Run with the Land. This Agreement, including all covenants, agreements, rights and obligations created hereby, shall run with the land, does touch and concern the same, is intended to and does burden the Property and benefit the City. All covenants, agreements, rights and obligations created hereby contained shall inure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns, including, without limitation, all subsequent owners of the Property, or any portion thereof, and all persons claiming under them. Each person hereafter at any time granted or conveyed an interest in or to any part or portion of the Property shall be deemed to undertake performance and compliance with all the terms, covenants and conditions of this Agreement, and such persons shall in like manner receive the benefits of the terms, covenants and conditions of this Agreement, to the same extent as if such persons were original Parties hereto.
Appears in 2 contracts
Samples: Agreement for Development and Option to Repurchase, Purchase and Sale Agreement
Run with the Land. This Agreement, including all covenants, agreements, rights and obligations created hereby, shall run with the land, does touch and concern the same, is intended to and does burden and benefit the Property and benefit the CityParties. All covenants, agreements, rights and obligations created hereby contained shall inure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns, including, without limitation, all subsequent owners of the Property, Property or any portion thereof, and all persons claiming under them. Each person hereafter at any time granted or conveyed an interest in or to any part or portion of the Property shall be deemed to undertake performance and compliance with all the terms, covenants and conditions of this Agreement, and such persons shall in like manner receive the benefits of the terms, covenants and conditions of this Agreement, to the same extent as if such persons were original Parties parties hereto, with the prior owner retaining liability for only such obligations as have accrued prior to the date of such conveyance.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Run with the Land. This Agreement, including all covenants, agreements, rights and obligations created hereby, shall run with the land, does touch and concern the same, is intended to and does burden the Property Properties and benefit the CityAgency. All covenants, agreements, rights and obligations created hereby contained shall inure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns, including, without limitation, all subsequent owners of nay of the PropertyProperties, or any portion thereof, and all persons claiming under them. Each person hereafter at any time granted or conveyed an interest in or to any part or portion of the Property Properties shall be deemed to undertake performance and compliance with all the terms, covenants and conditions of this Agreement, and such persons shall in like manner receive the benefits of the terms, covenants and conditions of this Agreement, to the same extent as if such persons were original Parties parties hereto.
Appears in 1 contract
Samples: Purchase and Sale Agreement