Common use of Run with the Land Clause in Contracts

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 the Parties. All covenants, agreements, rights and obligations created hereby contained shall inure to the benefit of and be binding upon the Parties 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, 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

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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 Property and the PartiesCity. 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: apps.cityofnorthlasvegas.com, Purchase and Sale Agreement and Joint Escrow Instructions

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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 Properties and benefit the Property and the PartiesAgency. 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 Property Properties, 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 hereto, with the prior owner retaining liability for only such obligations as have accrued prior to the date of such conveyance.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

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