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to 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 it holds an interest. Any such holder or successor <br /> who comes into possession of the Property, or any portion thereof,pursuant to foreclosure of the <br /> Mortgage or a deed in lieu of foreclosure, or sale following foreclosure or deed in lieu of <br /> foreclosure, shall take the Property, or such portion thereof, subject to any claims for payments <br /> or charges against the Property or such portion thereof, which accrue under this Agreement or <br /> the Existing Approvals prior to the time such holder or successor comes into possession of the <br /> Property or such portion thereof. Nothing in this Agreement shall be deemed or construed to <br /> permit or authorize any such holder or successor to devote the Property, or any portion thereof, <br /> to any uses, or to construct any improvements thereon, other than those uses and improvements <br /> provided for or authorized by the Existing Approvals and this Agreement, subject to all of the <br /> terms and conditions of this Agreement. <br /> 1.5.6. The County shall administer the provisions of this Section 1.5. through its <br /> Community Development Director or his or her designee. The Developer shall notify the <br /> Community Development Director in writing pursuant to this Section 1.5. of its request for <br /> County consent to any sale, assignment or transfer under this Section 1.5. requiring such consent, <br /> together with supporting information in satisfaction of the conditions set forth in subsection <br /> 1.5.4., above,together with a clear statement contained in a separate paragraph in bold <br /> capitalized letters that if the County does not act upon such request within thirty (30) days,the <br /> request shall be deemed approved pursuant to the provisions of this Section 1.5.6. The <br /> Developer shall promptly furnish such additional information as the Community Development <br /> Director or any designee may reasonably request and the County shall proceed to consider and <br /> act upon the Developer's request for County consent to the proposed sale, assignment or transfer. <br /> The County shall, have thirty(30) days from the date of receipt of such request to approve or <br /> deny the requested sale,transfer or assignment based on the standards set forth in Section 1.5.4., <br /> above. Failure of the County to act within such thirty (30) day period shall be deemed an <br /> approval of the request; provided the Developer has included the statement to that effect as <br /> required herein in its notice to the County and has provided in a timely manner all other <br /> information required in connection with said request, including, but not limited to, an executed <br /> Assumption Agreement as required by Section 1.5.4.13. hereof. A denial by the County of the <br /> request based on late, inaccurate or insufficient information furnished by Developer shall not be <br /> deemed unreasonable; provided the County has notified the Developer in writing, within fifteen <br /> (15) days of receipt of the request from the Developer, that the information was late, inaccurate <br /> or insufficient. If a denial is based upon such grounds, Developer may cure such deficiency and <br /> reinstate its request by providing such information, thereby starting the thirty (30) day period <br /> anew. <br /> 1.6. Notices. With respect to Permitted Assignments and sales, assignments or <br /> transfers not subject to the requirements of Section 1.5., the Developer shall give written notice <br /> to the County, in the manner specified in Section 10. hereof within ten(10) days after the close <br /> of escrow, of any such sale, assignment or transfer of any portion of the Property in which the <br /> Developer holds an interest and any assignment of this Agreement, specifying the name or <br /> names and mailing address of the purchaser, assignee or transferee,the amount and location of <br /> the land sold, assigned or transferred, and the name and address of a single person or entity to <br /> whom any notice relating to this Agreement shall be given. With respect to the Permitted <br /> -17- <br />