Common use of Covenants to Run With the Land Clause in Contracts

Covenants to Run With the Land. Subject to the Restrictive Covenants and the Subordination Agreement, the County Board and the Borrower hereby declare their express intent that the covenants and restrictions set forth in this Article IV shall run with the land, and shall bind all successors in title to the Property during the AHIF Affordability Compliance Period, provided however, that upon the expiration of the AHIF Affordability Compliance Period, said covenants and restrictions shall automatically expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof during the AHIF Affordability Compliance Period, shall be held conclusively to have been executed, delivered and accepted subject to such covenants and restrictions, regardless of whether such covenants or restrictions are set forth in such contract, deed or other instrument, unless the County Board expressly releases such conveyed portion of the Property from the requirements of this Agreement or such contract, deed or other instrument is executed after the expiration of the AHIF Affordability Compliance Period. End of Article IV

Covenants to Run With the Land. Subject Borrower hereby covenants and agrees for itself, its successors and its assigns that, subject to the Restrictive Covenants and the Subordination AgreementCovenants, the County Board and the Borrower hereby declare their express intent that the covenants and restrictions set forth in this Article IV shall run with the land, and shall bind all successors in title to the Xxxxxxx Place Property during the AHIF Affordability Compliance Period, provided however, that upon the expiration of the AHIF Affordability Compliance Period, said covenants and restrictions shall automatically expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Xxxxxxx Place Property or any portion thereof during the AHIF Affordability Compliance Period, shall be held conclusively to have been executed, delivered and accepted subject to such covenants and restrictions, regardless of whether such covenants or restrictions are set forth in such contract, deed or other instrument, unless the County Board expressly releases such conveyed portion of the Xxxxxxx Place Property from the requirements of this Agreement or such contract, deed or other instrument is executed after the expiration of the AHIF Affordability Compliance Period. End of Article IV

Covenants to Run With the Land. Subject to the AHIF Restrictive Covenants and the Subordination Agreement, the County Board and the Borrower hereby declare their express intent that the covenants and restrictions set forth in this Article IV shall run with the land, and shall bind all successors in title to the Property during the AHIF Affordability Compliance Period, provided however, that upon the expiration of the AHIF Affordability Compliance Period, said covenants and restrictions shall automatically expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof during the AHIF Affordability Compliance Period, shall be held conclusively to have been executed, delivered and accepted subject to such covenants and restrictions, regardless of whether such covenants or restrictions are set forth in such contract, deed or other instrument, unless the County Board expressly releases such conveyed portion of the Property from the requirements of this Agreement or such contract, deed or other instrument is executed after the expiration of the AHIF Affordability Compliance Period. End of Article IV

Covenants to Run With the Land. Subject to the County Restrictive Covenants and the Subordination Agreement, the County Board and the Borrower hereby declare their express intent that the covenants and restrictions set forth in this Article IV shall run with the land, land and shall bind all successors in title to the Property during the AHIF County Affordability Compliance Period, provided however, that upon the expiration of the AHIF County Affordability Compliance Period, said covenants and restrictions shall automatically expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof during the AHIF County Affordability Compliance Period, shall be held conclusively to have been executed, delivered and accepted subject to such covenants and restrictions, regardless of whether such covenants or restrictions are set forth in such contract, deed or other instrument, unless the County Board expressly releases such conveyed Property (or portion of the Property thereof) from the requirements of this Agreement or such contract, deed or other instrument is executed after the expiration of the AHIF County Affordability Compliance Period. End of Article IV.