COVENANT AGAINST PARTITION Sample Clauses

COVENANT AGAINST PARTITION. 22.1 The Members, on behalf of themselves, their legal representatives, heirs, successors and assigns, hereby specifically renounce, waive and fofeit all rights whether arising under contract, statute, or by operation of law, to seek, bring, or maintain any action for partition in any court of law or equity pertaining to any real property which the Company may now or in the future own, regardless of the manner in which title to any such property may be held.
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COVENANT AGAINST PARTITION. Except as otherwise provided in this Agreement, the Members, on behalf of themselves, their legal representatives successors and assigns, hereby specifically renounce, waive and forfeit all rights whether arising under statute, or by operation of law, to seek, bring, or maintain any action in any court of law or equity for partition of the Property, or any interest which is considered to be LLC property, regardless of the manner in which title to any such property may be held, and upon any breach of the provisions of this Section 14.4, the other Member, in addition to all rights and remedies in law and equity, shall be entitled to a decree or order restraining or enjoining such application, action or proceeding.
COVENANT AGAINST PARTITION. By acceptance of its interest in the Site, the Participant shall be deemed to covenant for itself and for its heirs, representatives, successors and assigns, that it will not institute legal proceedings or otherwise seek to effect partition of its right and interest in the interest being conveyed to the Participant, or the burdens running with the land as a result of this Regulatory Agreement.
COVENANT AGAINST PARTITION. Each Owner shall be deemed to covenant and agree for itself and its heirs, personal representatives, successors and assigns, that there shall be no judicial partition of the Common Area and the same shall remain undivided, nor shall Declarant or any Person acquiring any interest in the Project or any part thereof, seek any such judicial partition unless the structures in the Project are totally or partially destroyed and the Owners elect not to rebuild as hereinabove provided. Each Person acquiring any interest in the Project shall by such acquisition be deemed to have waived any right to partition of any Parcel or the Common Area, except as herein provided. Notwithstanding the foregoing, if any Parcel shall be owned by two or more tenants-in-common or joint tenants, nothing herein contained shall be deemed to prevent a partition by sale of such Parcel (exclusive of any portion of any Parcel which is part of the Common Area) as between such tenants-in-common or joint tenants. No Owner may sell or convey all or part of its undivided interest in any of the Common Area, except in conjunction with the sale of its Parcel, nor may it encumber any part or all of its undivided interest in the Common Area except in conjunction with an encumbrance of its Parcel.
COVENANT AGAINST PARTITION. The common elements shall remain undivided. No owner of any condominium unit or any other person shall bring any action for partition or division thereof except as may be provided for in the Horizontal Property Act. *
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