CC&Rs and Water Covenants Sample Clauses

CC&Rs and Water Covenants. Buyer acknowledges that Buyer has received a copy of the Pulehunui Industrial Subdivision Declaration of Covenants, Conditions and Restrictions (the “CC&Rs”) and the Pulehunui Water Association, Inc. Declaration of Covenants (the “Water Covenants”), and any amendments, has read the documents prior to signing this contract, and understands and accepts their provisions. Buyer understands that Buyer will be required to be a member of both Associations and will be obligated to pay certain general and special assessments which shall be established from time to time, non-payment of which may result in a lien on Buyer’s Property. The CC&Rs and Bylaws shall establish the Lot Owners Association as the governing body of the subdivision, to hold and manage all common areas and facilities (except the water system) and to collect and disburse funds for those purposes as needed. The CC&Rs shall also provide for certain easements in connection with this subdivision and the development of adjacent lands, and provides that Seller may establish additional easements over any lots and common areas as may be required before or after the closing to implement the subdivision or to meet the development needs of other projects in the vicinity of the project relating to retainage or utilities. The CC&Rs limit the use of the Property to certain specific uses and refer to certain limitations in the applicable zoning rules. The Water Covenants shall establish the Water Association as the governing body of the water system. Estimated first-year budgets for each Association have been separately provided to Buyer (or are available on request). These figures are estimates only, and Xxxxxx does not warrant their accuracy. Buyer shall pay start-up fees of $500.00 to the Lot Owners Association at closing, plus advance payment of two months’ estimated monthly assessments. Regular monthly assessments shall commence after closing and the commencement of the Associations’ management and maintenance functions. Xxxxx agrees that Seller may change said CC&Rs and Water Covenants at any time before or after the closing in Seller’s discretion and without requiring Buyer’s consent if Seller, in good faith, deems it advisable or such change is required by any lender or governmental agency. Seller may also change the CC&Rs and Water Covenants after closing as provided therein.
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Related to CC&Rs and Water Covenants

  • Representations and Warranties Borrower represents and warrants as follows:

  • Compliance Neither the Company nor any Subsidiary: (i) is in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under), nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation has been waived), (ii) is in violation of any judgment, decree or order of any court, arbitrator or other governmental authority or (iii) is or has been in violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws relating to taxes, environmental protection, occupational health and safety, product quality and safety and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.

  • Further Assurances Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Compliance with Laws Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Dimensions Education Bachelor’s Degree in Computer Science, Information Systems, or a related field. Or equivalent work experience. Experience: A minimum of 3 years of IT work experience in production and operations support.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

  • Confidential Information The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive's employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive's employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it. In no event shall an asserted violation of the provisions of this Section 10 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

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