Restrictions of Record Clause Samples

The 'Restrictions of Record' clause defines limitations or conditions that are officially documented and affect the use, transfer, or development of a property or asset. In practice, this clause may reference recorded easements, covenants, zoning restrictions, or other legal encumbrances that are filed in public records and bind current and future owners. Its core function is to ensure that all parties are aware of and comply with existing legal constraints, thereby preventing disputes and clarifying permissible uses of the property or asset.
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Restrictions of Record. The Project Sponsor hereby represents and warrants that there are not now, and there will not be, any restrictions of record with respect to the Facility or the Cultural Project, including without limitation, any encumbrances, liens or other matters, which would interfere with or otherwise impair the use of the Facility as an Ohio cultural facility or the rights and obligations granted hereunder by the Project Sponsor to the Commission. The Project Sponsor represents that it is the fee simple owner of the premises on which the Facility is located, as described in Section 2.1 of this Agreement.
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Restrictions of Record. Subject to a legitimate payment dispute that Seller will resolve without any adverse effect to the Property or Buyer prior to the Closing, Seller shall make all payments and perform all its obligations under any covenants, conditions, restrictions or similar documents of record which accrue during the period prior to the Closing.
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Restrictions of Record. Lessee acknowledges and understands the Project is subject to certain existing restrictions of record (including, without limitation, a declaration of covenants, conditions and restrictions). Without limiting any of the other provisions in this Lease, Lessee acknowledges that it has an opportunity to review such existing restrictions of record and Lessee agrees that it shall not use or occupy the Premises in a manner that violates the terms and conditions of such restrictions of record.
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Restrictions of Record. Permitted Title Exceptions (as defined below), zoning ordinance and items disclosed by the Survey as defined below.
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Restrictions of Record. It is understood and agreed that the ---------------------- lease is subject to any and all existing easements and other covenants of record. Further, Lessee understands that Lessor shall be giving a leasehold mortgage to finance the construction of said premises, and that this lease shall be subordinate to any and all leasehold mortgage given to finance said construction and improvements; provided, however, that Lessor shall secure from the mortgagee of said leasehold mortgage a non-disturbance agreement which provides that as long as the Lessee is not in default of its rent payments and other obligations under the lease, said mortgagee will not disturb Lessee's interest under the lease and possession of the premises regardless of whether Lessor is in default under its mortgage with the mortgagee, and that Lessee shall attorn to any purchaser at any foreclosure sale or to any grantee designated given in lieu of foreclosure, and such purchaser or grantee shall accept such attornment. Lessee shall execute any and all agreements which may be reasonably required by the lender to accomplish the purposes of this paragraph.
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Related to Restrictions of Record

  • Importer of Record If any Goods are imported, Seller shall when possible allow AGILENT to be the importer of record, unless otherwise specified or approved by AGILENT. If AGILENT is not the importer of record and Seller obtains duty drawback rights to the Goods, Seller shall furnish to AGILENT, upon request, information and documentation required by the customs authorities of the country of receipt to prove importation and to transfer duty drawback rights to AGILENT.

  • Places of Business and Locations of Records The principal places of business and chief executive office of such Seller Party and the offices where it keeps all of its Records are located at the address(es) listed on Exhibit III or such other locations of which the Agent has been notified in accordance with Section 7.2(a) in jurisdictions where all action required by Section 14.4(a) has been taken and completed. Seller's Federal Employer Identification Number is correctly set forth on Exhibit III.

  • Clearing of Record Any letter of reprimand, suspension or any other sanction will be removed from the record of an employee eighteen (18) months following the receipt of such letter, suspension or other sanction provided that such employee’s record has been discipline free for one year. All leaves of absence in excess of ten (10) calendar days will not count toward either of the above periods.

  • Marking of Records At its expense, the Seller (or the Servicer on its behalf) shall ▇▇▇▇ its master data processing records relating to Pool Receivables and related Contracts, including with a legend evidencing that the undivided percentage ownership interests with regard to the Aggregate Participation related to such Receivables and related Contracts have been sold in accordance with the Agreement.

  • Retention of Records The Contractor and its subcontractors shall maintain all records pertinent to this Agreement, and all other financial, statistical, property, participant records, and supporting documentation for a period of no less than seven (7) years from the later of the date of acceptance of the final payment or until all audit findings have been resolved. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the retention period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the seven (7) years, whichever is later, and until any outstanding litigation, audit, or claim has been fully resolved.