Covenants Running with the Land definition

Covenants Running with the Land. All Obligations are intended by the parties to be, and shall be construed as, covenants running with the Mortgaged Property until such Mortgaged Property has been released from the lien of this Deed of Trust.
Sample 1
Covenants Running with the Land. Dated : May 26, 1976 Executed by : Northern California Savings and Loan Association Recorded : May 27, 1976 in Book C046, page 611, Official Records.
Sample 1

Examples of Covenants Running with the Land in a sentence

  • Margot Rau, Note, Covenants Running with the Land: Viable Doctrine or Common-Law Relic?, 7 HOFSTRA L.

  • Revocation of Restriction and Covenants Running with the Land Release and revocation of restrictions executed by John W.

  • D3 Covenants Running with the Land that Restrict its Free UseOther than an agreement with the Town of Brookhaven that limits the site‟s use as a solid waste facility, there are no covenants that restrict its free use.

  • SCHEDULE 1.1B TO SCHEDULE 1.1C TO ¡ Lots 1 to 6, inclusive, and Parcels “A” and “B”, AMKOR RESEARCH AND DEVELOPMENT PARK, according to the plat of record in the office of the County Recorder of Maricopa County, Arizona, in Book 445 of Maps, page 27; and ¡ Easements appurtenant to the property as more fully set forth in Grant of Reciprocal Easements and Declaration of Covenants Running with the Land recorded January 14, 1997, as Document No. 97-0026031.

  • Covenants Running with the Land The first concerns the question of whether positive covenants should run with the land.

  • Covenants Running with the Land.....................................................

  • HPIP and Nordheim Cannot Demonstrate that the Parties Intended to Create Covenants Running with the Land.

  • Revocation of Restrictions and Covenants Running with the LandRevocation of Restrictions and Covenants Running with the Land from JVBM Properties, L.L.C. and VH Property, L.L.C., located at the southeast corner of Valencia Road and Headley Road, Section 15, T15S, R13E, G&SRM.

  • The following closing documents are executed for applicants of single units, town homes, double units and manufactured housing where land is owned who are choosing Option 1: Stay:Disbursement StatementDeclaration of Covenants Running with the Land: The Declaration of Covenants is effective the date of the closing on the grant and applicant(s) must be in compliance with the terms of the covenant within 3 years from date of closing.

  • RESOLUTION #18‐ : Approving and Authorizing the Execution of a License Agreement for Private Improvements in Village Right‐of‐Way and Covenants Running with the Land *d.

Related to Covenants Running with the Land

  • Covenants means the covenants set forth in Section 4 of this Agreement.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly financial statements pursuant to Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Covenant means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Nonsolicitation Period means the Employment Period and a period ending one year after the Date of Termination; and

  • Processes with Significant Environmental Aspects means the Equipment which, during regular operation or if not properly operated or maintained, may cause or are likely to cause an adverse effect.

  • Certification period means the period for which an individual is certified eligible for a program.

  • (3) In this subsection, the term oil fuel’ means any oil used as fuel in connection with the propulsion and auxiliary machinery of the vessel in which such oil is carried.’’.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • (2) In this subsection, the term fundraising’ means

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.