Common use of Binding Covenant Clause in Contracts

Binding Covenant. The provisions of this Agreement will be a covenant which runs with the land and is binding on the Developer, its heirs, successors and assigns. In the event that the Developer assigns this RFA to more than one successor, the Commission reserves the right to require a new or amended RFA for each successor.

Appears in 3 contracts

Sources: Subdivision Agreement, Private Recreation Facilities Agreement, Private Recreation Facilities Agreement