Agreement Effect. This Agreement shall be in full force and effect from and after the Effective Date. The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties hereto, their respective successors and assigns and the benefits and burdens shall run with the Property. Developer shall record this Agreement against the title to the Property. This Agreement will have priority on the property records over any other lien or encumbrance on the Property that can be cured or satisfied through the payment of money or any other ownership interest in the Property. Developer shall provide the City with evidence, which sufficiency shall be determined by the City, that this Agreement is recorded and all conditions herein have been satisfied prior to the City processing or approving any building permits or other permits applicable to the development of the Property (other than those already issued as of the date of this Agreement) and certificates of occupancy.
Appears in 1 contract
Sources: Planned Unit Development Agreement
Agreement Effect. This Agreement shall be in full force and effect from and after the Effective Date. The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties hereto, their respective successors and assigns and the benefits and burdens shall run with the Property. Developer shall record this Agreement against the title to the PropertyProperty along with the recording of the Final Plat. This Developer warrants and guarantees that this Agreement will shall have priority on the property records over any other lien or encumbrance on the Property that can be cured or satisfied through the payment of money or any other ownership interest in the Property. Developer shall provide the City with evidence, which sufficiency shall be determined by the City, that this Agreement is recorded and all conditions herein have been satisfied prior to the City processing or approving any building permits or other permits applicable to the development of the Property (other than those already issued as of the date of this Agreement) and certificates of occupancy).
Appears in 1 contract
Sources: Planned Unit Development Agreement