Examples of Covenant Agreement in a sentence
The Affordability Covenant Agreement shall be superior to all other liens and encumbrances, including the lien of the Primary Loan and the Deed of Trust (but shall be co-equal with the Affordability Covenant relating to the County NSP Loan) shall at all times be subordinate to the lien of the Primary Loan.
The Escrow Holder shall record the Affordability Covenant Agreement, and the Deed of Trust against the Property at the close of Escrow and issue or cause to be issued to the County by a title insurance company approved by the County, an American Land Title Association policy of lender's title insurance with mechanic's lien coverage, together with such endorsements as the County may require, which shall insure the Deed of Trust as a lien upon the Property subject only to the items specified herein.
If the Participant needs to be sent home from any trip, activity or event for any reason (including, but not limited to, illness, injury, breach of the Covenant Agreement, disciplinary or other reasons in the discretion of the church’s representative), the Undersigned will be responsible for and agrees to pay any and all expenses incurred.
The Deed of Trust shall be subordinate only to the Affordability Covenant Agreement and the Primary Loan and shall not be subordinate to the lien of any other loans, mortgages or deeds of trust, unless approved in writing by the County.
This Agreement shall be subordinate only to the liens of the Affordability Covenant Agreement, the Primary Loan and shall be prior to, and superior to, all other liens and encumbrances of record with respect to the Property.