Declaration of Restrictive Covenant Sample Clauses

Declaration of Restrictive Covenant. The binding agreement that is executed and filed against a property by its property owner that addresses the proportionate share mitigation approved by the School Board and recorded in Broward County public records.
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Declaration of Restrictive Covenant. 1. A Declaration of Restrictive Covenant in the form provided to the Recipient by DWSD (the “Declaration”) shall be filed against such property with the Office of the Xxxxx County Register of Deeds. It shall be a condition of disbursement of any funds pursuant hereto that such Declaration of Restrictive Covenant shall have been recorded against the Property and evidence thereof shall have been provided to DWSD.
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Declaration of Restrictive Covenant. In consideration of the Grant Funds provided by the Agency to the Grantee, and as a condition of receiving such Grant Funds, the Grantee hereby agrees to impose a restrictive covenant on the real property described in Exhibit A attached hereto (the "Property"). This Declaration of Restrictive Covenant shall serve to ensure that the Property is used in a manner consistent with the Plan and the Act. The restrictive covenant shall be recorded in the public records of Washington County, Florida, and shall run with the land for a period of three (3) years from the date of Project completion. The restrictive covenant shall include, but not be limited to, the following provisions: ● The Property shall be developed and used exclusively for purposes that are in compliance with the Plan and the Act. ● The Grantee shall not remove or materially alter (defined as any alteration that changes the fundamental character or use of the improvement, or any alteration that requires a permit under local building regulations) any improvements without the prior written consent of the Agency. ● The Grantee shall maintain the Property in a manner that supports the objectives of the Plan and the Act. ● In the event of a breach of any of the provisions of this restrictive covenant, the Agency shall have the right to demand repayment of the Grant Funds, to be made within thirty (30) days of such demand, in addition to any other legal remedies available. This Declaration of Restrictive Covenant shall be binding upon the Grantee, their heirs, successors, and assigns, and shall inure to the benefit of the Agency, its successors, and assigns. The terms of this Declaration may only be amended, modified, or terminated with the written consent of both the Grantee and the Agency.
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Declaration of Restrictive Covenant. (Emergency Homeless Shelter) (The City of Costa Mesa) This Declaration of Restrictive Covenant (“Covenant”) is made as of this day of , 2020, by the City of Costa Mesa, a municipal corporation of the state of California (“Owner”) and the County of Orange, a political subdivision of the state of California, (“County”), with reference to the following facts: RECITALS
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Declaration of Restrictive Covenant. (Emergency Shelter) (Family Promise of Orange County) This Declaration of Restrictive Covenant (“Covenant”) is made as of this day of , 2022, by Family Promise of Orange County, a private non-profit corporation in the state of California (“Owner”) and the County of Orange, a political subdivision of the state of California, (“County”), with reference to the following facts: RECITALS
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Declaration of Restrictive Covenant. 1. A Declaration of Restrictive Covenant in the form provided to the Grantee by DEP (the “Declaration”) shall be filed against the Premises with the Office of the City Register of the City of New York, County of It shall be a condition of disbursement of any funds pursuant hereto that such Declaration of Restrictive Covenant shall have been recorded against the Premises and evidence thereof shall have been provided to DEP.
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Declaration of Restrictive Covenant. At Closing, the Housing Authority shall cause the Owner Entity to record a Declaration of Covenants, Conditions and Restrictions Imposed on Real Property for the benefit of the City wherein the Owner Entity shall be obligated to cause the Project to be operated in accordance with certain affordability restrictions as described in Exhibit C (“Restrictive Covenant”), will require that the Housing Authority will be the property manager for the Property (unless terminated for cause) and wherein the City shall have the option to re-acquire the Property upon expiration of the affordability term as described in Exhibit E (“Purchase Option and Right of First Refusal”). All loans and security interests entered into shall be subject to and subordinate to the Restrictive Covenant.
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Declaration of Restrictive Covenant. By the Feasibility Deadline, Purchaser and Seller shall have agreed upon the form and substance of a declaration of restrictive covenant (“Restrictive Covenant”) to be entered into at Closing, covering the Property, Residual Parcels, and that portion of Peacock Hill designated for commercial development on the City of Gig Harbor’s current official comprehensive plan and zoning maps (the “Commercial Area”). The Restrictive Covenant shall provide, among other things, that for a period of five years following the earlier to occur of (1) the date Purchaser opens the Project for business to the public, or (2) the date that is one year after the Closing, neither Seller, nor any subsidiary, affiliate, parent or other entity that controls, is controlled by, or is under common control with Seller (collectively “Seller’s Entities”) shall allow any portion of the Commercial Area to be used or operated (A) as a wholesale or retail general merchandise facility which has a merchandising concept based upon a relatively limited number of stock keeping units in a large number of product categories (the “Merchandising Concept”), (B) to support a facility operating as a Merchandising Concept (i.e., for parking or other necessary improvements for such a facility), (C) as any business which operates as a warehouse club (other than a Costco Facility, as defined below), (D) as any business operated under the trade names of Sam’s, BJ’s, Jetro, or Price Smart, (E) as any business (other than a Costco Facility, as defined below) similar to those operated under the trade names Costco, Sam’s, BJ’s, Jetro, or Price Smart, or (F) as a “Wal-Mart” store or “Wal-Mart Supercenter” or any other store operated under the “Wal-Mart” brand; provided, however, that in no event shall any of the foregoing prohibitions preclude the Property from being used for or as a Costco Wholesale warehouse club or any other facility then operated by Costco or by any successor to Costco (collectively, a “Costco Facility”). Seller and Purchaser shall agree in the Restrictive Covenant on the applicable terms and conditions pertaining to the foregoing matters, including (without limitation) any conflict with matters of record. The Restrictive Covenant also shall provide (G) for a perpetual fifty (50) foot wide buffer of native vegetation shall be established along Xxxxxx Boulevard, and (H) for a period of twenty (20) years after the date of Closing, the Property shall not be used for adult entertainment, heavy ind...
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Declaration of Restrictive Covenant. THIS DECLARATION OF RESTRICTIVE COVENANT, is made on the date hereafter set forth, by Rockbiter Corporation, hereafter referred to as “Declarant.”
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Related to Declaration of Restrictive Covenant

  • Restrictive Covenant The Employer and the Executive have jointly reviewed the tenant lists, property submittals, logs, broker lists, and operations of the Employer, and have agreed that as an essential ingredient of and in consideration of this Agreement and the payment of the amounts described in Sections 3 and 4 hereof, the Executive hereby agrees that, except with the express prior written consent of the Employer, for a period equal to the lesser of the number of FULL months the Executive has at any time been employed by the Employer or twenty-four (24) months after the termination of the Executive's employment with the Employer (the "Restrictive Period"), he will not directly or indirectly compete with the business of the Employer, including, but not by way of limitation, by directly or indirectly owning, managing, operating, controlling, financing, or by directly or indirectly serving as an employee, officer or director of or consultant to, or by soliciting or inducing, or attempting to solicit or induce, any employee or agent of Employer to terminate employment with Employer and become employed by any person, firm, partnership, corporation, trust or other entity which owns or operates a business similar to that of the Employer (the "Restrictive Covenant"). For purposes of this subparagraph (a), a business shall be considered "similar" to that of the Employer if it is engaged in the acquisition, development, ownership, operation, management or leasing of suburban office property (i) in any geographic market or submarket in which the Employer owns more than 750,000 s.f. of properties either as of the date hereof or as of the date of termination of the Executive's employment. If the Executive violates the Restrictive Covenant and the Employer brings legal action for injunctive or other relief, the Employer shall not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the FULL period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to have the duration specified in this paragraph (a) computed from the date the relief is granted but reduced by the time between the period when the Restrictive Period began to run and the date of the first violation of the Restrictive Covenant by the Executive. In the event that a successor of the Employer assumes and agrees to perform this Agreement or otherwise acquires the Employer, this Restrictive Covenant shall continue to apply only to the primary service area of the Employer as it existed immediately before such assumption or acquisition and shall not apply to any of the successor's other offices or markets. The foregoing Restrictive Covenant shall not prohibit the Executive from owning, directly or indirectly, capital stock or similar securities which are listed on a securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System which do not represent more than five percent (5%) of the outstanding capital stock of any corporation.

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