Common use of Covenants; Equitable Servitudes Clause in Contracts

Covenants; Equitable Servitudes. (a) OHA and Declarant hereby declare their express intent that throughout the Use Restriction Period the covenants, restrictions, charges and easements set forth herein, including the Use Restrictions, will be deemed covenants running with the Property and will create equitable servitudes running with the Property, and will pass to and be binding upon OHA’s and Declarant's successors in title including any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein and upon the respective heirs, executors, administrators, devisees, successors and assigns of any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein.

Appears in 4 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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Covenants; Equitable Servitudes. (a) OHA ODHS and Declarant Grantee hereby declare their express intent that throughout the Use Restriction Habitability Period the covenants, restrictions, charges and easements set forth herein, including the Use Restrictions, herein will be deemed covenants running with the Property and will create equitable servitudes running with the Property, and will pass to and be binding upon OHA’s ODHS' and DeclarantGrantee's successors in title including any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein and upon the respective heirs, executors, administrators, devisees, successors and assigns of any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein.

Appears in 1 contract

Samples: Grant Agreement

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Covenants; Equitable Servitudes. (a) OHA OHCS and Declarant Owner hereby declare their express intent that throughout the Use Restriction Period Affordability Period, the covenants, restrictions, charges and easements set forth herein, including the Use Affordability Restrictions, will be deemed covenants running with the Property Project and will create equitable servitudes running with the PropertyProject, and will pass to and be binding upon OHA’s OHCS' and DeclarantOwner's successors in title including any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein and upon the respective heirs, executors, administrators, devisees, successors and assigns of any purchaser, grantee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein.

Appears in 1 contract

Samples: www.oregon.gov

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