It is mutually covenanted and agreed by and between the parties hereto, that each of the expressions, phrases, terms, conditions, provisions, stipulations admissions, promises, agreements, requirements and obligations of this lease shall extend to and bind and inure to the benefit of (as the case may require) not only the parties hereto, but each and every of their heirs, executors, administrators and assigns of the respective parties of the first and second part hereto; and wherever in this lease a reference to either of the parties hereto is made, such reference shall be deemed to include, wherever applicable, also a reference to the heirs, legal representatives and assigns of such party the same as if in every case expressed; and all the conditions and covenants contained in this lease shall be construed as covenants running with the land.