Common use of Enforceable Documents Clause in Contracts

Enforceable Documents. The Developer covenants, warrants, represents and agrees for the benefit of the City and the Park Board that it has the full power and authority to grant the easements on the Trail Parcel, to fulfill its obligations under this Easement Agreement, that such covenants and obligations constitute the legally binding obligations of it and that all Trail Improvements will be located entirely within the boundaries of the Trail Parcel. Further, the Developer has, concurrent with the filing of this Agreement, provided the City and Park Board with a title insurance policy(ies) in the amount of $324,075.00 from a title insurance company reasonably acceptable to it that ensures the priority of this Easement Agreement over all other liens, security interests and encumbrances.

Enforceable Documents. The Developer covenants, warrants, represents and agrees for the benefit of the City and the Park Board that it has the full power and authority to grant the easements on the Project Trail ParcelProperty, to fulfill its obligations under this Easement Agreement, that such covenants and obligations constitute the legally binding obligations of it and that all Trail Improvements will be located entirely within the boundaries of the Trail ParcelProperty. Further, the Developer has, concurrent with the filing of this Agreement, provided the City and Park Board with a title insurance policy(ies) in the amount of $324,075.00 237,849.75.00 from a title insurance company reasonably acceptable to it that ensures the priority of this Easement Agreement on the Project Trail Property over all other liens, security interests and encumbrances.