Binding Nature of Covenants. All covenants, stipulations, obligations and agreements of the Governmental Unit contained in this Loan Agreement shall be deemed to be the covenants, stipulations, obligations and agreements of the Governmental Unit to the full extent authorized or permitted by law, and such covenants, stipulations, obligations and agreements shall be binding upon the Governmental Unit and its successors and upon any board or body to which any powers or duties affecting such covenants, stipulations, obligations and agreements shall be transferred by or in accordance with law. Except as otherwise provided in this Loan Agreement, all rights, powers and privileges conferred and duties and liabilities imposed upon the Governmental Unit by the provisions of this Loan Agreement and the Ordinance shall be exercised or performed by the Governmental Unit or by such members, officers, or officials of the Governmental Unit as may be required by law to exercise such powers and to perform such duties.
Binding Nature of Covenants. This covenant is to run with the land until December 14, 2020 and shall be binding on all parties and all persons claiming under them.
Binding Nature of Covenants. This covenant shall run with the land and shall be binding on all parties and all persons claiming under them for a period of fifteen
Binding Nature of Covenants. All covenants, stipulations, obligations and agreements of the District contained in this Note shall be deemed to be the covenants, stipulations, obligations and agreements of the District to the full extent authorized or permitted by law, and such covenants, stipulations, obligations and agreements shall be binding upon the District and its successors and upon any board or body to which any powers or duties affecting such covenants, stipulations, obligations and agreements shall be transferred by or in accordance with law.
Binding Nature of Covenants. This covenant is to run with the land until the end of the Affordability Period and shall be binding on all parties and all persons claiming under them.
Binding Nature of Covenants. This covenant is to run with the land for five years which time period will begin after the comprehensive health care facility is built and being used to provide comprehensive health care service for low- and moderate-income persons. This covenant shall be binding on all parties and all persons claiming under them.
Binding Nature of Covenants. This covenant shall run with the Property and shall be binding on all parties and all persons claiming under them for a period of fifteen (15) years from the Effective Date (the “Term”).
