Developer’s Breach Shall Not Defeat Mortgage Lien Sample Clauses

Developer’s Breach Shall Not Defeat Mortgage Lien. Developer’s breach of any of the covenants or restrictions contained in this Agreement shall not defeat or render void the lien of any Mortgage made in good faith and for value but, unless otherwise provided herein, the terms, conditions, covenants, restrictions, easements, and reservations of this Agreement shall be binding and effective against the successful bidder at any foreclosure sale under any such Mortgage, transferee in lieu thereof or similar transferee.
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Related to Developer’s Breach Shall Not Defeat Mortgage Lien

  • Contracts (Rights of Third Parties) Xxx 0000 No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Xxx 0000 by a person who is not a party to this Agreement.

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  • THE CONTRACTS (RIGHTS OF THIRD PARTIES ACT 1999

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  • Contracts (Rights of Third Parties) Act 1999 Except for clause 20, no part of this Agreement shall be enforceable under the Contracts (Rights of Third Parties) Xxx 0000 by a person who is not a party to this Agreement.

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