Residential Covenant definition

Residential Covenant means collectively the Community Charter for Daybreak and the articles, bylaws, resolutions, rules and regulations of the Residential Association as amended or supplemented from time to time.
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Examples of Residential Covenant in a sentence

  • In order to maintain the high standards that make Daybreak a desirable place to live, the Residential Association has established rules and procedures, as set forth in the Residential Covenant, restricting certain uses of your property.

  • The Residential Association is also responsible for enforcing community-wide standards of use, maintenance and architecture and other design standards and protective covenants, conditions, restrictions, easements, liens, and charges as described in the Residential Covenant.

  • The Residential Covenant currently prohibits the leasing or renting of a residential unit until it has been occupied by its owner for a continuous period of 12 months and until satisfactory documentation of such occupancy has been provided to and approved by the Residential Association, and thereafter also prohibits leasing or renting more than one residential unit at any time by an owner and any other owners with whom such owner is affiliated.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $131.50 per month (which $131.50 currently includes charges of $33.00 for Century Link internet and data related services).

  • If purchasing a condominium unit, Buyer’s right to use common areas within Daybreak, other than the condominium project’s common areas, shall be governed by the Residential Covenant.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $131.50 per month which currently includes charges for Century Link internet and data related services in the amount of $33.00 per month.

  • Revisions to CA Residential Covenant Review and Enforcement Process specifically related to Abandoned Properties Ms. Fanaroff explained that CA has historically done lawn maintenance and trash removal on vacant property.

  • The Residential Covenant currently prohibits the leasing or renting of a residential unit until it has been occupied by its owner for a continuous period of 12months and until satisfactory documentation of such occupancy has been provided to and approved by the Residential Association, and thereafter also prohibits leasing or renting more than one residential unit at any time by an owner and any other owners with whom such owner is affiliated.

  • The initial amount of base assessments payable by residents of Daybreak pursuant to the Residential Covenant is currently $109 per month (which$109 currently includes charges of $33 for Century Link internet and data related services).

  • As outlined in the Strategic Plan, a review of the CB South Residential Covenant and Guidelines will be the next area of focus following the completion of the Commercial Area Master Plan SAR revisions.

Related to Residential Covenant

  • 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.

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

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

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

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

  • 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.