Examples of Benefited Property in a sentence
Immediately upon becoming an owner of the Burdened Property or the Benefited Property or any portion of either, such owner shall notify all other owners of the Burdened Property and the Benefited Property of its contact information for notices.
The Finance Agreement shall state (a) the legal description of the Benefited Property, (b) the total Benefit Assessment that will be levied against the Benefited Property which shall include the cost of the Qualified Project together with any Eligible Costs and Financing Charges approved by EIC and by the Financing Party, (c) the fixed rate of interest on the Loan, and (d) a schedule of the Annual Installment Amounts due in each year of the Loan.
The Participating Municipality hereby appoints EIC to act as its agent in the administration of the Open C-PACE Program within the Participating Municipality and in its dealings with Financing Parties, Qualified Property Owners and Benefited Property Owners.
The parties’ respective rights and obligations under this Agreement shall run with the Benefited Property and the Burdened Property and shall be binding upon and inure to the benefit of the parties hereto and all persons who now or hereafter have any right, title or interest in and to said properties.
Such approval shall have no effect on the duties and obligations owed by each Party hereto in connection with this Agreement and any Benefited Property for which a Finance Agreement was executed prior thereto.