DECLARATION OF RESTRICTIVE COVENANTS Sample Clauses
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DECLARATION OF RESTRICTIVE COVENANTS. With respect only to the Project under this Mixed-Finance ACC Amendment, Section 8 of the ACC is modified in its entirety to read as follows: The Authority shall require the Owner Entity to execute and file for record against the Development, in the order approved by HUD, a Declaration in the form approved by HUD. The Declaration shall confirm and evidence the Owner Entity’s obligation, during the term of this Mixed-Finance ACC Amendment and the Regulatory and Operating Agreement covering the Project Units and during such further period when such approval may be required by law as then in effect, to develop, maintain and operate the Project Units in compliance with the Applicable Public Housing Requirements. The Declaration shall provide further that it may not be modified, amended or released without the prior written approval of HUD.
DECLARATION OF RESTRICTIVE COVENANTS. If the REAL PROPERTY is to be used as attainable rental housing, APPLICANT agrees to recordation of APPLICANT’s declaration of restrictive covenants on the REAL PROPERTY, in a form substantively similar to that contained in Exhibit C, which will set a five (5) year affordability period for the rental units with limitations on rental prices to be charged to income qualified households, to be determined annually. Further, APPLICANT agrees to submit income data documentation, tenant release authorizations, and other relevant information in a form acceptable to CITY to demonstrate compliance with this Section.
DECLARATION OF RESTRICTIVE COVENANTS. THIS DECLARATION OF RESTRICTIVE COVENANTS ("Declaration"), made this day _____ of ______________, 20__, by ___________________, a ______________________ having offices at ___________________________________ ("Owner"), in favor of the City of Miami, Florida, a municipality of the State of Florida ("City").
DECLARATION OF RESTRICTIVE COVENANTS. This Assignment and Assumption of Regulatory Agreement and Declaration of Restrictive Covenants (“Assignment”), is entered into as of the day of March, 2019 (the “Effective Date”), by and among STEADFAST MARINA HEIGHTS, L.P., a California limited partnership ("Assignor"), FFAH MARINA HEIGHTS, LLC, a California limited liability company ("Assignee"), and the COUNTY OF CONTRA COSTA, a political subdivision of the State of California (the “Issuer”) with reference to the following:
DECLARATION OF RESTRICTIVE COVENANTS. Owner must record the Declaration of Restrictive Covenants, in form satisfactory to ADFA, that provides a means for enforcement of the affordability restrictions of 24 CFR § 93.302, related HTF Program requirements, and the ongoing operational and performance requirements. Excepting any applicable covenants or restrictions associated with the award of LIHTC, the Declaration of Restrictive Covenants must be senior to all other liens and/or security instruments identified in the Permitted Encumbrances, including any mortgages otherwise senior the Mortgage, and enforceable against all successors in interest to Owner.
DECLARATION OF RESTRICTIVE COVENANTS. The Contractor agrees that it will be required to enter into and execute of a Declaration of Restrictive Covenants with respect to the Property requiring that all units be maintained as Affordable Rental Units for the Period of Affordability. The failure to enter into and execute the Declaration of Covenants required by this provision FOURTH shall result in the return of the Funds and shall survive the termination or expiration of this Agreement. Notwithstanding the foregoing, the Town acknowledges that certain units at the Property are currently occupied as market rate units and will be permitted to remain as market rate units while occupied by the current tenants. In the event the current tenants no longer occupy any market rate unit, Contractor, or any future owner of the Property, shall be required to market any such unit as an Affordable Rental Unit going forward for the Period of Affordability as set forth in Paragraph FIRST above. FIFTH. Termination In the event that the Town determines that the Contractor is not in compliance with any of the requirements set forth herein, within thirty (30) days the Contractor shall immediately take such action to bring the Contractor in compliance with the foregoing, as may be directed by the Town, or this shall be considered a default under this Agreement and the Town shall have the right to terminate this Agreement and require the return of any Funds provided to Contractor. This provision shall survive the termination of this Agreement.
DECLARATION OF RESTRICTIVE COVENANTS. The Contractor agrees that it has or will be required to enter into and execute a Declaration of Restrictive Covenants with respect to the Property requiring that all units be maintained as Affordable Rental Units for the Period of Affordability. The failure to enter into and execute the Declaration of Covenants required by this provision FOURTH shall result in the return of the Funds and shall survive the termination or expiration of this Agreement.
DECLARATION OF RESTRICTIVE COVENANTS. (ENCROACHMENT ON CITY EASEMENT)
DECLARATION OF RESTRICTIVE COVENANTS. This Declaration of Restrictive Covenants (this “Declaration”) is made as of , 20 , by Saint ▇▇▇▇▇▇▇▇▇ Medical Center – Nampa, Inc., an Idaho nonprofit corporation (“Declarant”).
DECLARATION OF RESTRICTIVE COVENANTS. This Declaration of Restrictive Covenants (the "Declaration"), made this day of , 20 (“Effective Date”), by BROWARD COUNTY, a political subdivision of the State of Florida, by its Board of County Commissioners, hereinafter referred to as "COUNTY," and Related FATVillage, LLC, a Florida limited liability company, hereinafter referred to as "TENANT."