Examples of Phase I Property in a sentence
Owner understands and acknowledges that the City may not annex the Phase I Property lying within the boundaries of the Southeast Rural Fire District except by the City assuming and paying that portion of all outstanding obligations of the District which would otherwise constitute an obligation of the Property being annexed.
The agreements set forth herein will be deemed to be covenants running with the land with respect to the Phase I Property.
To accomplish the conveyance of the ground leasehold interest in the Phase I Property and/or the Phase II Property from the City to Developer pursuant to the Ground Lease(s), the Parties shall establish an escrow with Escrow Holder (the “Escrow”) not later than five (5) business days after the approval by Developer and the City of the Required Agreements, by each delivering three executed original counterparts of this Agreement to Escrow Holder.
Within ninety (90) days of executing this Agreement, the Developer shall encumber the Phase I Property with a Declaration of Covenants and Restrictions for the Central College Community Development District (the “CCCDD Covenants”) for the required items to include in the document view Exhibit A.
This Agreement shall be binding upon the parties and their respective successors in interest and shall run with the Phase I Property.