Common use of Applicability to Real Property and Facility Clause in Contracts

Applicability to Real Property and Facility. This Agreement applies to the Grant Recipient’s present or future interest in the Real Property and if a Facility currently exists or will exist in the future the Facility. The term “if applicable” appearing before the term “Facility” is meant to indicate that the this Agreement will apply to a Facility if one exists, and if no Facility exists then this Agreement will only apply to the Grant Recipient’s interest in the Real Property.