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thereof, as the case may be) owns a direct or indirect interest in the Police facility or the <br /> Police Facility Site or any portion thereof. <br /> 7.4 Duration of Covenants. It is intended and agreed that the covenants provided in <br /> Sections 7.1 and 7.3 of this Agreement shall remain in effect until the earlier of (i) <br /> termination of the Redevelopment Plan, or(ii) December 31, 2036 and that the covenants <br /> provided in Section 7.2 hereof shall remain effective without any time limitation; <br /> provided, that all such covenants shall be binding on the Redeveloper only for such <br /> period as the Redeveloper maintains a direct interest in the Police Facility Site or the <br /> Police Facility or part thereof (excluding, for example, an interest therein solely as a <br /> creditor or mortgagee), and only with respect to such direct interest in the Police Facility <br /> Site or the Police Facility or part thereof. <br /> 7.5 Covenants Running with the Land. Subject to Section 7.4, it is intended and agreed <br /> that the covenants set forth in Sections 7.1 through 7.3 above shall be covenants running <br /> with the land and that they shall in any event be binding to the fullest extent permitted by <br /> law and equity, for the benefit and in favor of and enforceable by the City, and with <br /> regard to Section 7.2 hereof, the City, the State of Illinois and the United States of <br /> America. <br /> 7.6 Covenants Binding for the Benefit of City. Subject to Section 7.4, it is also intended <br /> and agreed that the foregoing covenants set forth in Sections 7.1 through 7.3 above shall <br /> in any event, and without regard to technical classification or designation as legal or <br /> otherwise, be, to the fullest extent permitted by law and equity, binding for the benefit of <br /> the City and enforceable by the City, the State of Illinois and the United States of <br /> America as provided in Section 7.5. <br /> 7.7 Forms of Covenants and Restrictions. Certain of the covenants, uses and restrictions <br /> referred to in this Article VII shall substantially be in the form of the Declaration of <br /> Covenants, Uses and Restrictions attached hereto and made a part hereof as Exhibit 4, <br /> which shall be executed and recorded with the Macon County Recorder of Deeds on or <br /> before the date that the Redeveloper commences construction of the Police Facility. <br /> ARTICLE VIII: INDENINIFICATION <br /> 8.1 The Redeveloper's Indemnification of the City. So long as the Redeveloper maintains <br /> a direct interest in the Police Facility or the Police Facility Site or any part thereof <br /> (excluding, for example, an interest therein solely as a creditor or mortgagee), except for <br /> acts of the City or third parties in violation of the ten-ns of the Lease or the acts of <br /> negligence on the Part of the City, its officers, agents, employees and attorneys, the <br /> Redeveloper agrees to indemnify and save the City and its officers, agents, employees <br /> and attorneys harmless against all claims by or on behalf of any person, firm or <br /> corporation arising from (i) the Redeveloper's ownership of Police Facility or the Police <br /> Facility Site, or from any work or thing done by the Redeveloper on the Police Facility <br /> Site or the Police Facility, or any work or activity of the Redeveloper connected to the <br /> construction of the Police Facility or the Street Improvements; (ii) any breach or default <br /> on the part of the Redeveloper in the perfonnance of any of its obligations under or in <br /> respect of this Agreement; (iii) any act of negligence or willful or wanton misconduct of <br /> the Redeveloper or any of its agents, contractors, servants or employees; (iv) any <br /> violation by the Redeveloper of any easements, conditions, restrictions, buildincy <br /> 12 <br />