Declaration of Land Use Restrictive Covenants Sample Clauses

The Declaration of Land-Use Restrictive Covenants is a legal provision that formally establishes specific limitations or requirements on how a property may be used. Typically, this clause is recorded in public land records and may restrict activities such as commercial development, building height, or types of permissible structures on the property. Its core function is to ensure that the property is used in accordance with agreed-upon standards or regulatory requirements, thereby preserving the intended character of the land and preventing uses that could negatively impact the surrounding area.
Declaration of Land Use Restrictive Covenants and the provisions contained therein, and agree and consent to the provisions in Section 8 of this document.
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Declaration of Land Use Restrictive Covenants. OHCS and the Owner hereby declare their express intent that throughout the Affordability Period the covenants, restrictions, charges and easements set forth herein will be deemed covenants running with the land of the Project and will create equitable servitudes running with the land of the Project, and will pass to and be binding upon OHCS' and the Owner's successors in title including any purchaser, transferee, or lessee of any portion of the Project and any other person or entity having any right, title or interest therein and upon the respective heirs, executors, administrators, devisees, successors and assigns of any purchaser, transferee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein. Each and every contract, deed or other instrument hereafter executed covering or conveying the Project or any portion thereof or interest therein (other than a rental agreement or lease for a dwelling unit) will contain an express provision making such conveyance subject to the covenants, restrictions, charges and easements contained herein; provided, however, that any such contract, deed or other instrument will conclusively be held to have been executed, delivered and accepted subject to such covenants, regardless of whether or not such covenants are set forth or incorporated by reference in such contract, deed or other instrument.
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Declaration of Land Use Restrictive Covenants. OHCS and ▇▇▇▇▇▇▇▇ hereby declare their express intent that, throughout the Affordability Period, the covenants, restrictions, charges and easements set forth herein (including, without limitation, the Affordability Requirements, all other requirements set forth in Section 5 and the restrictions on transfer and Project completion requirements set forth in Section 6) will be deemed covenants running with the Property and will create equitable servitudes running with the Property, and will pass
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Declaration of Land Use Restrictive Covenants. OHCS and the Owner hereby declare their express intent that throughout the Affordability Period the covenants, restrictions, charges and easements set forth herein will be deemed covenants running with the land of the Project and will create equitable servitudes running with the land of the Project, and will pass to and be binding upon OHCS' and the Owner's successors in title including any purchaser, transferee, or lessee of any portion of the Project and any other person or entity having any right, title or interest therein and upon the respective heirs, executors, administrators, devisees, successors and assigns of any purchaser, transferee or lessee of any portion of the Project and any other person or entity having any right, title or interest therein.
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Declaration of Land Use Restrictive Covenants. Grantor shall fulfill all of the following obligations as Declaration of Land Use Restrictive Covenants: 3 | P a g e FULTON COUNTY HOME OWNERSHIP PROGRAM SECOND MORTGAGE LOAN SECURITY DEED The Grantor agrees and covenants with ▇▇▇▇▇▇▇ that throughout the term of the Loan, the entire affordability period (as defined further). The Affordably Period is based on the amount of funds provided in this document, begins on the entering of data into HUD’s reporting system and assist Fulton County preserve affordable housing in our communities. In order to satisfy the requirements of the HOME Program, that Grantor will not: (i) Rent, or contract to rent, lease/sublease, sell or abandon the Property, or any part thereof, whether voluntarily or involuntarily, to any individual or individuals; or (ii) Use the Property as an investment property; or (iii) Use the Property as a recreational home or "second" home; or (iv) Change the use of the Property, or any part thereof, to a use other than for single-family occupancy. Upon the sale or transfer of the Property before the term of the Fulton County HOME loan expires, ▇▇▇▇▇▇▇ further agrees to repay an amount equal to the net proceeds of the Fulton County HOME loan. Net proceeds means the sales price minus the first loan repayment, standard real estate commissions, if any, real estate taxes and closing costs. If a transfer of the property is made to a lineal heir(s), upon the death of the borrower: the said lineal heir(s) is not typically eligible for assistance under the Fulton County Home Ownership Program and the said lineal heir must repay the loan in full or pay the amount remaining after satisfaction of the first mortgage and closing costs; if the lender permits the lineal heir to assume the first mortgage, and the lineal heir is HOME income-eligible, then the County’s loan agreement should permit the lineal heir to also assume the HOME loan if he/she agrees to occupy the property as their principal residence and other deed restrictive covenant items for the entire affordability period then there are no net sale proceeds; if a lineal heir inherits the property and immediately sells it, he/she must repay the net sales proceeds up to the amount of the remaining balance of the HOME loan and if the lender permits the lineal heir to assume the first mortgage, and the lineal heir is over-income for HOME assistance, the lineal heir must repay the remaining balance of the HOME loan. The Grantor agrees that, as a condition of ...
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Declaration of Land Use Restrictive Covenants. This Local Innovation and Fast Track Housing Program Operating Agreement and Declaration of Land-Use Restrictive Covenants (this “Operating Agreement” or “Agreement”) is made and entered into this [#~] day of [Month~], 2017 by and between [Name of Owner~], an Oregon [type of entity~] ("Owner"), and the State of Oregon, acting by and through its Housing and Community Services Department, together with its successors and assigns ("OHCS").
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Related to Declaration of Land Use Restrictive Covenants

  • Restrictive Covenants Agreement As a condition of entering into this Agreement, Executive is required to enter into the Employee Confidentiality, Assignment, Nonsolicitation and Noncompetition Agreement, attached hereto as Exhibit A (the “Restrictive Covenants Agreement”). For purposes of this Agreement, the obligations in this Section 8 and those that arise in the Restrictive Covenants Agreement and any other agreement relating to confidentiality, assignment of inventions, or other restrictive covenants shall collectively be referred to as the “Continuing Obligations.”

  • Restrictive Covenant Agreement The Company’s obligations under this Agreement, including the Company’s agreement to provide severance and to allow Employee to participate in the other compensation programs as provided on Schedule A, is conditioned on Employee signing a Restrictive Covenant Agreement in the form of Schedule B (the “Restrictive Covenant Agreement”).

  • Confidentiality and Restrictive Covenants (a) The Executive acknowledges that: (i) the Company (which, for purposes of this Section 8 shall include the Company and each of its subsidiaries and affiliates) operates membership warehouse clubs in Central America, Colombia and the Caribbean (the “Business”); (ii) the Company is dependent on the efforts of a certain limited number of persons who have developed, or will be responsible for developing the Company’s Business; (iii) the Company’s Business is international in scope; (iv) the Business in which the Company is engaged is intensely competitive and that Executive’s employment by the Company will require that he have access to and knowledge of nonpublic confidential information of the Company and the Company’s Business, including, but not limited to, certain/all of the Company’s products, plans for creation, acquisition or disposition of products or publications, strategic and expansion plans, formulas, research results, marketing plans, financial status and plans, budgets, forecasts, profit or loss figures, distributors and distribution strategies, pricing strategies, improvements, sales figures, contracts, agreements, then existing or then prospective suppliers and sources of supply and customer lists, undertakings with or with respect to the Company’s customers or prospective customers, and patient information, product development plans, rules and regulations, personnel information and trade secrets of the Company, all of which are of vital importance to the success of the Company’s business (collectively, “Confidential Information”); (v) the direct or indirect disclosure of any Confidential Information would place the Company at a serious competitive disadvantage and would do serious damage, financial and otherwise, to the Company’s business; (vi) by his training, experience and expertise, the Executive’s services to the Company is special and unique; (vii) the covenants and agreements of the Executive contained in this Section 8 are essential to the business and goodwill of the Company; and (viii) if the Executive leaves the Company’s employ to work for a competitive business, in any capacity, it would cause the Company irreparable harm.