Residential Parking Permit Program Exclusion Sample Clauses

Residential Parking Permit Program Exclusion. The Parties intend that residents of the Subject Property (Residents) shall not be or become eligible for Residential Parking Permits (RPP). Accordingly, Xxxxxxx shall take such steps as are necessary to ensure that Residents do not receive RPPs, including without limitation (1) placing a clause in emphasized type in all leases for Residents that prohibits Residents from applying for or obtaining RPPs, or using an RPP guest pass within one mile of the Subject Property, upon pain of mandatory lease termination, to the full extent permitted by law; (2) ensuring that the District Department of Transportation (DDOT) removes the Subject Property from the list of properties eligible for RPPs, or if presently not on the list, classifying it as ineligible for RPPs, and Xxxxxxx shall furthermore obtain from DDOT written confirmation that it will not grant RPPs to Residents; (3) should Xxxxxxx sell any units at the Subject Property, adding a covenant that runs with the land to the deed for the units prohibiting Residents from applying for or obtaining RPPs; (4) executing a covenant that runs with the land for the Property generally that embodies the promises contained in this Paragraph 4(f). In the event DDOT does not remove the Subject Property from the RPP list or classify it as ineligible for RPPs, any resident of ANC 3E may take legal action (“Suit”) as a third-party beneficiary of this Agreement to compel Xxxxxxx to terminate the lease of any Resident who violates the RPP prohibition, if Xxxxxxx has failed promptly to take such action on its own initiative. A resident of ANC 3E that substantially prevails in a Suit shall be entitled to an award of its reasonable attorney's fees. Furthermore, if Xxxxxxx loses three or more Suits, it shall be required to donate $10,000 to a non-profit organization identified by the ANC for each subsequent Suit it loses.
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Related to Residential Parking Permit Program Exclusion

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