PIF Covenants definition

PIF Covenants means, collectively, the Add-On PIF Covenant and the Credit PIF Covenant.
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PIF Covenants means the Declaration of Covenants Imposing and Implementing the Karl’s Farm Credit Public Improvement Fee dated as of July 15, 2019, and the Amendment to Declaration of Covenants Imposing and Implementing the Karl’s Farm Credit Public Improvement Fee dated July 10, 2020, recorded in the real property records of the Clerk and Recorder of the County at Reception No. 2020000068156, and the Declaration of Covenants Imposing and Implementing the Karl’s Farm Add-On Public Improvement Fee dated as of July 15, 2019, recorded in the real property records of the Clerk and Recorder of the County on July 18, 2019, Reception No. 2019000056674 as amended by the Amendment to Declaration of Covenants Imposing and Implementing the Karl’s Farm Add-On Public Improvement Fee dated July 10, 2020 and recorded in the real property records of the County at Reception No. 2020000068155.
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PIF Covenants means, collectively and as amended from time to time, the Declaration of Covenants for The Village (at Avon) Commercial Areas Recorded May 8, 2002 at Reception No. 795012 and the Declaration of Covenants for The Village (at Avon) Mixed Use Areas Recorded May 8, 2002 at Reception No. 795013. [modify to reflect amendments recorded at Effective Date]
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Examples of PIF Covenants in a sentence

  • The PIF Covenants impose the Credit PIF on Taxable Transactions, and the Town has enacted the corresponding Tax Credit.

  • Pursuant to its authority under and in accordance with the terms and conditions of the PIF Covenants, continue to impose the Add-On RSF and undertake to cause the collection and remittance of the Add-On RSFRevenues by or to the Add-On RSF Collection Agent for disposition in accordance with the applicable Add-On RSF Collection Services Agreement and the terms and conditions of this Development Agreement.

  • Except to the extent otherwise set forth in the applicable PIF Covenants, expiration of the Term shall not have the effect of terminating the Add-On RSF or the Add-On PIF and, to the extent the PICs continue to impose the Add-On RSF and/or the Add-On PIF and to collect the Add-On RSF Revenues or any other Add-On PIF Revenues after expiration of the Term, all such Add-On PIF Revenues may be utilized as set forth in Section 6.5(b)(ii).

  • The purpose of this First Amendment is limited to adding the Additional PIF Covenant to the Agreement’s definition of PIF Covenants.

  • As of the Effective Date, the Add-On PIF consists only of the Add-On RSF, although the PICs may, in accordance with the PIF Covenants, elect in the future to impose the Add-On PIF on other types of transactions and/or at a rate in excess of the Add-On RSF rate required by this Development Agreement.

  • Pursuant to the PIF Covenants and as contemplated in the Original Agreement, the PICs have imposed and shall continue for the duration of the Term to impose the Credit PIF and collect the Credit PIF Revenues in accordance with the terms and conditions of the PIF Covenants and applicable provisions of this Development Agreement.

  • Concurrently with the Effective Date, the board of directors of each PIC has caused the Recording of an amendment to the respective PIF Covenants having the effect of imposing the Add-On RSF.

  • Pursuant to the PIF Covenants and in implementation of the Settlement Term Sheet, the PICs have imposed and shall continue for the duration of the Term to impose the Add-On RSF and to collect the Add-On RSF Revenues in accordance with the terms and conditions of the PIF Covenants and applicable provisions of this Development Agreement.

  • Any payment of the PIF not paid when due hereunder shall bear interest at the rate specified in the PIF Covenants, and Tenant shall bear all costs of enforcement and collection thereof, including reasonable attorneys' fees.

  • Accommodations/Lodging Fee means the Credit PIF imposed pursuant to the PIF Covenants on accommodations/lodging transactions occurring within the Project which, subject to application of the Tax Credit, are Taxable Transactions.


More Definitions of PIF Covenants

PIF Covenants means the Admissions Add-On PIF Covenant, Admissions Credit PIF Covenant, Lodging Add-On PIF Covenant, Lodging Credit PIF Covenant, Retail Add-On PIF Covenant, Retail Credit PIF Covenant, and Services PIF Covenant
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Related to PIF Covenants

  • Deed of Covenant means, in relation to a Ship and if required by the laws of the Approved Flag State, a deed of covenant collateral to the Mortgage on that Ship and creating charges over (inter alia) that Ship, her Earnings, her Insurances and any Requisition Compensation in the Agreed Form;

  • 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.

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

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

  • 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.

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

  • 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.

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

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

  • 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.

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

  • (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.’’.

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

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

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

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

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

  • Deed Restrictions means the deed restrictions to be recorded with respect to the Land, which deed restrictions shall be subject to the Director's approval and shall be commensurate with the nature and purpose of the Land as stated in the Recipient's application for grant funds under Revised Code Sections 164.20 through 164.27. The Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, in the Director's sole discretion, who shall have full enforcement authority, as set forth more specifically in Section IX of this Agreement.

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

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

  • Private Restrictions means (as they may exist from time to time) any and all covenants, conditions and restrictions, private agreements, easements, and any other recorded documents or instruments affecting the use of the Property, the Building, the Leased Premises, or the Outside Areas.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Article 55 BRRD means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.

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