Examples of Common Facilities Agreement in a sentence
One (1) tennis court will be available for use by Owners, pursuant to and limited by the terms of the Common Facilities Agreement.
The Parties each have rights, duties, and obligations (and conditions to its rights) under the Common Facilities Agreement which are not stated in this Memorandum.
The term of the agreement is for 24 months from the date on which GEM occupies the project site and will automatically extend annually, for an additional year, until the expiration of the power purchase agreement unless the Company gives written notice to terminate.(h) On November 11, 2010, the Company entered into a Common Facilities Agreement with Sky River, LLC for its Windstar project.
Each obligation of the Parties under the Common Facilities Agreement is a covenant running with the land and will inure to the benefit of and be binding upon, as applicable, the successors and assigns of the Parties, with respect to all such Persons’ respective interests in the Common Facilities.
This Memorandum shall automatically terminate and be of no force or effect upon any termination of the Common Facilities Agreement.