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0 <br /> Approvals and this Agreement incorporate sufficient provisions to permit County to monitor <br /> adequately and respond to changing circumstances and conditions in undertaking actions to carry <br /> out the Existing Approvals. 0 <br />! 1.5.2.D. Upon termination of this Agreement for any reason, the <br /> County shall cause notice of termination to be recorded in the Official Records of the County of <br /> San Joaquin. <br /> 1.5.3. Subsequent Amendments or Termination. If the Term of this Agreement is 0 <br /> extended as provided in Section 1.5.2. hereof, or if the parties amend or cancel this Agreement as <br /> herein provided, or as otherwise provided by the Development Agreement Legislation or the <br /> Development Agreement Regulations,or this Agreement is terminated pursuant to any provision a <br /> hereof, then the Clerk of the Board of Supervisors shall, after such action takes effect, cause an <br /> appropriate notice of such action to be recorded in the Official Records of the County of San <br /> Joaquin. The cost of recordation shall be borne by the Developer, except that in the case of <br /> termination of this Agreement the cost of recordation shall be borne by the Party causing such <br /> termination. <br /> i 1.6. Assignment. <br /> 1.6.1. The Developer has represented to the County that it possesses the <br /> experience,qualifications and financial resources to implement the Existing Approvals with <br /> respect to the Property, and to develop the Property in the manner specified in the Existing <br /> Approvals and this Agreement, specifically including,but not limited to, assisting in the 0 <br />" formation and establishment of the Financing Mechanisms required under the Public Financing <br /> Plan for the development of the Property and the Community. It is because of such qualifications <br /> and representations of Developer that County is entering into this Agreement. Accordingly, 0 <br /> certain restrictions on the right of the Developer to assign or transfer its interest under this <br /> Agreement with respect to the Property, or any portion thereof, are necessary in order to assure <br /> the achievement of the goals, objectives and public benefits of the Existing Approvals and this <br /> Agreement with respect to the development of the Property. The Developer agrees to and accepts <br /> the restrictions herein set forth in this Section 1.6. as reasonable and as a material inducement to <br /> the County to enter into this Agreement. County's remedies es hereunder shall be to refuse to <br /> recognize any sale, assignment or transfer in violation of the provisions of this Section 1.6. for <br /> purposes of this Agreement.No such purchaser, assignee or transferee not qualifying as a <br /> Recognized Assignee hereunder shall be entitled to the benefits of this Agreement nor have any <br /> standing or rights to enforce the provisions of this Agreement, including,but not limited to, <br /> Sections 2., 3. and 5. hereof,but shall otherwise be bound by all of the terms and conditions of <br /> this Agreement, including the terms and conditions of the Existing Approvals which pertain to <br /> the Property or such portion thereof in which such purchaser, assignee or transferee holds an <br /> interest. In addition, the County at any time following any such sale, assignment or transfer not <br /> in compliance with the provisions of this Section 1.6., and prior to compliance with the <br /> provisions of this Section 1.6. by any such purchaser, assignee or transferee,may terminate this <br /> Agreement as to the portion of the Property so sold, assigned or transferred. 0 <br /> W02-SF:FPID161481145.2 <br /> I <br />