Property Covenants Clause Samples
The Property Covenants clause sets out specific obligations and restrictions related to the use, maintenance, and condition of a property. Typically, it may require the owner or tenant to keep the property in good repair, prohibit certain activities (such as commercial use in a residential area), or mandate compliance with local laws and regulations. This clause ensures that the property is maintained to a certain standard and helps prevent disputes by clearly outlining acceptable and unacceptable uses, thereby protecting the interests of all parties involved.
Property Covenants. Borrower shall comply with the following covenants with respect to each Property:
Property Covenants. Borrower covenants and agrees that:
Property Covenants. Mortgagor covenants and agrees that:
Property Covenants. Borrower and each Credit Party shall cause each Additional Site to comply with all covenants and agreements set forth in the Loan Agreement and Loan Documents, as if such Additional Sites constituted the “Premises” as defined in the Loan Agreement, including, without limitation, all requirements regarding insurance, payment of taxes and impositions, maintenance of the property, maintenance of any licenses or permits, and compliance with laws.
Property Covenants. 7.1 During the lease period, we are obliged to coordinate the relationship between Party B and the property management company responsible for the management of the common areas.
7.2 Upon occupation, Party B shall provide the property management company engaged by Party A with the contact numbers of three main contacts for backup in case of emergency or other situations.
7.3 During the lease period, for the sake of safety, when Party B needs to move office furniture and computers and other items out of the building, it should register with Party A’s property management department in advance.
7.4 Party A shall have the right to change the name of the building in which the leased premises are located (hereinafter referred to as “the Building”) as necessary, provided that Party B is notified in writing or by public notice 30 days in advance.
7.5 A unified standard signage system will be set up in the lobby of the main entrance of the building. When Party B moves in, Party A will provide Party B with the production and installation of the signage once free of charge (limited to Party B’s first move-in), and the name of the signage will be limited to the name and room number recorded in this contract; without Party A’s written consent, Party B shall not post, set up or hang LOGO, drape or other signage outside its leased area and conduct related You shall not post, install, hang logos, drapes or other signs or conduct related promotional activities outside the leased area without our written consent.
7.6 In order to ensure the safety of electricity consumption, a 10-hour power outage will be carried out once every two years for the building’s electricity equipment in accordance with the Electricity Law, and Party A will notify Party B 60 calendar days before the day of the power outage.
7.7 In order to ensure the normal operation of the air conditioning, there will be 15 days of equipment maintenance days each year during the winter-summer and summer-winter switchover periods, during which the operation of the building’s air conditioning system will cease; Party A will notify Party B 7 calendar days in advance.
7.8 During the lease period, Party B should pay attention to property and personal safety, and Party B is the first responsible person and the ultimate responsibility bearer of fire safety. All responsibilities for personal injuries or fire accidents not due to Party A shall be borne by Party B; Party B shall compensate for any losses caused to Party A.
Property Covenants. Trustor covenants and agrees that:
Property Covenants. Save as disclosed in the Title Overview Reports, there are no material exceptions, reservations, easements, servitudes, burdens, rights, privileges, covenants, restrictions, or Encumbrances (including any arising under statute or any statutory power) or any breaches of town and country planning legislation (and any orders, regulations, consents or permissions made or granted under any of the same) or resolutions or proposals for the compulsory acquisition of any of the Mortgaged Properties or any means of access to or egress therefrom, which would reasonably be expected to have a Material Adverse Effect.
Property Covenants. The Company will, prior to the Effective Time, take all actions set forth on Part 6.13 of the Disclosure Schedule with respect to Intellectual Property.
Property Covenants. 90 4.4.1 Ownership of the Property .................................................................. 90 4.4.2 Liens Against the Property.................................................................. 90 4.4.3 Title Insurance for the Property .......................................................... 90 4.4.4 Deeds................................................................................................... 91 4.4.5 Mortgage Documents .......................................................................... 91 4.4.6 Condition of the Property.................................................................... 91 4.4.7 Compliance with Legal Requirements ................................................ 91 4.4.8 Property Taxes and Other Charges ..................................................... 91 4.4.9 Compliance with Agreements Relating to the Properties ................... 92 4.4.10 Leasing ................................................................................................ 93 ARTICLE 5
Property Covenants. All restrictions and provisions herein shall be deemed to be covenants running with the land and binding upon the parties hereto their heirs, assigns and successors and to each purchaser his heirs, successors and assigns and shall be in full force and effect from the date of recording of the subdivision plat, and shall apply to all lots. Any legal fees involved in enforcing any of these restrictions shall be the responsibility of the lot owner.