Residential Covenant definition

Residential Covenant means collectively the Community Charter for Daybreak and the articles, bylaws, resolutions, rules and regulations of the Residential Association as amended or supplemented from time to time.
Sample 1Sample 2Sample 3

Examples of Residential Covenant in a sentence

  • In order to maintain the high standards that make Daybreak a desirable place to live, the Residential Association has established rules and procedures, as set forth in the Residential Covenant, restricting certain uses of your property.

  • The Residential Association is also responsible for enforcing community-wide standards of use, maintenance and architecture and other design standards and protective covenants, conditions, restrictions, easements, liens, and charges as described in the Residential Covenant.

  • The Residential Covenant currently prohibits the leasing or renting of a residential unit until it has been occupied by its owner for a continuous period of 12 months and until satisfactory documentation of such occupancy has been provided to and approved by the Residential Association, and thereafter also prohibits leasing or renting more than one residential unit at any time by an owner and any other owners with whom such owner is affiliated.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $131.50 per month (which $131.50 currently includes charges of $33.00 for Century Link internet and data related services).

  • If purchasing a condominium unit, Buyer’s right to use common areas within Daybreak, other than the condominium project’s common areas, shall be governed by the Residential Covenant.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $131.50 per month which currently includes charges for Century Link internet and data related services in the amount of $33.00 per month.

  • Revisions to CA Residential Covenant Review and Enforcement Process specifically related to Abandoned Properties Ms. Fanaroff explained that CA has historically done lawn maintenance and trash removal on vacant property.

  • The Residential Covenant currently prohibits the leasing or renting of a residential unit until it has been occupied by its owner for a continuous period of 12months and until satisfactory documentation of such occupancy has been provided to and approved by the Residential Association, and thereafter also prohibits leasing or renting more than one residential unit at any time by an owner and any other owners with whom such owner is affiliated.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $109 per month (which$109 currently includes charges of $33 for Century Link internet and data related services).

  • As outlined in the Strategic Plan, a review of the CB South Residential Covenant and Guidelines will be the next area of focus following the completion of the Commercial Area Master Plan SAR revisions.

Related to Residential Covenant

  • Financial Covenant means the covenant set forth in Section 7.09.

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

  • 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.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • 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.