USE OF PREMISES; COVENANTS RUNNING WITH THE LAND Sample Clauses

USE OF PREMISES; COVENANTS RUNNING WITH THE LAND. Permitted Use. During the Lease Term, or such lesser period as may be permitted by law, Tenant will continuously set aside forty-six (46) units located on the Premises as new affordable rental housing units in compliance with Section 42 of the Code and any requirements of Florida Housing Finance Corporation, and Tenant shall continuously use and operate all units in a manner which strictly satisfies the requirements of this Ground Lease.
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USE OF PREMISES; COVENANTS RUNNING WITH THE LAND. 5.1 Use; Sub-lease. (a) Tenant covenants, promises and agrees that during the Term of this Lease it shall use (or allow to be used) the Premises to cause to be constructed, maintained and operated an affordable housing development and/or future public facility space operated by Landlord. In the event that Tenant deems the redevelopment, renovation and conversion of the Xxxx Xxxxxxxxxx School Building to residential to be economincally non-feasible, and such redevelopment has not commenced within twenty-four (24) months from the date hereof, Tenant shall lease back to Landlord the Xxxx Xxxxxxxxxx School Building for the remainder of the Term of this Lease for total rent during the Term of One Dollar ($1.00) per year, and Landlord may utilitze this area for any desired use. Said leased back area shall be free and clear of any and all liens and encumbrances, including, but not limited to Tenant mortgages (“Permitted Uses”). (b) Tenant is hereby authorized to and shall at the direction of Landlord and within sixty (60) days notice from Landlord execute one or more subleases to effectuate the Permitted Uses set forth in subsection (a) above with one or more sub-tenants (“Sub-Tenant” or “Sub-Tenants”) subject to Landlord’s approval which shall not be unreasonably withheld, conditioned, or delayed.
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USE OF PREMISES; COVENANTS RUNNING WITH THE LAND 
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Related to USE OF PREMISES; COVENANTS RUNNING WITH THE LAND

  • Covenants Running with the Land All Obligations contained in this Mortgage are intended by Mortgagor and Mortgagee to be, and shall be construed as, covenants running with the Land. As used herein, “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and to any subsequent owner of all or any portion of the Mortgaged Property. All Persons who may have or acquire an interest in the Mortgaged Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Loan Documents; provided, however, that no such party shall be entitled to any rights thereunder without the prior written consent of Mortgagee.

  • Covenant Running with the Land The terms, conditions, rights, obligations, benefits, covenants and restrictions of the provisions of this Agreement shall be deemed covenants running with the land, and shall be binding upon and inure to the benefit of the Owner and its heirs, representatives, successors and assigns. This Agreement shall be deemed to be incorporated into each deed and conveyance of the Property or any portion thereof hereafter made by any other owners of the Property, regardless of whether this Agreement is expressly referenced therein.

  • Covenants Run with the Land All of the grants, covenants, terms, provisions and conditions herein shall run with the Premises, shall be binding upon Borrower and shall inure to the benefit of Lender, subsequent holders of this Security Instrument and their successors and assigns. Without limitation to any provision hereof, the term “Borrower” shall include and refer to the borrower named herein, any subsequent owner of the Property, and its respective heirs, executors, legal representatives, successors and assigns. The representations, warranties and agreements contained in this Security Instrument and the other Loan Documents are intended solely for the benefit of the parties hereto, shall confer no rights hereunder, whether legal or equitable, in any other Person and no other Person shall be entitled to rely thereon.

  • Covenants to Run With the Land All of the grants, covenants, terms, provisions and conditions in this Mortgage shall run with the Land and shall apply to, and bind the successors and assigns of, the Mortgagor. If there shall be more than one mortgagor with respect to the Mortgaged Property, the covenants and warranties hereof shall be joint and several.

  • Tenant’s Covenants The Tenant hereby covenants with the Landlord as follows:

  • LANDLORD'S COVENANTS The Landlord hereby covenants with the Tenant as follows:

  • Land Covenants This Agreement is subject to the requirements of Title VI of the Civil Rights Act of 1964 (P. L. 88-352) and 24 CFR 570.601 and 570.602. In regard to the sale, lease, or other transfer of land acquired, cleared or improved with assistance provided under this Agreement, SUBRECIPIENT shall cause or require a covenant running with the land to be inserted in the deed or lease for such transfer, prohibiting discrimination as herein defined, in the sale, lease or rental, or in the use or occupancy of such land, or in any improvements erected or to be erected thereon, providing that the CITY and the United States are beneficiaries of and entitled to enforce such covenants. SUBRECIPIENT, in undertaking its obligation to carry out the Program assisted hereunder, agrees to take such measures as are necessary to enforce such covenant, and will not itself so discriminate.

  • Equipment Covenants With respect to the Equipment: (a) upon Agent’s request, Borrowers and Guarantors shall, at their expense, at any time or times as Agent may request after the occurrence and during the continuance of an Event of Default, deliver or cause to be delivered to Agent written appraisals as to the Equipment in form, scope and methodology acceptable to Agent and by an appraiser acceptable to Agent, addressed to Agent and upon which Agent is expressly permitted to rely; (b) Borrowers and Guarantors shall use commercially reasonable efforts to keep the Equipment in good order, repair and running (ordinary wear and tear excepted); (c) Borrowers and Guarantors shall use the Equipment with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (d) the Equipment is and shall be used in the business of Borrowers and Guarantors and not for personal, family, household or farming use; (e) Borrowers and Guarantors shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of Borrowers and Guarantors in the ordinary course of business; (f) the Equipment is now and shall remain personal property and Borrowers and Guarantors shall not permit any of the Equipment to be or become a part of or affixed to real property; and (g) Borrowers and Guarantors assume all responsibility and liability arising from the use of the Equipment.

  • Landlord Covenants At all times during the Term, Landlord covenants and agrees as follows:

  • Tenant Covenants The Tenant covenants during the Term and for such further time as the Tenant occupies any part of the Premises:

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