Binding Agreement; Runs With Land Sample Clauses

Binding Agreement; Runs With Land. (A) This Agreement shall constitute a contract under the laws of the State of California between Landowners and District, and an equitable servitude of each Landowner (and Landowner's successors and assigns) as to the lands described and shown on Exhibits X-0, X-0, X-0, X-0, C-1 C-2, F-1, F-2, G-1 and G-2 and such servitude shall obligate each Landowner (and Landowner's successors and assigns), as to such lands, for the benefit of District and other lands within the District. A memorandum of this Agreement shall be recorded in the Official Records of the County of Sacramento, California. This Agreement is, and shall be, a covenant and shall run with and bind District and the owners of the lands described in this Agreement, subject to the termination provisions set forth in Section 5.5 below. Notwithstanding the foregoing, the right to reimbursement hereunder is personal to each Landowner and such right to reimbursement shall not run with the land and shall remain with such Landowner unless expressly assigned as part of an executed assignment and assumption agreement.
Sample 1
AutoNDA by SimpleDocs

Related to Binding Agreement; Runs With Land

  • Binding Agreements This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

  • Binding Agreement Date The Binding Agreement Date in this transaction is the date of and has been filled in by .

  • Binding Agreement; Assignment This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Contract This Contract shall be binding upon the parties hereto and upon their successors and assigns, and shall inure to the benefit of said parties and their successors and assigns.

  • Agreement Binding This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

  • SUCCESSION AND BINDING AGREEMENT Except as otherwise set forth herein, all of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of the successors and assignees of Department and Concessionaire and binding on a Trustee in bankruptcy.

  • EFFECTIVE AND BINDING AGREEMENT Xxxxx and OIG agree as follows:

  • Legal and Binding Agreement This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement.

  • Binding Nature This Agreement shall be binding upon, and inure to the benefit of, the successors and personal representatives of the respective parties hereto.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!