Common use of CHANGE IN NEIGHBORHOOD Clause in Contracts

CHANGE IN NEIGHBORHOOD. A substantial or radical change in the character of the neighborhood surrounding the Property will not extinguish the restrictive covenants of this Agreement. The restrictive covenants shall survive any and all changed circumstances, including (but not limited to) the following: housing-pattern changes, zoning amendments, the issuance of variances affecting the immediate or surrounding area of the Property, increased traffic or road conditions around the Property, enhancement of the value of the land or Property, growing industrial activity near the Property, encroachment of business areas near the Property, development of natural resources near the Property, financial downturn of the Developer, or commercialization of the neighborhood in question.

CHANGE IN NEIGHBORHOOD. A substantial or radical change in the character of the neighborhood surrounding the Property will not extinguish the restrictive covenants of this Agreement. The restrictive covenants shall survive any and all changed circumstances, including (including, but not limited to) , the following: housing-housing pattern changes, zoning amendments, the issuance of variances affecting the immediate or surrounding area of the Property, area; increased traffic or road conditions around the Property, conditions; enhancement of the value of the land Land or Property, ; growing industrial activity near the Property, activity; encroachment of business areas near the Property, areas; development of natural resources near the Property, resources; financial downturn of the Developer, ; or commercialization of the neighborhood in question.