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Covenants of the City Sample Clauses

Covenants of the City. Upon proper completion of the Community Facilities, the City agrees to accept the Community Facilities by a written Letter of Acceptance. It is understood and agreed that the City shall have no liability or responsibility for the Community Facilities until a Letter of Acceptance is issued.
Covenants of the City. To permit the Licensee peaceably and quietly to have, hold and enjoy use of the facility for the purposes and for the term herein specified, subject to the provisions of this agreement.
Covenants of the CityThe City shall fail to observe or perform any of its agreements, covenants or obligations under the Agreement for the benefit of the Holders and such failure is not remedied within 30 days after written notice thereof is given by the Trustee to the City and the Authority or by the Authority to the Trustee and the City.
Covenants of the City. The City covenants and agrees, from the date hereof and until the later of the Commitment Termination Date or the Amortization End Date, and the payment in full of all Obligations, unless the Bank shall otherwise consent in writing:
Covenants of the CityDuring the term of this Agreement, and until the Obligations are paid in full, including full payment of the Note, unless the Bank shall otherwise consent in writing, the City covenants and agrees as follows:
Covenants of the City. The obligations of the Redeveloper to convey the Public Garages to the City and to convey and/or deliver the Site Improvements, as applicable, shall be subject to the satisfaction of the following conditions precedent with respect to the Public Improvements: (a) the payment by the City to the Redeveloper on the Public Improvements Closing Date, to a bank account designated by the Redeveloper in cash or via wire transfer or other form of immediately available funds, a sum equal to the aggregate amount of all Public Improvements Costs incurred by the Redeveloper with respect to the Public Improvements, as detailed in the Public Improvements Cost Schedule delivered to the City in connection with the Public Improvements Closing; provided, however, and notwithstanding anything to the contrary in this Agreement, that the maximum amount payable under Section 8.4(a) shall not exceed the maximum purchase price for the Public Improvements set forth on the Public Improvements Budget (after any adjustment for the Net Cost Impact of City Change Orders related to the Public Improvements). Notwithstanding anything to the contrary contained in this Agreement but without duplication, the City shall be entitled to hold back from such payment cash in the amount of up to one hundred thirty percent (130%) of the estimated cost of any Punch List Items as reflected on the Architect’s Completion Certificate for any such Public Improvement (or, if any of such Punch List Items reflected in the Architect’s Completion Certificate have been completed prior to the Public Improvements Closing, of the estimated cost of remaining Punch List Items as reflected on the Punch List Certificate for such Public Improvement); provided, however, that the sum established for individual line items of the Punch List hold back are to be paid by the City to the Redeveloper as the corresponding Punch List Item is completed in substantial accordance with the Plans, this Agreement and all Legal Requirements (subject, in the case of Environmental Laws, to the Active Environmental Remediation Activities standard) or as otherwise approved by the Finance Director; provided, further, however, that Redeveloper may not requisition payment for Punch List Items more often than monthly. This paragraph shall survive the Public Improvements Closing. The Redeveloper’s obligation to complete Punch List Items shall survive the Public Improvements Closing. (b) The Agency has issued a combined Certificate of Completion fo...
Covenants of the City. Section 4.01. Tax Covenants with Respect to the Series 2020A Certificates 5 Section 4.02. The City’s Continuing Existence 6 Section 4.03. Continuing Disclosure 6
Covenants of the City. So long as any of the principal of or interest on the Note shall be outstanding and unpaid, the City covenants with the Lender as follows:
Covenants of the City a. The City agrees that it has the authority to license the use of said Premises in the manner aforesaid. b. The City shall provide the Operator with an annual stipend, which shall be used exclusively to defray the cost of utility, maintenance and security bills servicing the Premises. The Operator must provide the City with an annual audit of said expenditures no later than December 31st of each calendar year. The annual stipend, in accordance with the schedule set forth below, shall be paid by October 1st of every year beginning on the first year of this Agreement and on each anniversary thereafter as follows: 1. JULY 1, 2020 through JUNE 30, 2021 Eighty thousand dollars ($80,000.00) 2. JULY 1, 2021 through JUNE 30, 2022 Eighty thousand dollars ($80,000.00) 3. JULY 1, 2022 through JUNE 30, 2023 Eighty five thousand dollars ($85,000.00) 4. JULY 1, 2023 through JUNE 30, 2024 Eighty five thousand dollars ($85,000.00) 5. JULY 1, 2024 through JUNE 30, 2025 Ninety thousand dollars ($90,000.00) 6. JULY 1, 2025 through JUNE 30, 2026 Ninety thousand dollars ($90,000.00) 7. JULY 1, 2026 through JUNE 30, 2027 Ninety five thousand dollars ($95,000.00) 8. JULY 1, 2027 through JUNE 30, 2028 Ninety five thousand dollars ($95,000.00) 9. JULY 1, 2028 through JUNE 30, 2029 One hundred thousand dollars ($100,000.00 10. July 1, 2029 through June 30, 2030) One hundred thousand dollars ($100,000.00) c. The City shall be responsible for ice and snow removal from driveways and parking areas at the Premises. d. The Operator shall have the right to install and maintain signs on the exterior and interior of the Premises and shall have the right to install and maintain signs relating to theatrical productions on the City’s property that is located near the roadway on Newfield Avenue that is adjacent to the Premises’ driveway. The City retains the right to require the Operator to follow reasonable time, place and manner restrictions and, therefore, no sign shall be placed pursuant to this Section until after the Operator has notified the City in writing of its desire to put up signage, and the City’s Director or Operations has given written approval in advance of the placing of said signage. e. The City shall give the Operator, its employees, agents, independent contractors, invitees, licensees, clients, patrons, students and attendees, access in and to the Premises from available access ways and shall also give access to parking in designated areas at the Sterling Farms Golf Course...