Common use of Binding on Future Owners Clause in Contracts

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 New Energy Improvements, provided that such transfer is and shall be fully subject to the Assessment Lien and the terms of the C-PACE CoPACE 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 CoPACE 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