Covenants to Run With the Land. The Borrower hereby subjects the Project (including the Project site) to the covenants, reservations and restrictions set forth in this Regulatory Agreement. The Authority and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the Borrower’s successors in title to the Project; provided, however, that upon the termination of this Regulatory Agreement said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrument.
Appears in 13 contracts
Samples: Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants
Covenants to Run With the Land. The Borrower hereby subjects the Project (including the Project siteSite) to the covenants, reservations and restrictions set forth in this Regulatory Agreement. The Authority Governmental Lender and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the Borrower’s successors in title to the Project; provided, however, that upon on the termination of this Regulatory Agreement said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrumentinstruments.
Appears in 6 contracts
Samples: Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants
Covenants to Run With the Land. The Borrower Purchaser and Seller hereby subjects subject the Project (including the Project site) Property to the covenants, reservations and restrictions set forth in this Regulatory Condominium Agreement. The Authority Purchaser and the Borrower Seller hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the BorrowerPurchaser’s successors in title to the ProjectProperty; provided, however, that upon on the termination of this Regulatory Condominium Agreement said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project Property or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrument.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)
Covenants to Run With the Land. The Borrower and the Governmental Lender hereby subjects subject the Project (including the Project site) to the covenants, reservations and restrictions set forth in this Regulatory Agreement. The Authority Governmental Lender, the Original Purchaser and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the Borrower’s successors in title to the Project; provided, however, that upon on the termination of this Regulatory Agreement said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrumentinstruments.
Appears in 1 contract
Samples: Regulatory Agreement
Covenants to Run With the Land. The Borrower hereby subjects the Qualified Project (including the Qualified Project siteSite) to the covenants, reservations and restrictions set forth in this RRDP Regulatory Agreement. The Authority Corporation and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land to the extent permitted by law and shall pass to and be binding upon the Borrower’s Borrowers’ successors in title to the Project; provided, however, that upon Qualified Project throughout the termination term of this RRDP Regulatory Agreement said covenants, reservations and restrictions shall expireAgreement. Each and every contract, deed deed, mortgage or other instrument hereafter executed covering affecting or conveying the Qualified Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrument.
Appears in 1 contract
Samples: Regulatory Agreement
Covenants to Run With the Land. The Borrower hereby subjects the Qualified Project (including the Qualified Project siteSite) to the covenants, reservations and restrictions set forth in this NLRP Regulatory Agreement. The Authority Corporation and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land to the extent permitted by law and shall pass to and be binding upon the Borrower’s Borrowers’ successors in title to the Project; provided, however, that upon Qualified Project throughout the termination term of this NLRP Regulatory Agreement said covenants, reservations and restrictions shall expireAgreement. Each and every contract, deed deed, mortgage or other instrument hereafter executed covering affecting or conveying the Qualified Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrument.
Appears in 1 contract
Samples: Regulatory Agreement
Covenants to Run With the Land. The Borrower hereby subjects the Project (including the Project siteSite) to the covenants, reservations and restrictions set forth in this Regulatory Agreement. The Authority Issuer and the Borrower hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the Borrower’s successors in title to the Project; provided, however, that upon on the termination of this Regulatory Agreement said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrumentinstruments.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
Covenants to Run With the Land. The Borrower Purchaser and Seller hereby subjects subject the Project (including the Project site) Property to the covenants, reservations and restrictions set forth in this Regulatory Condominium Agreement. The Authority Purchaser and the Borrower Seller hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the BorrowerPurchaser’s successors in title to the ProjectProperty; provided, however, that upon on the termination of this Regulatory Condominium Agreement said covenants, reservations and restrictions shall automatically expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project Property or any portion thereof shall conclusively be held to have been executed, delivered and accepted subject to such covenants, reservations and restrictions, regardless of whether such covenants, reservations and restrictions are set forth in such contract, deed or other instrument.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Trade Street Residential, Inc.)