Common use of Binding Covenants; Run With the Land Clause in Contracts

Binding Covenants; Run With the Land. Pursuant to Section 65868 of the Development Agreement Statute, from and after recordation of this Agreement, all of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the Parties and, subject to Section 11 above, their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, and all persons or entities acquiring the Project Site, any lot, parcel or any portion thereof, or any interest therein, whether by sale, operation of law, or in any manner whatsoever, and shall inure to the benefit of the Parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. Subject to the limitations on Transfers set forth in Section 11 above, all provisions of this Agreement shall be enforceable during the term hereof as equitable servitudes and constitute covenants and benefits running with the land pursuant to applicable law, including but not limited to California Civil Code Section 1468.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Binding Covenants; Run With the Land. Pursuant to Section 65868 of the Development Agreement Statute, from and after recordation of this Agreement, all of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the Parties and, subject to Section 11 above11, their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, and all persons or entities acquiring the Project SiteSites, any lot, parcel or any portion thereof, or any interest therein, whether by sale, operation of law, or in any manner whatsoever, and shall inure to the benefit of the Parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. Subject to the limitations provisions on Transfers set forth in Section 11 above11, all provisions of this Agreement shall be enforceable during the term hereof as equitable servitudes and constitute covenants and benefits running with the land pursuant to applicable lawLaw, including but not limited to California Civil Code Section 1468.

Appears in 2 contracts

Samples: Francisco and Sutter West Bay, Francisco and Sutter West Bay

Binding Covenants; Run With the Land. Pursuant to Section 65868 of the Development Agreement Statute, from and after recordation of this Agreement, all of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the Parties and, subject to Section 11 above12, their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, and all persons or entities acquiring the Project Site, any lot, parcel or any portion thereof, or any interest therein, whether by sale, operation of law, or in any manner whatsoever, and shall inure to the benefit of the Parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. Subject to the limitations provisions on Transfers set forth in Section 11 above12, all provisions of this Agreement shall be enforceable during the term hereof Term as equitable servitudes and constitute covenants and benefits running with the land pursuant to applicable lawLaw, including but not limited to California Civil Code Section 1468.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement by And

Binding Covenants; Run With the Land. Pursuant to Section 65868 of the Development Agreement Statute, from and after recordation of this Agreement, all of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the Parties and, subject to Section 11 above12, their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, and all persons or entities acquiring the Project Site, any lot, parcel or any portion thereof, or any interest therein, whether by sale, operation of law, or in any manner whatsoever, and shall inure to the benefit of the Parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. Subject to the limitations provisions on Transfers set forth in Section 11 above12, all provisions of this Agreement shall be enforceable during the term hereof as equitable servitudes and constitute covenants and benefits running with the land pursuant to applicable lawLaw, including but not limited to California Civil Code Section 1468.

Appears in 1 contract

Samples: Development Agreement by And

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Binding Covenants; Run With the Land. Pursuant to Section 65868 of the Development Agreement Statute, from and after recordation of this AgreementAgreement in the Official Records, all of the provisions, agreements, rights, powers, standards, terms, covenants covenants, and obligations contained in this Agreement shall be binding upon the Parties and, subject to Section 11 abovethe provisions of this Agreement, including Article 12, their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, assigns and all persons or entities Persons acquiring the Project Site, any lot, parcel or any portion thereof, or any interest therein, whether by sale, operation of law, Law or in any manner whatsoever, and shall inure to the benefit of the Parties and their respective such heirs, successors (by mergersuccessors, consolidation or otherwise) assigns and assignsPersons. Subject to the limitations on Transfers set forth in Section 11 aboveprovisions of this Agreement, including Article 12, all provisions of this Agreement shall be enforceable during the term hereof Term as equitable servitudes and constitute covenants and benefits running with the land pursuant to applicable lawLaw, including but not limited to California Civil Code Section 1468.

Appears in 1 contract

Samples: Development Agreement

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