GENERAL PURPOSE AND CONSTRUCTIVE NOTICE Sample Clauses

GENERAL PURPOSE AND CONSTRUCTIVE NOTICE. The Restrictions shall run and pass with each and every portion of the Burdened Parcels and be binding upon Buyer and its successors and assigns during the Restriction Period. Except as specifically set forth herein, the Restrictions shall remain in full force and effect, notwithstanding the exercise by Declarant, Xxxxxxxxx Properties or any Benefitted Owner, of any right or remedy herein due to a previous or repeated violation of any one or more of the previous Restrictions. Every person or entity who now or hereafter owns or acquires any right, title or interest in or to any portion of the Burdened Parcels is and shall be conclusively deemed to have consented, assumed and agreed to every Restriction, provision, covenant, condition, right and limitation contained herein, whether or not any reference to this Declaration is contained in the instrument by which such person acquired an interest in the Burdened Parcels. Without in any manner limiting or affecting the enforceability of the foregoing or similar provisions set forth in this Declaration, prior to Buyer transferring any ownership interest in all or any portion of the Burdened Parcels, Buyer shall cause its transferee to execute and deliver a joinder to this Declaration in favor of Declarant, Xxxxxxxxx Properties and each Benefitted Owner whereby such transferee agrees to be bound hereby, in the form of joinder attached hereto as Exhibit C; provided, however, that any transferee who acquires title through foreclosure, trustee’s sale or deed in lieu thereof shall have thirty (30) days from the date it acquired title to the Burdened Parcels, or such portion thereof, to execute and deliver such joinder.
Sample 1
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GENERAL PURPOSE AND CONSTRUCTIVE NOTICE. The Restrictions shall run and pass with each and every portion of the Subject Property and be binding upon Owner, its successors and assigns, and shall benefit the Benefitted Property and be enforceable solely by Declarant notwithstanding any transfers of the Benefitted Property or any portion thereof by Declarant. Every Person who now or hereafter owns or acquires any right, title or interest in or to any portion of the Subject Property is and shall be conclusively deemed to have consented and agreed to every Restriction, provision, covenant, condition, right and limitation contained herein, whether or not any reference to this Declaration is contained in the instrument by which such Person acquired an interest in the Subject Property.
Sample 1
GENERAL PURPOSE AND CONSTRUCTIVE NOTICE. The obligation to pay the Deferred Purchase Price as set forth in this instrument shall run and pass with each and every portion of the Property, be binding upon Buyer, its successors and assigns until the Termination Date and shall be enforceable solely by Declarant notwithstanding any transfers of property of Declarant benefited by this instrument, or any portion thereof by Declarant. Every person or entity who now or hereafter owns or acquires any right, title or interest in or to any portion of the Property prior to the Termination Date is and shall be conclusively deemed to have consented and agreed to every provision, covenant, condition, right and limitation contained herein, whether or not any reference to this instrument is contained in the instrument by which such person acquired an interest in the Property.
Sample 1

Related to GENERAL PURPOSE AND CONSTRUCTIVE NOTICE

  • Transfer of Beneficial Interests in the Same Global Note Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend. Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1).

  • Transfer or Exchange of Beneficial Interests for Definitive Notes If any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(g) hereof, and the Issuer will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are registered.

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following:

  • Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes A beneficial interest in a Global Note may not be exchanged for a Definitive Note except under the circumstances described in Section 2.1(b)(ii). A beneficial interest in a Global Note may not be transferred to a Person who takes delivery thereof in the form of a Definitive Note except under the circumstances described in Section 2.1(b)(ii). In any case, beneficial interests in Global Notes shall be transferred or exchanged only for Definitive Notes.

  • Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with:

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