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<br />3. Indemnity. Assignee will indemnify, defend, and hold Assignor harmless from <br />perform any of the obligations of the Developer under the Development Agreement after this <br />obligations of the Developer under the Development Agreement before this date. <br /> <br />4. Release. Assignor is hereby released from all obligations under the Development <br />Agreement, and Assignee shall be solely responsible for all obligations of the Developer. <br /> <br />5. Consent. In accordance with and pursuant to the requirements of Section 9.6of <br />the Development Agreement, each of the La Porte Authority and the La Porte Zone hereby joins <br />in this Assignment to consent to and approve of the assignment and assumption of the <br />Development Agreement as set forth herein. Each of the La Porte Authority and the La Porte <br />Zone hereby agrees and acknowledges that because Assignee has expressly agreed in this <br />Assignment to comply with the provisions of the Development Agreement, the Development <br />Agreement shall not terminate upon the assignment and assumption set forth herein, each of the <br />La Porte Authority and the La Porte Zone hereby acknowledging that the Development <br />Agreement shall continue in full force and effect under the terms and conditions set forth in the <br />Development Agreement as assigned and assumed hereby. Further, the La Porte Authority <br />acknowledges that any payments of Developer Advances or reimbursements of Project Costs <br />which have not been paid as of the date hereof or which shall become due and payable after the <br />date hereof shall be paid to Assignee as Developer in accordance with the Development <br />Agreement. <br /> <br />\[Signature Page(s) to Follow\] <br /> <br /> <br />2 <br /> <br />Error! Unknown document property name. <br /> <br />