Common use of Run with the Land Clause in Contracts

Run with the Land. This Agreement shall be binding on and inure to the benefit of the Parties hereto and their respective heirs and permitted successors and assigns and shall run with the land constituting the Property. At Closing, the Parties shall record a memorandum describing this Agreement in the land records of Xxxxxxx County, Kansas, in form acceptable to City, which memorandum shall be deemed one of the Permitted Exceptions. This Agreement shall survive Closing and shall not be deemed to be merged with the Deed. The Developer and City will execute a recordable release of this Agreement as to each Phase once Final Completion has occurred and the IRB Documents applicable to such Phase have been fully executed.

Run with the Land. This Agreement shall be binding on and inure to the benefit of the Parties hereto and their respective heirs and permitted successors and assigns and shall run with the land constituting the Property. At Closing, the Parties shall record a memorandum describing this Agreement in the land records of Xxxxxxx Douglas County, Kansas, in form acceptable to City, which memorandum shall be deemed one of the Permitted Exceptions. This Agreement shall survive Closing and shall not be deemed to be merged with the Deed. The Developer and City will execute a recordable release of this Agreement as to each Phase once Final Completion has occurred and the IRB Documents applicable to such Phase have been fully executed.