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<br />27. Insertion of Corrections or Modilications. <br /> <br />Typewritten or handwritten provisions inserted on this Agreement or on the exhibits hereto (and <br /> <br />initialed by both parties) shall control all printed provisions in conflict therewith. <br /> <br />28. Time. <br /> <br />Time is of the essence in this Agreement. <br /> <br />29. Counteroarts. <br /> <br />This Agreement may be executed simultaneously or in counterparts, each of which together shall <br /> <br />constitute one and the same Agreement. <br /> <br />30. Assignability. <br /> <br />Buyers may not assign their rights hereunder without Seller's consent unless such assignment is <br /> <br />to a related party or entity to be formed by Buyers for the ownership, construction and/or development <br /> <br />of the Project. Upon any such assignment, any such assignee shall agree to be bound by the terms and <br /> <br />conditions set forth in this Agreement. <br /> <br />31. Agreement not to be Recorded. <br /> <br />This Agreement shall not be recorded in any public records by either party hereto. <br /> <br />32. Effective Date. The effective date of this Agreement ("Effective Date") shall be date the <br /> <br />Agreement is executed by the City. <br /> <br />(Remaillder of page illtelltiollally left blallk) <br /> <br /> <br />15 of 17 <br /> <br />(\ '~~ J <br />I",) <br />