Commercial Covenant definition

Commercial Covenant means the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Daybreak Village and the articles, bylaws, resolutions, rules and regulations of the Commercial Association as amended or supplemented from time to time.
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Examples of Commercial Covenant in a sentence

  • The Commercial Covenant establishes a governance structure and a system of standards and procedures for the development, expansion, administration, maintenance, and preservation of various commercial and other non-residential properties and common areas within Daybreak.

  • The Commercial Covenant also establishes the Commercial Association to own, operate and/or maintain various common areas and community improvements in connection with the commercial development within Daybreak and to administer and enforce the Commercial Covenant.

  • Such uses, including retail, office, religious, civic, educational, and industrial uses, will be governed by the Commercial Covenant.

  • Such uses, including retail, office, religious, civic, educational, and industrial uses, are governed by the Commercial Covenant.

  • Commercial Units may be used and occupied for commercial purposes permitted by the Commercial Covenant, including, offices, retail, personal services and food and beverage.

  • Any other commercial use of the photos must have written consent of ISA and the individual photographed.

  • Commercial Covenant- Credit card users vow to pay back their borrowed amount over a set period of time.

Related to Commercial Covenant

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

  • 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).

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

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 7.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 6.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Pro Forma Compliance means, with respect to any transaction, that such transaction does not cause, create or result in a Default after giving Pro Forma Effect, based upon the results of operations for the most recently completed Measurement Period to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma Effect hereunder that have occurred on or after the first day of the relevant Measurement Period.

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