Uses of the Property. The Borrower covenant and agree for itself, its successors, its assigns, and every successor in interest to the Property or any part thereof, that upon the acquisition and rehabilitation and thereafter, the Borrower, its successors and assignees, shall use, maintain, and operate the Property as specified in this Agreement throughout the Term. All uses conducted on the Property including, without limitation, all activities undertaken by the Borrower pursuant to this Agreement shall conform to all applicable provisions of local, state and federal laws and regulations. None of the dwelling units on the Property shall at any time be utilized on a transient basis nor shall the Property or any portion thereof ever be used as a hotel, motel, dormitory, fraternity or sorority house, rooming house, hospital, nursing home, sanitarium, rest home or assisted living facility. All NSP units are designated as Floating Units. Floating Units are changed to maintain conformity with the requirements of this section during the Affordability Period so that the total number of housing units meeting the requirements of this section remains the same, and substituted unit is comparable in terms of size, features, and number of bedrooms to the originally designated NSP-assisted unit.
Uses of the Property. 2.1 Pursuant to the requirements of Chapter 590, the the Property shall not be used to construct housing, including dormitories or residential housing of any kind, but shall be used solely for the purpose of public recreation, including certain recreational programs that will benefit students of the University.
Uses of the Property. Except as prohibited or otherwise limited by this Easement, Owner reserves the right to use and enjoy the Property in any manner that is not inconsistent with the Conservation Purposes and the preservation of the Conservation Values. Owner will not perform, nor authorize others to perform, any act on or affecting the Property that is materially inconsistent with the Conservation Purposes. The uses set forth in Exhibit C, though not an exhaustive list of consistent uses and practices, are consistent with this Easement and will not be precluded, prevented, or limited, except as specifically set forth in Exhibit C. Any activity on or use of the Property that is inconsistent, in any material respect, with the Conservation Purposes (including, without limitation, any activity or use that diminishes or impairs the Conservation Values) is prohibited. Exhibit C also describes certain uses or activities that are inconsistent with the Conservation Purposes and are thus prohibited or restricted.
Uses of the Property. The CITY agrees to accept the Property for use as a habitat preserve and for other uses that comply with the use restrictions contained in the permits and approvals described on attached Exhibit “D” (the “Permits”) (collectively, the “Permitted Uses”).
Uses of the Property. The City shall not use the Property or any portion thereof in violation of (i) any rights, reservations, covenants, conditions or restrictions on the Property contained in the documents or instruments listed as title exceptions [ ] on Schedule B of the Title Policy, or (ii) any other rights, reservations, covenants, conditions or restrictions on the Property contained in the documents or instruments listed as title exceptions [ ] on Schedule B of the Title Policy which use could in any way result in the loss of its fee simple interest in any portion of the Property. If the City receives notice that it is in violation of any of such rights, reservations, covenants, conditions or restrictions on the Property contained in the documents or instruments listed as title exceptions on Schedule B of the Title Policy, the City shall, prior to the loss of its fee simple interest in such portion of the Property, substitute alternate real property and improvements for such portion of the Property from among the City’s properties, if available, subject to this Sublease and the Assignment Agreement and the Site Lease satisfactory to the Bank on the basis of essentiality, fair rental value and insurance coverage and the existence of any mortgage, pledge, lien, charge, encumbrance or claim thereon or with respect thereto.
Uses of the Property. The Lessee may use the Leased Premises for Gaming Operations and/or any other use not prohibited by the laws of the United States of America, the State of Mississippi, or ordinances or regulations of the City of Gulfport, Mississippi.
Uses of the Property
