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be <br />-"214175 <br />2. The Grantee covenants and agrees for itself, its successors, <br />its assigns and every successor in interest that during construction <br />and thereaf•_er, the Grantee, its successors and assigns shall devote <br />the Property to the uses specified in the Redevelopment Plan, this <br />deed, Exhibit 'B" hereof (which :s incorporated herein by this <br />reference), and the DDA for the periods of time specified therein. <br />;"he foregoing covenant shall run with the land. <br />3. Prior to the recordation by the Crantor, as provided in the <br />DDA, of a Certificate of Completion of Construction, the Grantee shall <br />not, except as permitted by the DDA, sell, transfer, convey, assign or <br />lease the whole or any part of the Property or the buildings or <br />structures on the Property without the prior approval of the Grantor, <br />which approval will not be unreasonably withheld by Grantor. This <br />prohibition shall not apply subsequent to the recordation of a <br />Certificate of Completion with respect to the improvements upon the <br />Property. This prohibition shall not be deemed to prevent granting of <br />easements or permits to facilitate the development of the Site or to <br />prohibit or restrict the leasing and occupancy of any part, or parts, <br />of a building or structure with respect to which a Certificate of <br />Completion has been issued by the Grantor. Nothing in this paragraph <br />prohibits the grantee from leasing space for occupancy, subject to and <br />in accordance with the standards for tenants set forth in the Scope of <br />Development of the DDA. <br />Notwithstanding this Paragraph to the contrary, Grantee may sell, <br />transfer, can — y, assign or !�-sc the whole or any part of Parcels <br />Numr-re one (1) and three (3) as described in Exhibit "A" in,luding <br />any building or structure thereon prior to the re_ordation of a <br />Certificate of Completion. Grantor reserves the right to approve the <br />terms and conditions of such transfer 3r assignment and such approval <br />of the terms shall not be deemed to relieve Grantee or any other <br />parties from any obligations under the DUA with respect to said <br />parcels. <br />4. The Grantor shall have the additional right at its option to <br />repurchase, reenter and take possession of the Property with all <br />improvements thereon, if after conveyance of title and prior to the <br />recordation of the Certificate of Completion, the Grantee (or its <br />successor in interest) shall, in violation of the DDA but subject to <br />t:;e provisions of Section 604 of •1— DDA- <br />(a) Fail to proceed with the construction of the <br />improvements as required by the DDA for a period of three months <br />after written notice thereof from the Grantor; or <br />(b) Abandon or substantially suspend construction of the <br />improvements for a period of three months after written notice of <br />such abandonment or suspension from the Grantor; or <br />(c) Transfer, or suffer any involuntary transfer of the <br />Property, or any part thereof, in violation of the DDA. <br />0 <br />