Binding on Future Owners. The sale, transfer, pledge or hypothecation of the Property or any reconstitution of the Property Owner ownership structure shall be permitted only following Completion of the Improvements, provided that such transfer is and shall be fully subject to the Assessment Lien and the terms of the C-PACE Financing and Transaction Documents. Any and all transfers of the Property shall be subject to the Transaction Documents including, without limitation, the Assessment Lien. All obligations under the C-PACE Financing and Transaction Documents shall run with the land and shall bind all future owners of the Property or any interest therein as if the same were expressly assumed by such parties. If required by the Capital Provider, certain notice requirements and supplemental transferee information may be required to satisfy Capital Provider’s regulatory requirements, including, without limitation, the ‘know your customer’ regulatory requirements. Any such transfer conditions shall be set forth in the
Binding on Future Owners. The sale, transfer, pledge or hypothecation of the Property or any reconstitution of the Property Owner ownership structure shall be permitted only following Completion of the Energy Efficiency Improvements, provided that such transfer is consented to by the Capital Provider; and shall be fully subject to the Assessment Lien and the terms of the X-XXXX Financing and Transaction Documents. Any and all transfers of the Property shall be subject to the Transaction Documents including, without limitation, the Assessment Lien. All obligations under the X-XXXX Financing and Transaction Documents shall run with the land and shall bind all future owners of the Property or any interest therein as if the same were expressly assumed by such parties. If required by the Capital Provider, certain notice requirements and supplemental transferee information may be required to satisfy Capital Provider’s regulatory requirements, including, without limitation, the ‘know your customer’ regulatory requirements. Any such transfer conditions shall be set forth in the Schedule of Financing Terms. Property Owner shall promptly notify Energize Delaware and Capital Provider, in writing, at least ten (10) business days prior to any transfer of title or interest in the Property by providing a completed Notice of Transfer of Property Ownership in form and substance acceptable to Capital Provider. Nothing herein shall prevent or restrict any lender from foreclosing and taking title to the Property and, except for statutory notices required under Delaware law with respect to any foreclosure proceedings, this provision does not apply to such transfers by foreclosure; provided that such foreclosing lenders shall take the Property subject to the X-XXXX Financing.
Binding on Future Owners. This covenant shall run with the land and shall be binding upon the undersigned owners, their heirs, executors, administrators, assigns and successors in interest. Any change in property ownership shall result in notification, including new Property Owner contact information, to the City within 30 days the title transfer.
Binding on Future Owners. This covenant shall run with the land and shall be binding upon the undersigned owners, their heirs, executors, administrators, assigns and successors in interest.
