Agreement Runs with the Land. Except as otherwise provided in this Agreement, all of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, and inure to the benefit of, the parties and their respective heirs, successors, and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion of the Property, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Civil Code Section 1468. Each covenant to do, or refrain from doing, some act on the Property under this Agreement, or with respect to any owned property, (1) is for the benefit of such properties and is a burden on such properties, (2) runs with such properties, and (3) is binding on each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on each party and its property hereunder and each other person succeeding to an interest in such properties
Appears in 3 contracts
Samples: Development Agreement, Amended Development Agreement, Amended Development Agreement
Agreement Runs with the Land. Except as otherwise provided in this Agreement, all All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, upon and inure to the benefit of, of the parties Parties and their respective heirs, successors, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion of the Propertythereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Section 1468 of the Civil Code Section 1468of the State of California. Each covenant to do, or refrain from doing, some act on the Property under this Agreementhereunder, or with respect to any owned property, (1a) is for the benefit of such properties and is a burden on upon such properties, (2b) runs with such properties, and (3c) is binding on upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on upon each party and its property hereunder and each other person succeeding to an interest in such properties.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Agreement Runs with the Land. Except as otherwise provided for in Section 15 of this Agreement, all of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, and inure to the benefit of, upon the parties and their respective heirs, successors, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion of the Propertythereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Section 1468 of the Civil Code Section 1468of the State of California. Each covenant to do, or refrain from doing, some act on the Property under this Agreementhereunder, or with respect to any owned property, ; (1a) is for the benefit of such properties and is a burden on upon such properties, ; (2b) runs with such properties, ; and (3c) is binding on upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on upon each party and its property hereunder and each other person succeeding to an interest in such properties.
Appears in 1 contract
Samples: Development Agreement
Agreement Runs with the Land. Except as otherwise provided in this Agreement, all 20.1 All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, and inure to the benefit of, upon the parties and their respective heirs, successors, successors and assignees, representatives, lessees, and all other persons acquiring the Propertyproperty comprising the Project, or any portion of the Propertythereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Section 1468 of the Civil Code Section 1468of the State of California. Each covenant to do, or refrain from doing, some act on the Property under this Agreementproperty comprising the Project hereunder, or with respect to any owned property, (1a) is for the benefit of such properties and is a burden on upon such properties, (2b) runs with such the properties, and (3c) is binding on upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on upon each party and its property hereunder and each other person succeeding to an interest in such properties.
Appears in 1 contract
Samples: Development Agreement
Agreement Runs with the Land. Except as otherwise provided in this Agreement, all All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, and inure to upon the benefit of, the parties Parties and their respective heirs, successors, successors and assignees, representatives, lessees, and all other persons acquiring the PropertyResidential Units, or any portion of the Propertythereof, or any interest thereintherein (for purposes of this section, the “Property” or “Properties”), whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Section 1468 of the Civil Code Section 1468of the State of California. Each covenant to do, or refrain from doing, some act on the Property under this Agreementproperty hereunder, or with respect to any owned property, : (1) is for the benefit of such properties and is a burden on upon such properties, ; (2) runs with such properties, ; and (3) is binding on upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on upon each party and its property hereunder and each other person succeeding to an interest in such properties.
Appears in 1 contract
Samples: Deferral and Lien Agreement
Agreement Runs with the Land. Except as otherwise provided for in this Agreement, all of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding on, and inure to the benefit of, upon the parties and their respective heirs, successors, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion of the Propertythereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, California Section 1468 of the Civil Code Section 1468of the State of California. Each covenant to do, or refrain from doing, some act on the Property under this Agreementhereunder, or with respect to any owned property, : (1) is for the benefit of such properties and is a burden on upon such properties, ; (2) runs with such properties, ; and (3) is binding on upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden on upon each party and its property hereunder and each other person succeeding to an interest in such properties.
Appears in 1 contract
Samples: Development Agreement