Common use of Duration of Restrictions Clause in Contracts

Duration of Restrictions. The VALENCIA INDUSTRIAL CENTER RESTRICTIONS shall continue and remain in full force and effect at all times with respect to all Sites included in the VALENCIA INDUSTRIAL CENTER and each part thereof, now or hereafter made subject thereto (subject, however, to the right to amend and repeal as provided for herein) until January 1, 2015. However, unless within one year prior to January 1, 2015, there shall be recorded an instrument directing the termination of the VALENCIA INDUSTRIAL CENTER RESTRICTIONS signed by owners of not less than two-thirds of the area of the real property then subject to the VALENCIA INDUSTRIAL RESTRICTIONS, (based on the number of square feet of real property subject to the VALENCIA INDUSTRIAL CENTER RESTRICTIONS), the VALENCIA INDUSTRIAL CENTER RESTRICTIONS, as in effect immediately prior to the expiration date shall be continued automatically without any further notice for an additional period of ten (10) years and thereafter for successive periods of ten (10) years unless within one (1) year prior to the expiration of any such period the VALENCIA INDUSTRIAL CENTER RESTRICTIONS are terminated as set forth above in this Section.

Duration of Restrictions. The VALENCIA INDUSTRIAL CENTER RESTRICTIONS shall continue and remain in full force and effect at all times with respect to all Sites included in the VALENCIA INDUSTRIAL CENTER and each part thereof, now or hereafter made subject thereto (subject, however, to the right to amend and repeal as provided for herein) until January 1, 2015. However, unless within one year prior to January 1, 2015, there shall be recorded an instrument directing the termination of the VALENCIA INDUSTRIAL CENTER RESTRICTIONS signed by owners of not less than two-two- thirds of the area of the real property then subject to the VALENCIA INDUSTRIAL CENTER RESTRICTIONS, (based on the number of square feet of real property subject to the VALENCIA INDUSTRIAL CENTER RESTRICTIONS), the VALENCIA INDUSTRIAL CENTER RESTRICTIONS, as in effect immediately prior to the expiration date shall be continued automatically without any further notice for an additional period of ten (10) years and thereafter for successive periods of ten (10) years unless within one (1) year prior to the expiration of any such period the VALENCIA INDUSTRIAL CENTER RESTRICTIONS are terminated as set forth above in this Section.

Duration of Restrictions. The VALENCIA INDUSTRIAL CENTER RESTRICTIONS shall continue and remain in full force and effect at all times with respect to all Sites included in the VALENCIA INDUSTRIAL CENTER and each part thereof, now or hereafter made subject thereto (subject, however, to the right to amend and repeal as provided for herein) until January 1, 2015. However, unless within one year prior to January 1, 2015, there shall be recorded an instrument directing the termination of the VALENCIA INDUSTRIAL CENTER RESTRICTIONS signed by owners of not less than two-thirds of the area of the real property then subject to the VALENCIA INDUSTRIAL CENTER RESTRICTIONS, (based on the number of square feet of real property subject to the VALENCIA INDUSTRIAL CENTER RESTRICTIONS), the VALENCIA INDUSTRIAL CENTER RESTRICTIONS, as in effect immediately prior to the expiration date shall be continued automatically without any further notice for an additional period of ten (10) years and thereafter for successive periods of ten (10) years unless within one (1) year prior to the expiration of any such period the VALENCIA INDUSTRIAL CENTER RESTRICTIONS are terminated as set forth above in this Section.