is any significant or material change, whether voluntary or involuntary, in membership, ownership, ` '' management or control of the Developer (other than such changes j ; occasioned by the death or incapacity of any individual) that has ' � not been approved by the Agency at the time of such change, prior � � to issuance of a final Certificate of Completion for the Project; provided, however, that : (a) the Agency shall first notify the REDW\0006\DOC\013-6 2 3/08/05 mvc