Recorded Covenant definition

Recorded Covenant means a covenant recorded on an Infill Brownfield Development Project which receives an Infill Grant:
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Recorded Covenant means a recorded affordability restriction with a term of at least 55 years that limits the rental of the dwelling units to households with an income not exceeding 60% of the Area Median Income at Affordable Rent and is made for the benefit of and enforceable by the City, Santa Clara County, or a State or Federal Agency.
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Examples of Recorded Covenant in a sentence

  • Recorded Covenant AffidavitI, the undersigned, serve as the owner and/or owner's representative and certify that the information contained herein to be true and accurate.

  • A copy of the Regulatory Agreement or Recorded Covenant, if applicable.

  • Recorded Covenant and Agreement(s) will be required for all reciprocal private easements.

  • Any conversion will be adjusted back to the date of execution and is dependent on a Regulatory Agreement with an appropriate public agency or a Recorded Covenant.

  • The applicant has an agreement to provide 7 parking spaces on- campus and 2 spaces under Recorded Covenant by and between Van-Dyke Dermatology and Self-Storage Facility 12345 Ventura Ct, Studio City, CA 91604, conditioned upon the recorded covenant.

  • A requirement that the Borrower or Grantee enter into a Regulatory Agreement or Recorded Covenant with the Authority.

  • Rochman, Esq., on behalf of GTS Property, Los Angeles, Inc., to the City Council relative to the determination of the Advisory Agency regarding a relocation assistance dispute and the interpretation and application of Recorded Covenant Agreement for Recorded Map No. 50346 for a 164-unit condominium conversion at 620 South Gramercy Place.

  • These realities, consequently, require the preservationist to interpret a filmmaker’s intent as a necessary adjunct to the material artifact itself.

  • If the Council were to approve this action, staff would enter into a Release of Obligations arising under Development Agreement and Recorded Covenant to retire the Development Agreement and remove all obligations from the Covenant Agreement pertaining to traffic and transportation mitigations and fees from the property’s title.

  • No. IX., is requesting the City approve of the pending sale of the property, per the property’s Development Agreement, and release a Recorded Covenant currently imposed on the property’s title.

Related to Recorded Covenant

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

  • Significant Restricted Subsidiary means any Restricted Subsidiary, or group of Restricted Subsidiaries, that would, taken together, be a “significant subsidiary” as defined in Article 1, Rule 1-02 (w)(1) or (2) of Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the date of this Indenture.

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

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

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

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

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are internally available to (y) Consolidated Interest Expense for such four fiscal quarters; provided, however, that:

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

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

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

  • Non-Restricted Subsidiary means any Subsidiary that the Company’s Board of Directors has in good faith declared pursuant to a written resolution not to be of material importance, either singly or together with all other Non-Restricted Subsidiaries, to the business of the Company and its consolidated Subsidiaries taken as a whole.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Domestic Subsidiary means any Subsidiary that is organized under the laws of the United States, any state thereof or the District of Columbia.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Legended Covered Bonds means Registered Covered Bonds (whether in definitive form or represented by a Registered Global Covered Bond) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Non-Recourse Subsidiary means any Subsidiary of the Company (1) whose principal purpose is to incur Non-Recourse Indebtedness and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a partnership, limited partnership, limited liability partnership, corporation (including a business trust), limited liability company, unlimited liability company, joint stock company, trust, unincorporated association or joint venture created for such purpose (collectively, a “Business Entity”), (2) who is not an obligor or otherwise bound with respect to any Indebtedness other than Non-Recourse Indebtedness, (3) substantially all the assets of which Subsidiary or Business Entity are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Indebtedness, or (y) Capital Stock in, or Indebtedness or other obligations of, one or more other Non-Recourse Subsidiaries or Business Entities, and (4) any Subsidiary of a Non-Recourse Subsidiary; provided that such Subsidiary shall be considered to be a Non-Recourse Subsidiary only to the extent that and for so long as each of the above requirements are met.

  • Event of Noncompliance shall have the meaning set forth in the Certificate of Designations.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Owner Event of Default has the meaning set forth in Section 20.3.

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $50,000,000.

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