Enforceability/Restrictions Sample Clauses

Enforceability/Restrictions. 1. This Master LDA constitutes a valid and legally binding obligation of each of the Parties, enforceable (except as otherwise provided herein) against each of the Parties under its terms and conditions, and neither the execution, delivery or performance of this Master LDA nor compliance herewith does or will conflict with or does or will result in a breach of or does or will constitute a default under (a) the organizational or charter documents or bylaws or ordinances of any of the Parties, (b) any Law, or any declaration, order or determination of any administrative or judicial governmental authority, or (c) any agreement or instrument to which any of the Parties is a party and by which it is bound. 2. Unless expressly set forth in this Master LDA, the covenants set forth herein are intended to be affirmative and perpetual covenants that run with the land, and shall be enforceable for the maximum period permitted by applicable Law. If any provision of this Master LDA is ever deemed to be a restriction, and is not deemed to be exempt from Massachusetts General Laws, Chapter 184, Sections 27-30 in accordance with the terms and conditions of Massachusetts General Laws, Chapter 184, Section 26, then it shall be binding against US2 and its successors and assigns for a period of ninety-nine (99) years, which such period shall be preserved by the recording of a notice of restriction before the expiration of the period which is thirty (30) years from the Effective Date, and may be extended for successive periods of twenty (20) years each upon the recording of successive further notices of restriction prior to the expiration of twenty (20) years from the recording of the original notice of restriction or the further notice of restriction, as the case may be, pursuant to Massachusetts General Laws, Chapter 184, Sections 26, 27, 28, 29 and 30, as the same may be amended or any successor statutes thereto.