Establishment of Restrictions Sample Clauses

Establishment of Restrictions. It is intended that each of the restrictions set forth in this Declaration shall run with the land and shall bind every person having any fee or other interest in the Property and shall inure to the benefit of the City.
Sample 1
AutoNDA by SimpleDocs
Establishment of Restrictions. Declarant does hereby subject the ----------------------------- Property to certain conditions, covenants and restrictions ("Restrictions"), upon and subject to which all of the Property shall be held, improved and conveyed in order to establish a general plan for the improvement, development and maintenance of the Property for use as an office, warehouse/distribution/manufacturing center park to be known and do business as "Fairforest Business Park".
Sample 1
Establishment of Restrictions. After the execution and recording of ----------------------------- this Declaration, the Property (and each and every Parcel) shall be transferred, held, developed, used, and occupied subject to the Restrictions and other requirements and provisions of this Declaration. Declarant intends that the Restrictions and such requirements shall be covenants running with the land and shall inure to the benefit of and bind the heirs, executors, legal representatives, successors, and assigns of Declarant and all Owners. Unless otherwise stated, each Owner shall be responsible to conform his Parcel to the Restrictions and any other requirements of this Declaration. Any Owner shall be bound by this Declaration only as to the Parcel or Parcels owned by such Owner. In addition, an owner shall be bound by this Declaration only during the period he is the fee simple owner of his Parcel, except as to obligations, liabilities, or responsibilities that arise or accrue during that period. Declarant does not intend that this Declaration create any rights or privileges in and for the benefit of the general public, and it shall not be construed to do so.
Sample 1
Establishment of Restrictions. Developer hereby declares that the Property is now held and shall hereafter be held, transferred, sold, leased, conveyed, maintained, and occupied subject to the Restrictions herein set forth, each and all of which is and are for the benefit of, shall inure to, and shall pass with the Property and each and every part or parcel thereof, and shall apply to and bind Developer, the Association and any Owner, lessee or other occupier or user of the Property or any portion thereof, and the heirs, assignees and successors in interest of Developer, the Association and any such Owner, lessee, occupier or user.
Sample 1

Related to Establishment of Restrictions

  • Termination of Restrictions Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

  • Scope of Restrictions If the scope of any restriction contained in any preceding paragraphs of this Agreement is deemed too broad to permit enforcement of such restriction to its fullest extent, then such restriction shall be enforced to the maximum extent permitted by law, and Employee hereby consents and agrees that such scope may be judicially modified accordingly in any proceeding brought to enforce such restriction.

  • Lapse of Restrictions If, for any reason, Shares are issued to the Employee within six months of the Grant Date, the Employee agrees that he or she will not sell or otherwise dispose of any such Shares prior to the six-month anniversary of the Grant Date.

  • Vesting and Lapse of Restrictions Subject to Sections 2.2(a) and 2.2(c), the Award shall vest and Restrictions shall lapse in accordance with the vesting schedule set forth on the Grant Notice.

  • Scope of Restriction If, at the time of enforcement of this paragraph 6, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area.

  • Enforcement of Restrictions The parties hereby agree that any violation by Executive of the covenants contained in this Section 6 will likely cause irreparable damage to the Company or its subsidiaries and affiliates and may, as a matter of course, be restrained by process issued out of a court of competent jurisdiction, in addition to any other remedies provided by law.

  • Removal of Restrictions Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall be released from escrow as soon as practicable after the last day of the Period of Restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse, and remove any restrictions. After the restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Section 7.4 removed from his or her Share certificate, and the Shares shall be freely transferable by the Participant.

  • Release of Restrictions Upon vesting of any portion of the shares of Restricted Stock and satisfaction of any other conditions required by the Plan or pursuant to this Restricted Stock Agreement, the Company shall promptly either issue a stock certificate, without such restricted legend, for any shares of the Restricted Stock that have vested, or, if the shares are held in book entry form, the Company shall remove the notations on the book form for any shares of the Restricted Stock that have vested.

  • Expiration of Restrictions and Risk of Forfeiture Unless otherwise provided in Section 7 below, the restrictions on the Restricted Stock Units granted pursuant to this Agreement, including the Forfeiture Restrictions, will expire on September 30, 2014, and shares of Stock that are nonforfeitable and transferable will be issued to you in payment of your vested Restricted Stock Units as set forth in Section 5, provided that you remain in the continuous employ of, or a service provider to, the Company or its Subsidiaries until September 30, 2014.

  • Period of Restriction (i) The Restricted Stock Units subject to the Award shall be restricted during the period (the “Period of Restriction”) commencing on the Award Date and expiring on the first to occur of:

Time is Money Join Law Insider Premium to draft better contracts faster.