Subsequent Owners. 7.2.1 This Agreement shall be binding upon the parties hereto, their heirs, successors, assigns, mortgagees, lessees and all subsequent owners, and shall run with the Lands which are the subject of this Agreement until this Agreement is discharged by Council.
Subsequent Owners. Buyer and Seller understand and agree that this Addendum shall not be recorded in the official real property records of Middlesex County, New Jersey. If Buyer sells, transfers, conveys, or leases the Facility to any person or entity, Buyer shall disclose the right of access set out in this Section 7 to the purchaser, transferee or lessee and obtain the same right of access to the Facility from such purchaser, transferee or lessee to Seller’s benefit. If Buyer sells the Facility to a purchaser or transferee without obtaining the same right of access to the Facility for Seller as set forth in this Section 7.h., then (i) Seller shall have no further responsibility to Buyer with regard to Seller’s indemnity obligations under this Addendum, including any that Seller may be actively addressing by performing Seller’s Environmental Remediation, (ii) Seller’s indemnity obligations under this Addendum shall expire and terminate, and (iii) Buyer thereafter shall release, indemnify and hold harmless Seller and its affiliates and their directors, officers, shareholders, employees, successors and assigns from and against Seller’s indemnity obligations under this Addendum, including the costs of ongoing Corrective Action, demands, orders or actions required by applicable government agencies.
Subsequent Owners. This agreement shall run with the land and be binding upon subsequent owners of the Real Estate, unless modified or terminated hereinafter.
Subsequent Owners. It is the property owner's responsibility to inform any subsequent owner or operator of these conditions.
Subsequent Owners. The burden of the covenants in this Annexure E shall run with the Land for the benefit of every other lot within the applicable stage of the Estate. These covenants shall be enforceable against the Buyer and every subsequent registered proprietor of the Land, by the Seller and every subsequent registered proprietor of any other lot within the applicable state of the Estate.
Subsequent Owners. Every person who now or later owns or acquires any right, title or interest in or to the Property is and will be conclusively deemed to have consented and agreed to every restriction, provision, covenant, right and limitation contained in the Nada Homeowner Agreement and this Memorandum, whether or not such person expressly assumes such restrictions, provisions, covenants, rights and limitations or whether or not any reference to the Nada Homeowner Agreement or this Memorandum is contained in the instrument conveying such interest in the Property to such person.
Subsequent Owners. In the event the ownership of the Mortgaged Premises or any part thereof becomes vested in a person other than Mortgagor, the Mortgagee may without notice to Mortgagor, deal with such successor or successors in interest with reference to this Mortgage and to the Note secured hereby in the same manner as with Mortgagor without in any way discharging or vitiating Mortgagor's liability hereunder or upon the Note.
Subsequent Owners. The Collateral Agent further agrees, on behalf of the holders of Secured Obligations, that any sale of [INSERT NAME OF PROJECTS SERVICING WECC FIXED PRICE PPA] (the "Project") shall be expressly subject to the rights and obligations of Power Purchaser under this Agreement. Each subsequent owner of the Project, including, as applicable, the Collateral Agent by virtue of foreclosure of its Lien on the Project, shall succeed to the obligations of the Collateral Agent and the holders of Secured Obligations hereunder. Each subsequent owner of the Project shall assume such obligations and shall take all actions reasonably necessary to cure any existing defaults hereunder that are capable of being cured, including, in the event that the WECC Fixed Price PPA has been rejected, avoided or otherwise terminated in violation of this Agreement, by entering into a replacement agreement with the Power Purchaser (or its successor or permitted assignee under the WECC Fixed Price PPA) on terms that are no less advantageous to the Power Purchaser (or its successor or permitted assignee under the WECC Fixed Price PPA).
Subsequent Owners. All sales of the Projects shall be expressly subject to the rights and obligations of the Parties hereunder and under the Shared Facilities Agreement. Each subsequent owner of the Facility and the Expansion Assets, including, as applicable, Collateral Agent by virtue of foreclosure of its lien on the Facility and Expansion Lender by virtue of foreclosure of its lien on the Expansion Assets, shall succeed to the rights and obligations of Facility Owner or Expansion Owner, as applicable, in and to the Shared Facilities, including all rights and obligations under the Shared Facilities Agreement. Each subsequent owner of the Facility and the Expansion Assets shall assume (in the case of the Collateral Agent, directly or indirectly through any agent or Affiliate) the rights and obligations of the owner of such property, as applicable, under the Shared Facilities Agreement and shall cure any existing defaults under the Shared Facilities Agreement by the Party to whose interest it succeeded that are capable of being cured.
Subsequent Owners. In the event the ownership ofthe Mortgaged Premises or any part thereof becomes vested in a person other than Mortgagor, the Mortgagee may, without notice to Mortgagor, deal with such successor or successors-in-interest with reference to this Mortgage and to the Note secured hereby in the same manner as with Mortgagor without in any way discharging or vitiating liability hereunder or upon the Note or any agreement between Mortgagor and Mortgagee. 22. Partial Payment. Acceptance by the Mortgagee or Agent of any payment in an amount less than the amount then due on the or due hereunder shall be deemed an acceptance on account only, and the failure to pay the entire amount then due shall be and continue to be, until paid H:\users\wp\credit\ssr\free3.5\documts\mtg-sprd.cn4:5.29.97:jan 2 8 to , ~ CO in full, an Event of Default. At any time thereafter, until the entire amount then due has been paid, the Mortgagee shall be entitled to exercise all rights conferred upon it in this Mortgage upon the occurrence of an Event of Default. 23.
