Term of Covenant Sample Clauses

Term of Covenant. The provisions of this Declaration shall become effective upon its recordation in the Public Records of Miami-Dade County, Florida, and shall continue in effect for a period of thirty (30) years after the date of such recordation, unless this Covenant is released in accordance with terms in Section 6 below, or rendered null and void as provided in Section 3(d) above.
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Term of Covenant. The covenant contained in this Agreement shall be effective as of the Effective Date and shall continue in full force and effect for three (3) years thereafter; provided, however, that with respect to Trade Secrets, the Recipient’s obligations of non-use, confidentiality and non-disclosure as set forth in this Agreement shall continue to survive after said five (5) year period to the greatest extent permitted by applicable law. These rights of the Discloser are in addition to those rights the Discloser has under common law or applicable statutes for the protection of trade secrets.
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Term of Covenant. This Declaration shall remain in full force and effect for as long as the compliance of the Property’s use with the Zoning Regulations relies on the continued control of the Required Parking Spaces, and the covenants contained herein shall be binding upon any future owners of the Property both individually and collectively.
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Term of Covenant. This voluntary covenant on the part of Owner shall remain in full force and effect and shall be binding upon Owner, the Tenant and their successors and assigns, for so long as AMO remains a tenant within Plantation Center. Upon the vacation of AMO as a tenant, the Owner shall record a notice of such vacation in the public records and this Declaration shall be terminated. A copy of the notice will be provided to the City within ten (10) days of recordation.
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Term of Covenant. This voluntary covenant on the part of the owner shall remain in full force and effect and shall be binding upon Owner, the Tenant and their successors and assigns, for so long as AMO, its assignees or subtenants, remains a tenant within Plantation Center and utilizes the premise as an office space as defined by City Ordinance No. 2156. Upon the vacation of AMO, its assignees or subtenants as a tenant, the Owner shall record a notice of such vacation in the public records and this Declaration shall be terminated. A copy of the notice will be provided to the City within ten (10) days of recordation.
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Term of Covenant. For each infringement of a ParkerVision Intellectual Property Right alleged in a notice of infringement issued by ParkerVision to TI, the foregoing covenant of Section 5.4.1 shall be effective for a period of five (5) years following TI's receipt of such notice (the "Safe Harbor Period"), except that this covenant shall not apply to any ParkerVision patent claim beyond the five (5) year period triggered by the notice of infringement in which such patent claim is first asserted by ParkerVision. In the event that the discontinuation of an allegedly infringing product would create a materially adverse effect on TI's relationship with a TI customer, TI and ParkerVision shall negotiate in good faith an extension of the Safe Harbor Period.
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Term of Covenant. The term of this Agreement shall commence on the Effective Date and shall terminate on the last day of the fiftieth (50th) year following the Effective Date.
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Term of Covenant. This Covenant shall continue as long as the Joint Services and Costs Obligation remains operative unless terminated in writing by WIG.
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Term of Covenant. The term of this Covenant shall be perpetual starting from the date of issuance of the first certificate of occupancy for the Property for residential units.
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Related to Term of Covenant

  • Scope of Covenants The Company and the Executive further acknowledge that the time, scope, geographic area and other provisions of this Section 5 have been specifically negotiated by sophisticated commercial parties and agree that all such provisions are reasonable under the circumstances of the activities contemplated by this Agreement. In the event that the agreements in this Section 5 shall be determined by any court of competent jurisdiction to be unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any other respect, they shall be interpreted to extend only over the maximum period of time for which they may be enforceable and/or over the maximum geographical area as to which they may be enforceable and/or to the maximum extent in all other respects as to which they may be enforceable, all as determined by such court in such action.

  • Termination of Covenants The covenants set forth in this Section 5, except for Subsections 5.6 through 5.9, shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act or (iii) upon a Deemed Liquidation Event, as such term is defined in the Company’s Certificate of Incorporation, whichever event occurs first.

  • Independent Effect of Covenants The Borrower expressly acknowledges and agrees that each covenant contained in Articles VIII or IX hereof shall be given independent effect. Accordingly, the Borrower shall not engage in any transaction or other act otherwise permitted under any covenant contained in Articles VIII or IX, before or after giving effect to such transaction or act, the Borrower shall or would be in breach of any other covenant contained in Articles VIII or IX.

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Suspension of Covenants (a) During any period of time following the Issue Date that (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and its Restricted Subsidiaries shall not be subject to the following provisions of this Indenture:

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