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�' N � � , .1 • r 99 106376 or death of any person or damage to or destruction of any property resulting from the willful or negligent act or omission of the indemnifying Owner. 8. GENERAL PROVISIONS 8.1 Covenants Run With the Land. Each Restriction on each Parcel shall be a burden on that Parcel, shall be appurtenant to and for the benefit of the other Parcels and each part thereof to which its benefit runs, and shall run with the land. Notwithstanding the foregoing, the Restrictions in Section 5.1 shall be appurtenant to and for the benefit of only Parcel2 and each part thereof and may be waived in writing only by the Owner and Prime Lessee of Parcel 2 without the joinder of any other person. , 8.2 Successors and Assigns. (a) Persons Bound. This Declaration and the Restrictions created hereby shall inure to the benefit of and be binding upon the Owners, their heirs, successors, assigns and personal representatives, and upon any person acquiring a Parcel, or any portion thereof, or any interest therein, whether by operation of law or otherwise. Notwithstanding the foregoing, if any Owner sells or transfers all or any portion of its interest in any Parcel, such Owner shall, upon delivery of the Transfer Notice (as defined in subparagraph [b] below), be released and discharged from all of its obligations as Owner in connection with the property sold by it arising under this Declaration after the sale and conveyance of title but shall remain liable for all obligations arising under this Declaration prior to the sale and conveyance of title. The new Owner of any such Parcel or any portion thereof (including, without limitation, any Owner [or Lienholder] who acquires its interest by foreclosure, trustee's sale or otherwise) shall be liable for all obligations arising under this Declaration with respect to such Parcel or portion thereof after the date of sale and conveyance of title. (b) Transfer Notice. An Owner selling or transferring all or any portion of its interest in any Parcel shall give prior written notice thereof("Transfer Notice") to all Owners of Parcels in the Phase in which the Parcel being transferred is located, and also to all Consenting Owners in the Shopping Center. The Transfer Notice shall include at least the following information: (i) the name, current address and current phone number of the transferor, (ii) the name, current address and current phone number of the transferee, and (iii) a copy of the legal description of the Parcel, or portion thereof, or other interest sold or transferred. 8.3 Duration. Except as hereinafter provided, the term of this Declaration shall be for a period of sixty-five (65) years ("Primary Period") from the date hereof. Notwithstanding the foregoing, upon the expiration.of the Primary Period, the term of this Declaration shall automatically renew for successive periods of ten (10) years each (each such period being referred to as an "Extension Period") unless, at least ninety (90) days prior to the date of 24