OBLIGATIONS OF THE OWNER Clause Samples
The "Obligations of the Owner" clause defines the specific duties and responsibilities that the owner of a project or property must fulfill under the agreement. Typically, this includes providing access to the site, supplying necessary information or approvals, and ensuring timely payments to contractors or service providers. By clearly outlining these requirements, the clause helps prevent misunderstandings and delays, ensuring that the project proceeds smoothly and that all parties are aware of their respective roles and expectations.
OBLIGATIONS OF THE OWNER. 5.1 The Owner agrees to provide the requisite access and authority for Coinllectibles to have access to information necessary for Coinllectibles to carry out the Services hereunder.
5.2 The Owner shall pay Coinllectibles the Fees (each of the Fees to be paid in full in one tranche and without set-off) as follows: Minting Fee in accordance with Clause 6.1(a) below; and Commission in accordance with Clause 6.1(b) below.
5.3 The Owner shall execute the Power of Attorney in accordance with Clause 9 below.
OBLIGATIONS OF THE OWNER. The Owner will observe, perform and discharge the following obligations:
A. Unless expressly otherwise authorized in writing by the City’s Office of Affordable Housing, the Owner must live in the Home full-time as the principal residence of the Owner in compliance with all federal, state or local laws related to the use by the Owner of the Home.
B. The Owner must pay all taxes and assessments on the Home when due.
C. The Owner must observe, perform and discharge the obligations of the Owner to the City in the Deed of Trust.
D. The Owner must timely observe, perform and discharge all loans or other obligations secured by an Encumbrance.
E. The Owner must observe, perform and discharge all private covenants, restrictions or declarations that bind the Home.
F. Any representations of the Owner to the City with respect to the qualification of the Owner as an eligible buyer must have been true at the time the representations were made.
G. The owner shall purchase and maintain full “Replacement Value” insurance coverage for all structures. Proof of said insurance shall be provided to The City.
OBLIGATIONS OF THE OWNER. A. The total compensation to be paid by OWNER to CONSULTANT for all work and services described in Exhibit “A” is not to exceed $212,501.00. CONSULTANT’S fees and charges for the work and services performed shall in no event exceed those set forth in Exhibit “B” attached hereto and made a part hereof.
B. No payment made hereunder by OWNER to CONSULTANT, other than the final payment, shall be construed as an acceptance by OWNER of any work or materials, nor as evidence of satisfactory performance by CONSULTANT of its obligations under this AGREEMENT.
OBLIGATIONS OF THE OWNER. Until the City’s Lien Amount is fully paid, the Owner will observe, perform and discharge the following obligations:
A. The Owner must observe, perform and discharge the obligations of the Owner to the City in the Mortgage.
B. The Owner must timely observe, perform and discharge all loans or other obligations secured by an Encumbrance.
C. If, on one or more occasions, the Owner wants to refinance, mortgage or otherwise create an Encumbrance against the interest of the Owner in the Home, the Owner must first give written notice to the City of the Owner’s intent to do so at least 15 days before the estimated date of the placing of the Encumbrance against the Home.
D. The Owner wants to sell or transfer the Home, the Owner must immediately give written notice to the City of the Owner’s desire to sell or transfer the Home.
E. At the same time the Owner places an Encumbrance against the Home or closes a sale or transfer of the Home as provided in this paragraph 1, the Owner will pay the City an amount equal to the City’s Lien Amount.
OBLIGATIONS OF THE OWNER. During the Term, the Party having title to any equipment to which Clauses 7.1 applies:
(a) shall not sell, hire, charge, mortgage, pledge or otherwise encumber the Equipment;
(b) shall ensure that the said Equipment is properly insured and maintained in good working order and, if required, repaired and replaced, and shall be responsible for any other costs and liabilities associated with the said Equipment; and
(c) shall make the said Equipment available to all the other Parties for the Project.
OBLIGATIONS OF THE OWNER. 3.1. The Owner covenants and agrees with the City:
a) that the Lands shall only be used for a Supportive Recovery Home in compliance with the terms, conditions, requirements and restrictions of this Agreement; and
b) to require the Operator to operate the Supportive Recovery Home in compliance with the terms, conditions, requirements and restrictions of this Agreement.
OBLIGATIONS OF THE OWNER. 7.1. The duties of the OWNER shall include:
7.1.1. Handing over the Property to URBAN ELEPHANT in a condition that is suitable for the letting of the Property, including removing all goods of personal value from the Property prior to the commencement of this agreement;
7.1.2. Purchasing a Starter Pack for the PROPERTY
7.1.3. Insuring the property against public liability claims or claims in respect of damages suffered by any guest to their person or property as well as insuring the property and all moveable goods inside the property against normal risks;
7.1.4. Attending to the payment of all operating expenses in respect of the Property electricity, water, rates, and taxes, unless the OWNER has specifically instructed URBAN ELEPHANT to pay such expenses and to invoice the OWNER accordingly;
7.1.5. Attending to maintenance of the Property in order to meet the standards that have been set by the OPERATOR but which shall exclude latent defects caused or created by initial building or construction, unless the OWNER has specifically instructed the OPERATOR to attend to such maintenance and to invoice the OWNER accordingly;
7.1.6. Ensuring that all contents and appliances provided by the OWNER in terms of the lease are in good order, safe and fit for the purpose for which they are intended; and
7.1.7. Ensuring that if the Property becomes unusable for any reason that is not attributable to URBAN ELEPHANT, and which impacts the honouring of any future bookings, that the costs of relocation or any ancillary costs thereby incurred, will be for the account of the OWNER.
7.2. If during the term of this agreement the OWNER wishes to occupy the PROPERTY for his own personal use, the OWNER will be obliged to reserve the accommodation in the PROPERTY. It is recorded that the OWNER’s occupation of the Property will be subject to availability. Laundry and cleaning costs will be for the OWNER’s account during this stay.
OBLIGATIONS OF THE OWNER. The Owner shall remain liable to perform all the obligations assumed by it in relation to the Assigned Property and the Mortgagee shall be under no obligation of any kind whatsoever in respect thereof or be under any liability whatsoever in the event of any failure by the Owner to perform its obligations in respect thereof.
OBLIGATIONS OF THE OWNER. Upon written demand of the Council, the Owner, at its sole cost and expense, shall do, or cause to be done, the following:
A. The Owner shall landscape the property in keeping with the Landscaping Plan approved by the City Council, and comply with the following landscaping requirements:
1. Plant material used for landscaping shall meet the criteria and specifications set forth in the ▇▇▇▇▇ Zoning Ordinance.
2. All planted areas on the property shall be maintained to the degree that they will not create a fire hazard or become unsightly to the development.
3. All signs on said site must be granted a permit, approved and shall meet the provisions of the ▇▇▇▇▇ Zoning Ordinance.
4. All lighting must be downward facing and not project directly onto adjacent properties.
C. Any street, alley, and parking surfaces covered with concrete or asphalt concrete pavement materials or any other surfacing materials shall be constructed per the approved site plan. Any changes must be approved, in writing, by the City Engineer.
D. Any and all grading and drainage improvements shall be completed in a manner that adjacent properties are not impacted by runoff. All runoff shall be mitigated on site and approved by the City Engineer.
OBLIGATIONS OF THE OWNER. The Owner hereby covenants with the Council as follows:-