Duration; Binding Effect. The rights granted to Indemnitee hereunder shall continue and survive any termination of this Agreement and any termination of Indemnitee’s Corporate Status and shall inure to the benefit of Indemnitee, Indemnitee’s personal representatives, heirs, executors, administrators and beneficiaries. This Agreement will be binding upon the Corporation but will not, absent the written consent of Indemnitee, otherwise be assignable, transferable or delegable by the Corporation.
Duration; Binding Effect. Unless sooner terminated by reason of the terms and conditions hereof or in accordance with the Statute, this Covenant shall run with the Property, shall be perpetual and shall be binding on Owner's heirs, administrators, executors, successors and assigns.
Duration; Binding Effect. This Agreement shall run for an initial term of 50 years from the date of recording hereof and thereafter shall automatically be extended for successive periods of ten (10) years each, unless and until terminated by an instrument stating the intent to terminate as of the end of such initial term or any extension period, which instrument is signed by the Parties, or their respective successors and assigns, and recorded in the Public Records of Xxxxxxx County, Florida prior to the date of the next renewal.
Duration; Binding Effect. This Agreement shall continue in effect until all indebtedness, obligations and liabilities now or hereafter owing from Lessee to Secured Party, including, without limitation, all indebtedness, obligations and liabilities arising under or in connection with the Loan have been satisfied and paid in full, and shall remain in effect until written notice is given to all the other parties hereto of termination. No termination, however, shall impair the rights or priorities created or acquired by Secured Party prior to the effective date of such termination. This Agreement is solely for the benefit of the parties hereto and all of the covenants, terms, conditions and obligations herein contained shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, and no other person or entity is intended to or shall have any rights hereunder, whether as a third party beneficiary, or otherwise.
Duration; Binding Effect. This Loan Agreement shall remain in effect for the period of affordability specified in Section 6(D) above, and shall be binding upon the parties and shall inure to the benefit of their respective successors, assignees, representatives, and heirs.
