Owner Not Liable. No person who is an Owner shall be liable to the Trust for any breach of or default in the obligations of the Owner owed to the Trust under this Agreement committed after the registration of a transfer by such person of that person's entire interest in the Property to another person, provided that the Owner has delivered to the Trust notice of such transfer and an acknowledgement and assumption executed by the new registered owner, acknowledging the priority of this Agreement and the interest of the Trust, and assuming the obligations of the Owner under this Agreement.
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Samples: Heritage Conservation Easement Agreement, Heritage Conservation Easement Agreement, Heritage Conservation Easement Agreement
Owner Not Liable. No person who is an Owner shall be liable to the Trust for any breach of or default in the obligations of the Owner owed to the Trust under this Agreement committed after the registration of a transfer by such person of that person's entire interest in the Property to another personLands, provided that the Owner has delivered to the Trust notice of such transfer and an acknowledgement and assumption executed by the new registered ownerOwner, acknowledging the priority of this Agreement and the interest of the Trust, Trust and assuming the obligations of the an Owner under this Agreement.
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