Common use of Burden and Benefit Clause in Contracts

Burden and Benefit. The Authority and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issued.

Burden and Benefit. The Authority and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, Tenants and by furthering the public purposes for which the Bonds were Governmental Lender Note was issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were Governmental Lender Note was issued.

Burden and Benefit. The Authority and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Very Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issuedGovernmental Loan Note was executed and delivered.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Funding Loan Notes were issued.

Burden and Benefit. The Authority Issuer and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Issuer and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents Tenants and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were Note was issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Governmental Lender Note were issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were Governmental Note was issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Governmental Lender Notes were issuedexecuted and delivered.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Governmental Lender Notes were issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Tax-Exempt Obligations were executed and delivered or issued, as the case may be.

Burden and Benefit. The Authority and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents, Low Income Residents and Low Moderate Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Governmental Lender Note were issued.

Burden and Benefit. The Authority Governmental Lender, the Original Purchaser and the Borrower hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender, the Original Purchaser and the Borrower hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were Notes was issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds Notes were issuedexecuted and delivered.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were issuedNote was executed and delivered.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, Tenants and by furthering the public purposes for which the Bonds Notes were issuedexecuted and delivered.

Burden and Benefit. The Authority Governmental Lender and the Borrower Owner hereby declare their understanding and intent that the burden burdens of the covenants set forth herein touch and concern the land in that the BorrowerOwner’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower Owner hereby further declare their understanding and intent that the benefit benefits of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Very Low Income Residents and Low Income ResidentsTenants, the intended beneficiaries of such covenants, reservations and restrictions, and by furthering the public purposes for which the Bonds were Governmental Loan Note was issued.

Burden and Benefit. The Authority Governmental Lender and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Project is rendered less valuable thereby. The Authority Governmental Lender and the Borrower hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Project by Low Income Tenants and Very Low Income Residents and Low Income Residents, the intended beneficiaries of such covenants, reservations and restrictions, Tenants and by furthering the public purposes for which the Bonds Tax-Exempt Obligations were issued.