Grantee's Covenants. The Grantee covenants with the Grantor for the benefit of the Grantor's Property, that the Grantee, its successors in title and anyone authorised by them to use the Rights shall at all times observe and perform the Grantee's Covenants.
Grantee's Covenants. As consideration for the receipt of the grant of funds, Grantee agrees and covenants that it will expend said funds in accordance with:
(a) All applicable federal, state, and local laws; and
(b) The recommendation of the City Manager, as approved by the Governing Body, which provides that said funds will be used to complete the Grantee’s Project outcomes.
Grantee's Covenants. (a) Although this assignment of Leases and Rents constitutes a present and absolute assignment of the Leases and the Rents, as long as there is no Event of Default on the part of Grantor, Grantee will not require that such Rents be paid directly to Grantee, and Grantor will have a license to collect and use the Rents for subsequent application as provided above;
(b) Upon the payment and performance in full of Grantor's obligations under the Loan Agreement, as evidenced by the recording or filing of an instrument of satisfaction or termination of this Indenture without the recording of another security instrument in favor of Grantee affecting the Property, this assignment of Leases and Rents will be deemed terminated and released of record by Grantee and thereupon will be null and void and of no further force or effect.
Grantee's Covenants. In consideration of this Agreement, Grantee hereby covenants and agrees as follows:
6.1. Grantee will complete or cause to be completed all Project activities in accordance with Xxxxxxx’s proposed design and specifications submitted to Grantor, a copy of which is attached as Exhibit E - WORK PLAN and incorporated herein by this reference, on or before June 30, 2022 (Projected Completion Date). The Project will be considered complete when all Project activities have been completed and Grantor has approved
(a) the completion of the Project, (b) the final report required by Section 6.4, and (c) the final request for disbursement.
Grantee's Covenants. Grantee hereby warrants and covenants that:
a) Grantee is and will remain a Qualified Organization for the purposes of Section 170(h) of the IRC. In the event that Grantee’s status as a Qualified Organization is successfully challenged by the Internal Revenue Service, then Grantee shall promptly select another Qualified Organization and transfer all of its rights and obligations under the Easement to said organization.
b) In the event that Grantee shall at any time in the future become the fee simple owner of the Premises, Grantee, for itself and its successors and assigns, covenants and agrees, in the event of a subsequent conveyance of the Premises to another, to create a new preservation easement containing the same restrictions and provisions as are contained herein, and either to retain such easement in itself or to convey such easement to a similar unit of federal, state, or local government or local, state, or national organization whose purposes, inter alia, are to promote preservation or conservation of historical, cultural, or architectural resources, and which is a qualified organization under Section 170(h)(3) of the IRC.
c) Grantee shall exercise reasonable judgment and care in performing its obligations and exercising its rights under the terms of the Easement, and shall not unreasonably withhold its consent when called for under the terms of the Easement.
Grantee's Covenants. In furtherance of this Conservation Right herein granted, Grantee covenants:
(a) Grantee shall periodically, at reasonable intervals in Grantee's discretion, inspect the Protected Elements and the Building.
(b) Grantee may, prior to the fortieth anniversary of the date of this Conservation Right and at such other times as Grantee deems necessary, record a claim pursuant to the Illinois Code of Civil Procedure, 735 Illinois Compiled Statutes § 5/13-118, or any similar statute then in effect, for the purpose of preserving the lien of this Conservation Right in perpetuity. Nothing contained in this paragraph shall be deemed to constitute an acknowledgment that any such recording is necessary, however, and Grantor and Grantee expressly acknowledge that no such recording is necessary in order to perpetuate the validity or enforceability of this Conservation Right.
Grantee's Covenants. In consideration of Grantor’s disbursement of the Grant Funds, Grantee hereby covenants and agrees as follows:
5.1. The Grant Funds shall be used as purchase money only, which excludes escrow and title fees and any other fees and costs incurred to accomplish the transaction and the conveyance and acquisition of the Property.
5.2. The Property shall be held, used, operated, managed and maintained only in a manner that is consistent with this Agreement, including the “Purposes of Grant” set forth in Section 2.
5.3. Grantee shall recognize the cooperative nature of the Project and shall provide credit to the Grantor, the California Department of Fish and Wildlife (“CDFW”) and any other contributor on signs, demonstrations, promotional materials, advertisements, publications or exhibits prepared or approved by Grantee referencing the Project. Subject to the mutual agreement of Grantor and Grantee regarding text, design and location, Grantee shall post sign(s) on the Property to indicate the participation of Grantor and CDFW in Grantee’s purchase of the Property; provided however, that the sign(s) shall display Grantor’s logo, as shown on Exhibit C.
Grantee's Covenants. The Grantee shall:
Grantee's Covenants. In addition to the Grantee’s covenants contained in the Development Agreement, the Grantee covenants with the Grantor:
