Common use of Declaration Binding Clause in Contracts

Declaration Binding. This Declaration and the covenants contained herein will run with the real property comprising the Project and will bind the Developer and its successors and assigns and all subsequent owners of the Project or any interest therein, and the benefits will inure to the EDA and its successors and assigns until the Termination Date of this Declaration as provided in Section 1(b) hereof.

Appears in 2 contracts

Sources: Development Agreement, Declaration of Restrictive Covenants

Declaration Binding. This Declaration and the covenants contained herein will run with the real property comprising the Project and will bind the Developer and its successors and assigns and all subsequent owners of the Project or any interest therein, and the benefits will inure to the EDA and its successors and assigns until the Declaration Termination Date of this Declaration as provided in Section 1(b) hereof.

Appears in 1 contract

Sources: Development Assistance Agreement

Declaration Binding. This Declaration and the covenants contained herein will run with the real property comprising the Project and will bind the Developer and its successors and assigns and all subsequent owners of the Project or any interest therein, and the benefits will inure to the EDA City and its successors and assigns until the Termination Date of this Declaration as provided in Section 1(b) hereof.

Appears in 1 contract

Sources: Tif Assistance Agreement