Subsequent Owners Sample Clauses

Subsequent Owners. 7.2.1 This Agreement shall be binding upon the parties hereto, their heirs, successors, assigns, mortgagees, lessees and all subsequent owners, and shall run with the Lands which are the subject of this Agreement until this Agreement is discharged by Council. 7.2.2 Upon the transfer of title to any lot(s), the subsequent owner(s) thereof shall observe and perform the terms and conditions of this Agreement to the extent applicable to the lot(s).

Subsequent Owners. The burden of the covenants in this Annexure E shall run with the Land for the benefit of every other lot within the applicable stage of the Estate. These covenants shall be enforceable against the Buyer and every subsequent registered proprietor of the Land, by the Seller and every subsequent registered proprietor of any other lot within the applicable state of the Estate.

Subsequent Owners. Buyer and Seller understand and agree that this Addendum shall not be recorded in the official real property records of Middlesex County, New Jersey. If Buyer sells, transfers, conveys, or leases the Facility to any person or entity, Buyer shall disclose the right of access set out in this Section 7 to the purchaser, transferee or lessee and obtain the same right of access to the Facility from such purchaser, transferee or lessee to Seller’s benefit. If Buyer sells the Facility to a purchaser or transferee without obtaining the same right of access to the Facility for Seller as set forth in this Section 7.h., then (i) Seller shall have no further responsibility to Buyer with regard to Seller’s indemnity obligations under this Addendum, including any that Seller may be actively addressing by performing Seller’s Environmental Remediation, (ii) Seller’s indemnity obligations under this Addendum shall expire and terminate, and (iii) Buyer thereafter shall release, indemnify and hold harmless Seller and its affiliates and their directors, officers, shareholders, employees, successors and assigns from and against Seller’s indemnity obligations under this Addendum, including the costs of ongoing Corrective Action, demands, orders or actions required by applicable government agencies.

Subsequent Owners. In the event the ownership of the Mortgaged Premises or any part thereof becomes vested in a person other than Mortgagor, the Mortgagee may without notice to Mortgagor, deal with such successor or successors in interest with reference to this Mortgage and to the Note secured hereby in the same manner as with Mortgagor without in any way discharging or vitiating Mortgagor's liability hereunder or upon the Note.

Subsequent Owners. All sales of the Projects shall be expressly subject to the rights and obligations of the Parties hereunder and under the Shared Facilities Agreement. Each subsequent owner of the Facility and the Expansion Assets, including, as applicable, Collateral Agent by virtue of foreclosure of its lien on the Facility and Expansion Lender by virtue of foreclosure of its lien on the Expansion Assets, shall succeed to the rights and obligations of Facility Owner or Expansion Owner, as applicable, in and to the Shared Facilities, including all rights and obligations under the Shared Facilities Agreement. Each subsequent owner of the Facility and the Expansion Assets shall assume (in the case of the Collateral Agent, directly or indirectly through any agent or Affiliate) the rights and obligations of the owner of such property, as applicable, under the Shared Facilities Agreement and shall cure any existing defaults under the Shared Facilities Agreement by the Party to whose interest it succeeded that are capable of being cured.

Subsequent Owners. This agreement shall run with the land and be binding upon subsequent owners of the Real Estate, unless modified or terminated hereinafter.

Subsequent Owners. In the event that this land is resold or transferred to any other party, then the subsequent owner is bound by these Architectural Standards.

Subsequent Owners. The County’s Board of Supervisors must approve any change or modification in the ownership of the Property for the next fifteen (15) years.

Subsequent Owners. 6.1. The Customer covenants that it shall not dispose of any interest in the Premises, the Customer’s Installation or the Customer’s Generating Equipment unless the Customer has obtained from the proposed transferee of such interest a deed of covenant in a form acceptable to the Company in its sole discretion binding the proposed transferee to this Connection Agreement and provided such deed to the Company. This clause shall not apply to the extent that the proposed transferee does not require the Connection Point to remain Energised.

Subsequent Owners. It is the property owner's responsibility to inform any subsequent owner or operator of these conditions.