Future Owner definition
Examples of Future Owner in a sentence
No trash, rubbish, garbage, manure, debris, or offensive material of any kind shall be kept or allowed to remain on the Land nor shall the Land be used or maintained as a dumping ground for such materials; provided, however, Purchaser and any Future Owner shall be allowed to install and use dumpsters and/or other trash containment systems (collectively, “Trash Receptacles”) on the Land.
Notwithstanding anything in the foregoing to the contrary, so long as Purchaser and/or any Future Owner of the Land complies with the terms, covenants and conditions of Sections 2, 4 and 6 hereof, then Purchaser and/or any Future Owner of the Land shall not be in violation of this Section 5.
No sheet flow of storm water drainage from the Land will be allowed to drain onto adjacent land parcels; provided, however, this covenant shall not restrict Purchaser or any Future Owner from draining onto Texas Department of Transportation land pursuant to other agreements.
Notwithstanding the foregoing, in connection with a Change of Control of Parent Company, only a person acquiring directly an equity or other ownership interest in Project Owner shall be considered a Future Owner with respect to such Change of Control transaction.
Purchaser and/or any Future Owner of the Land shall remove such prohibited matter from the Land at regular intervals at its expense.