1972 Covenants definition

1972 Covenants means the covenants contained in a conveyance made between the Churston Estate (1), the Club (2) and the Woodcote (Guernsey) Investment Co Limited (3) and the Owner (4)
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Examples of 1972 Covenants in a sentence

  • For our audit period, fewer students than the statutory maximum were eligible for the tuition aid.

  • The Other Party hereby acknowledges that the Development does not represent a breach of the 1972 Covenants.

  • We further recognize that under the 1972 Covenants and 1981 Covenants, Jackson Nat’l Life Ins.

  • It is undisputed that the assessments under the respective covenants to fund Greenwood Development’s maintenance obligations of Palmetto Dunes “run with the land.”cause of action seeking a declaratory judgment that all unit owners in the regime be assessed prospectively at the lower rate under the 1972 Covenants.

  • Greenwood Development’s lack of a direct ownership interest in the property of Queen’s Grant in no manner impedes its continuing rights as Declarant under the 1972 Covenants, including its ability to amend the covenants.

  • For all these reasons, the Local Planning Authority does not consider this to be a sustainable location and considers that the resulting harm would amount to significant and demonstrable harm that is not outweighed by the benefits of the development.

  • Queen’s Grant presses three arguments in its effort to invalidate the 1981 Covenants and return to lower assessments under the 1972 Covenants.

  • This street is located in the Queen’s Grant regime, but we are unable todetermine its precise location from the record.Development lacked the authority to amend the covenants in 1981, and therefore each co-owner in the regime should be assessed in the future pursuant to the lower fee in the 1972 Covenants.

  • Greenwood Development determined the assessments under the 1972 Covenants were insufficient to fund its maintenance duties throughout the resort.

  • If a person who has failed to produce proof of the maintenance of financial responsibility appears in court for a ticketed violation, the court may permit the defendant to present evidence of proof of financial responsibility to the court at such time and in such manner as the court determines to be necessary or appropriate.

Related to 1972 Covenants

  • 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.

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a signed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: Xxxxx X. Xxxxxxx President Accepted and Agreed:

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

  • 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.

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

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

  • 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.

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

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

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

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

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. 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.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • Covenant Suspension Event has the meaning assigned to such term in Section 4.19.

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

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

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal quarter of Borrower most recently ended prior to a Covenant Trigger Event for which Borrower is required to deliver to Administrative Agent quarterly or annual financial statements pursuant to Section 5.2 of this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (i) 10% of the Borrowing Limit, and (ii) $15,000,000 for 60 consecutive calendar days.

  • 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;

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

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Events of Default has the meaning specified in Section 6.01.