Use Covenant. Solely in reliance upon the covenants and representations of the Borrower in the Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, the Issuer shall not use or knowingly permit the use of any proceeds of Bonds or any other funds of the Issuer, directly or indirectly, in any manner, and shall not take or permit to be taken any other action or actions, which would result in any of the Bonds being treated as an obligation not described in Section 142(d) of the Code by reason of such Bond not meeting the requirements of Section 142(d) of the Code.
Use Covenant. “Use Covenant” means the use covenant that limits uses of the real property in the Project. Use Covenants only apply if they are attached to this Grant.
Use Covenant. The Issuer shall not use or knowingly permit the use of any proceeds of Bonds or any other funds of the Issuer, directly or indirectly, in any manner, and shall not take or permit to be taken any other action or actions, which would result in any of the Bonds being treated as an obligation not described in Section 142(d) of the Code by reason of such Bond not meeting the requirements of Section 142(d) of the Code.
Use Covenant. Solely in reliance upon the covenants and representations of the Borrower in the Borrower Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, the Governmental Lender shall not use or knowingly permit the use of any proceeds of Funding Loan or any other funds of the Governmental Lender, directly or indirectly, in any manner, and shall not take or permit to be taken any other action or actions, which would result in the Funding Loan Note not meeting the requirements of Section 142(d) of the Code as applicable to the Development.
Use Covenant. Except for the limited modification contained in Section 10(a) of this Contract, the Real Property shall only be used for Fire Protection Services and the other purposes expressly described in this Contract, and for no other purpose, without the prior written consent of the Town in each instance.
Use Covenant. THIS USE COVENANT (this "Covenant") is made as of the day of , 20 (the "Effective Date"), by and between , a Colorado limited liability company ("Project Owner"), and YAMPA VALLEY HOUSING AUTHORITY, a body corporate and politic of the State of Colorado ("YVHA").
Use Covenant. Developer covenants and agrees for itself, its successors and assigns, and any successor-in-interest to the Property or part thereof, that during the term of the Use Covenant, the Property shall remain available at an Affordable Cost to a Lower Income Household for a period of forty-five (45) years commencing upon recordation of the Deed. During such period, each Property shall be used solely as a single-family residential dwelling and owner-occupied by a Homebuyer. Each Property and Home situated thereon shall be the principal residence of the Homebuyer.
Use Covenant. 24 Section 6.13. Immunities and Limitations of Responsibility of Issuer 24
Use Covenant. For a term commencing upon the date that the Agency issues a Release of Construction Covenants for the Retail Improvements, and ending upon the anniversary thereof, the Developer hereby covenants and agrees that the Retail Parcel shall be used only for commercial retail uses, and Developer shall use good faith, commercially reasonable efforts to lease all of the Retail Improvements within the Retail Parcel to retail and commercial businesses.
Use Covenant. Solely in reliance upon the covenants and representations of the Borrower in the Borrower Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, the Governmental Lender shall not use or knowingly permit the use of any proceeds of Funding Loan Note, of the Governmental Lender Note or of any other funds of the Governmental Lender, directly or indirectly, in any manner, and shall not take or permit to be taken any other action or actions, which would result in the Funding Loan Note and the Governmental Lender Note not meeting the requirements of Section 142(d) of the Code as applicable to the Project.
