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MPDU Covenants definition

MPDU Covenants or “Covenants” means a Declaration of Covenants recorded in the Land Records of Montgomery County subjecting the MPDUs on a property to the restrictions required by Chapter 25A.
MPDU Covenants. At or before the time of the execution of this Agreement by the Applicant, the Applicant must provide DHCA with signed MPDU Covenants, in recordable form as provided by DHCA, subjecting the MPDUs in the subdivision or development to the requirements of Chapter 25A. The MPDU Covenants will be recorded in the Land Records by the County as soon as practicable, at the County's expense. DOCUMENTS: Within 30 days from the date of execution of a Lease Agreement for each MPDU, the Applicant must provide DHCA with the following documents: 1) a copy of the signed MPDU Renter’s Agreement; and 2) a copy of the signed MPDU Xxxxx Xxxxxxxx. The MPDU Renter’s Agreement and the MPDU Lease Addendum must be in the format required by DHCA, and the format may be amended by DHCA from time to time. The MPDU Renter’s Agreement, as currently approved by DHCA, is attached hereto as Schedule F, and the MPDU Lease Addendum is attached hereto as Schedule G. ATTACHMENTS: Attached hereto and made a part hereof are the following documents and/or schedules: Identification of Units Being Offered: Lot or parcel and block, property tax identification number(s), addresses, unit numbers, number of bedrooms, number of baths, approved rent, and date of availability for rent of the MPDUs (Schedule A); Unit Description: Size and number of bedrooms, rental price, and amenities (Schedule B); General Information Sheet (Schedule C); Summary of Unit Distribution by Floor and Unit Type: A summary chart of locations and bedroom composition of MPDUs and market units (Schedule D); Floor Plans: One (1) 8 ½” x 11” copy of each unit layout (including dimensions and square footage) for each MPDU unit type, and a typical building floor plan showing locations of MPDUs (Schedule E); MPDU Renter’s Agreement (Schedule F); MPDU Lease Addendum: Applicant must include the MPDU Lease Addendum in the Lease Agreement for each MPDU (Schedule G); Copy of Signed MPDU Covenants: Also provide signed unrecorded original if not previously provided (Schedule H); Subdivision Record Plat(s): One (1) 8 ½” x 11” copy (Schedule I); and Certified Site Plan: One (1) full-sized folded copy and one (1) 8 ½” x 11” reduced copy of cover sheet, composite, and specific sheets showing MPDUs in current offering (Schedule J). ADDITIONAL DOCUMENTS: Applicant must execute such additional documents as may be necessary or required to effectuate the intent and purpose of this Agreement and Chapter 25A.

Examples of MPDU Covenants in a sentence

  • The MPDU Covenants will be recorded in the Land Records by the County as soon as practicable.

  • At or before the time of the execution of this Agreement by the Applicant, the Applicant must provide DHCA with signed MPDU Covenants, in recordable form, subjecting the MPDUs in the subdivision or development to the requirements of Chapter 25A.

  • Parents of such prospective pupils are invited to discuss individual problems with the Headmaster prior to application.

  • Each deed of conveyance for an MPDU must contain language referencing the MPDU Covenants by Liber and Folio on the face of the deed.

  • Within 30 days of the date of execution of a sales agreement for each MPDU, the Applicant must provide the County with copies of the following items: a copy of the executed sales contract; the original, signed Purchaser’s Agreement form; the purchaser’s original Certificate of Eligibility; and the original, signed Acknowledgement of Receipt of MPDU Covenants and Chapter 25A.

  • At or before the time of the submission of this Agreement, the Applicant must provide the County with signed MPDU Covenants, in the format required by DHCA, subjecting the MPDUs in this Agreement to the requirements of Chapter 25A.

  • All deeds transferring the Property listed in Schedule A must reference the MPDU Covenants by Xxxxx and Folio on the face of the deed.

  • Each deed of conveyance for an MPDU must contain language referencing the MPDU Covenants by Book and Page on the face of the deed.

  • The contractor must ensure that all equipment is maintained in good working order.

  • Copy of Signed MPDU Covenants: also provide signed unrecorded original if not previously provided (Schedule D).

Related to MPDU Covenants

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

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • 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.

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

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

  • Tax Covenant means the covenant relating to Tax set out in Schedule 9;

  • Financial Covenants means the covenants set forth in Section 6.2.

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

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

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

  • 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 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.

  • Suspended Covenants has the meaning assigned to such term in Section 4.19.

  • 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.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Financial Covenant has the meaning specified in Section 7.08.

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

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

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

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Minimum Extended Summer Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Extended Summer Demand Resources and Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Extended Summer Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Limited Demand Resource Reliability Target for the PJM Region in Unforced Capacity]. For an LDA, the Minimum Extended Summer Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Limited Demand Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

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

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).