Common use of General Scope of Easements Clause in Contracts

General Scope of Easements. (a) Except as otherwise provided in Section 2.3(b), each easement and each right, privilege and license granted hereby is and shall be a grant, transfer, conveyance, and right of Use (subject to the terms of this Agreement) to Grantee thereof and to any successor or assign of Grantee under this Agreement and in and to the Designated Grantee Equipment. All easements granted herein are granted in perpetuity, are irrevocable and non-terminable to the fullest extent permitted by applicable law, and shall be covenants running with the land and Grantor’s Property, binding upon and benefiting in accordance herewith, the Parties, their successors and assigns.

Appears in 2 contracts

Samples: Easement and License Agreement (Pepco Holdings Inc), Easement and License Agreement (Calpine Corp)

AutoNDA by SimpleDocs

General Scope of Easements. (a) Except as otherwise provided in Section Sections 2.2 and 2.3(b), each easement and each right, privilege and license granted hereby is and shall be a grant, transfer, conveyance, and right of Use (subject to the terms of this Agreement) to Grantee thereof and to any successor or assign of Grantee under this Agreement and in and to the Designated Grantee EquipmentGeneration Facilities. All easements granted and/or reserved herein are granted and/or rights reserved in perpetuity, are irrevocable and non-terminable to the fullest extent permitted by applicable law, and shall be covenants running with the land and Grantor’s Property, binding upon and benefiting in accordance herewith, the Parties, their successors and assigns.

Appears in 2 contracts

Samples: Easement and License Agreement (Calpine Corp), Easement and License Agreement (Pepco Holdings Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.