Common use of Burden and Benefit Clause in Contracts

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

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

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