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<br />the City grants written consent to transfer the rights. Nor shall the rights of Nexus or Geneva <br />Commons hereunder be subject to assignment by attachment, execution, or proceedings under <br />any provision of the Bankruptcy Act, and any such assignment or transfer shall be wholly void <br />and of no force and effect unless such written consent thereto be obtained from the City Council. <br />Such transfer or assignment shall not relieve Nexus or Geneva Commons of any duty, obligation <br />or liability to City without the consent of the City. <br /> <br />During the term of this Agreement, any approved assignee or transferee of the <br />rights under this Agreement shall observe and perform all of the duties and obligations of Nexus <br />or Geneva Commons contained in this Agreement as such duties and obligations pertain to the <br />Nexus or Geneva Commons. Any and all approved successors and assignees of Nexus or <br />Geneva Commons shall have all of the same rights, benefits, duties, obligations, and liabilities of <br />Nexus or Geneva Commons under this Agreement. If the Property is subdivided, any subdivided <br />parcel may be sold, mortgaged, hypothecated, assigned, or transferred to persons for <br />development by them. Upon assignment or transfer of the rights of Nexus or Geneva Commons <br />under this Agreement, the obligations of the assignor and the transferee or assignee shall be joint <br />and several. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreement the date and <br />year first above written. <br /> <br />SANDPOINTE NEIGHBORHOOD, <br />ASSOCIATION, INC. <br /> <br />BY~ <br />Name <br />Its r hA il<.JJ1AttJ <br /> <br />NEXUS DEVELOPMENT CORPORATION/ <br />CENTRAL DIVISION, INC. <br /> <br />By <br />Name <br />. Its <br /> <br />12 <br />