USE OF THE LANDS. The Purchaser agrees and acknowledges that the Vendor is transferring title to the Lands subject to a condition subsequent. The Purchaser covenants to construct a permanent dwelling on the Property within three (3) years of the Closing Date, and the Purchaser agrees to enter into a Development Agreement, substantively as appended to this Agreement, to secure that covenant.
USE OF THE LANDS. The Mortgagor will not commit or permit any act of waste on the Lands or any portion thereof or do or permit anything which might impair the value thereof. The Mortgagor will at all times during the continuance of this mortgage well and sufficiently repair, maintain, restore, amend and keep the Lands and every part thereof in good and substantial repair. The Mortgagee by its agents, solicitors or inspectors may enter upon the Lands or any part thereof at any reasonable time to view their state of repair. If in the opinion of the Mortgagee the Lands or any part thereof are not in a proper state of repair it may serve notice upon the Mortgagor to make such repairs or replacements as the Mortgagee deems proper within a time limited by such notice. If the Mortgagor fails to comply with such notice such failure will constitute a breach of covenant hereunder and in such event the Mortgagee or its agents, employees or contractors may enter upon the Lands and proceed to repair as provided in this mortgage and will have all the remedies set forth herein. The Mortgagor will not make, or permit to be made, any alterations or additions to the Lands, or change their present use thereof, without the consent of the Mortgagee. If the Mortgagor rents out all or any portion of the Lands, the Mortgagor will faithfully perform any landlord's covenants which it may have undertaken or which it may hereafter undertake as landlord under any such leases and will neither do, neglect to do, nor permit to be done, anything (other than pursuing the enforcement of the terms of such leases in accordance with the terms thereof) which may cause a material modification or termination of any such leases or which may diminish the value of any leases, the rents provided for therein, or the interest of the Mortgagor or Mortgagee herein. The Mortgagor will not assign its interest in any such leases. The Mortgagor will give the Mortgagee immediate notice of any material default or notice of cancellation under any such leases. In its ownership, operation and management of the Lands, the Mortgagor will observe and comply with all applicable federal, provincial and municipal by-laws, statutes, ordinances, regulations, orders and restrictions including but not limited to all health, fire safety and land use by-laws and all building codes affecting the Lands. In this mortgage:
USE OF THE LANDS. Xxxxxxxx Xxxxxx confirms that it will use the test track solely for the low-speed testing of rebuilt Land Cruisers from the Compass Minerals Goderich Salt Mines and for no other purpose.
USE OF THE LANDS. (a) The Mortgagor will not commit or permit any act of waste on the Lands or any portion thereof or do or permit anything which might impair the value thereof.
USE OF THE LANDS. 9.1 The Association agrees to use and occupy the Lands and Facility for the following purposes only:
USE OF THE LANDS. 3.1 The City makes no promise, undertaking or representation as to the state or condition of the Lands. The Society accepts the Lands on an “as is, where is” basis.
USE OF THE LANDS. Leis Lumber confirms that it will use the Lands solely for the storage of lumber and lumber products and for no other purpose.
USE OF THE LANDS. The Purchaser covenants to demolish the existing structure on the Lands, and thereafter to use the Lands for: The Purchaser acknowledges that the covenant in this Section shall not merge with the closing of the transaction, but shall survive closing, and be enforceable by the Vendor for a term of two (2) calendar years from the Closing Date.
USE OF THE LANDS. 5. Teck shall be entitled to install to the structure located on the Lands any utilities it deems appropriate for the use of the Lands, including water, sewer, fiber optic, cable and electrical services, at its sole cost and expense PROVIDED THAT Teck specifically acknowledges and agrees that this Agreement shall not constitute an interest in the Land or the Parent Parcel in favour of Teck. In the event that the Lands at a future date are not exempt from taxation, Teck acknowledges and agrees that it shall be solely liable for any property taxes that may be levied on the Lands in relation to Teck’s use and occupation of the Lands and shall pay such taxes when due.
