Declaration of Restriction Sample Clauses

Declaration of Restriction. In order to address the site conditions in Article V Section 1 above, the City requires that the Developer execute and record a declaration of restriction substantially similar in form to Exhibit F requiring that Developer’s full site shall be considered one parcel for resale and shall not be conveyed independently unless replatted or as otherwise approved by the City.
Sample 1
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Declaration of Restriction. Seller shall be ready, willing and able to record a Declaration of Restriction, enforceable by Purchaser, in substantially the form attached as Exhibit H, prohibiting the use of Land Bay D and Land Bay E for the sale of residential units, whether as condominium, cooperative, or townhouse units. The Declaration of Restriction shall continue in effect until the earlier of (i) the date on which all residential units constructed on Land Bay F have been substantially completed, sold and conveyed, or (ii) December 31, 2008.
Sample 1
Declaration of Restriction. A Declaration of Restriction, ready for recordation in the land records of the applicable Governmental Authority, substantially in the form of Exhibit H, satisfying the condition set forth in Section 8.2(e).
Sample 1
Declaration of Restriction for Clover Communities Xxxxxxxxxx, LLC This declaration of deed restrictions of parcels 31A 00 40 000 240 and 31A 00 40 000 250, and described in Exhibit A attached is made this day of , 201 by Clover Communities Xxxxxxxxxx, LLC, herein after as "DECLARANT”, whose address is 000 Xxxxxx Xxxx Road, Williamsville, NY 14221.
Sample 1
Declaration of Restriction. This Contract shall be binding on any transferee or purchaser of the Property. Landowner shall execute a Declaration of Restriction in the form attached hereto as Exhibit D. Said Declaration of Restriction shall be recorded in the appropriate Register of Deeds’ Office by NCFSCW. Landowner understands that pursuant to the terms and conditions of the Agreement that NCFSWC may be required to assign the Declaration of Restriction to the NAVY and Landowner hereby consents to such assignment as a condition of this Contract. Should the Declaration of Restriction be assigned to the NAVY as a result of termination of this Contract by either party, NAVY has the unilateral right to continue annual payments to the Landowner, or at the sole discretion of the NAVY, make a lump sum payment to continue the enforceability of the Declaration of Restriction. The payment, whether lump sum or in annual installments shall not exceed the unpaid balance of the purchase price of the Declaration of Restriction due for the remaining term of the Contract and is subject to the availability of funds.
Sample 1

Related to Declaration of Restriction

  • Termination of Restrictions Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

  • Lapse of Restrictions If, for any reason, Shares are issued to the Employee within six months of the Grant Date, the Employee agrees that he or she will not sell or otherwise dispose of any such Shares prior to the six-month anniversary of the Grant Date.

  • Basic Restrictions (i) (1) No Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Shares in excess of the Aggregate Ownership Limit, (2) no Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Common Shares in excess of the Common Share Ownership Limit and (3) no Excepted Holder shall Beneficially Own or Constructively Own Shares in excess of the Excepted Holder Limit for such Excepted Holder.

  • Scope of Restriction If, at the time of enforcement of this paragraph 6, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area.

  • Release of Restrictions Upon vesting of any portion of the shares of Restricted Stock and satisfaction of any other conditions required by the Plan or pursuant to this Restricted Stock Agreement, the Company shall promptly either issue a stock certificate, without such restricted legend, for any shares of the Restricted Stock that have vested, or, if the shares are held in book entry form, the Company shall remove the notations on the book form for any shares of the Restricted Stock that have vested.

  • Removal of Restrictions Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall be released from escrow as soon as practicable after the last day of the Period of Restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse, and remove any restrictions. After the restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Section 7.4 removed from his or her Share certificate, and the Shares shall be freely transferable by the Participant.

  • Scope of Restrictions If the scope of any restriction contained in any preceding paragraphs of this Agreement is deemed too broad to permit enforcement of such restriction to its fullest extent, then such restriction shall be enforced to the maximum extent permitted by law, and Employee hereby consents and agrees that such scope may be judicially modified accordingly in any proceeding brought to enforce such restriction.

  • Vesting and Lapse of Restrictions Subject to Sections 2.2(a) and 2.2(c), the Award shall vest and Restrictions shall lapse in accordance with the vesting schedule set forth on the Grant Notice.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Use Restriction (a) If a natural disaster, incident or any other emergency situation occurs or is likely to occur, SORACOM may restrict the use of the SORACOM Air Global Service by the Subscriber in order to give priority to communications whose content are necessary for the prevention of or relief from calamities, for the securing of transportation, communications or electric power supply, the maintenance of public order or any other public interest.

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