Deed Restrictions. The Recipient shall record the Deed Restrictions together with the deed. The Recipient agrees that the Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, at the Director's sole and absolute discretion, who shall have full enforcement authority with respect to the Deed Restrictions. If any amendment, release, extinguishment or other modification of the Deed Restrictions should occur without the prior written approval of the Director, the Recipient or its successors and assigns as owner of the Land or interest therein, shall pay to the OPWC upon demand from the Director the following: 1) all grant funds disbursed under this Agreement; and 2) liquidated damages equal to one hundred percent (100%) of the Funds disbursed by the OPWC for the Project together with interest accruing at a rate equal to six percent (6%) per annum from the date of Recipient's receipt of the grant.
Deed Restrictions. The Recipient shall record the Deed Restrictions together with the deed. The Recipient agrees that the Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, at the Director's sole and absolute discretion, who shall have full enforcement authority with respect to the Deed Restrictions. If any amendment, release, extinguishment or other modification of the Deed Restrictions should occur without the prior written approval of the Director, the Recipient or its successors and assigns as owner of the Land or interest therein, shall pay to the OPWC upon demand from the Director the following: 1) all grant funds disbursed under this Agreement; and 2) liquidated damages equal to one hundred percent (100%) of the Funds disbursed by the OPWC for the Project.
Deed Restrictions. Developer agrees that all restrictive covenants for the Project shall reinforce the provisions of this section and be applied to all builders and subsequent buyers and shall be appropriately drafted and filed to effectuate this intent and Agreement.
Deed Restrictions. 1. Unless prohibited by the context in which they are used, the following words, when used in these restrictions, shall have the following meanings:
Deed Restrictions. Pursuant to Massachusetts General Laws Chapter 44B, § 12 every project that involves the acquisition of any interest in real property with CPA funds, in whole or in part, shall be bound by a permanent deed restriction that meets the requirements of M.G.L. c. 184, limiting the use of the interest to the purpose for which it was acquired. Where applicable, Recipient agrees to the imposition of such deed restriction in a form acceptable to the CPC.
Deed Restrictions. By signing this Lease, Tenant confirms that they have been given a copy of the subdivision deed restrictions. Tenant further agrees to abide by the subdivision deed restrictions. Landlord will notify Tenant of a violation of any deed restriction and Tenant will have 14 days from notification to correct all violations. Failure to do so constitutes an act of default of this Lease and is grounds for the termination of the tenancy.
Deed Restrictions. Attainable Units will be subject to permanent deed restrictions or other binding affordability restrictions that run with the land and require transfer of the Attainable Units to another income qualified household for a maximum sales price in a form agreed upon by the City of Flagstaff Housing Director or designee (“Deed Restrictions”). Prior to the conveyance of an Attainable Unit from Developer to a third party purchaser (“Initial Sale”), Deed Restrictions for the particular Attainable Unit incorporating the requirements of this Agreement and will be recorded by Developer in the official records of Coconino County.
Deed Restrictions. (a.) The Deed shall contain a “declaration of condition subsequent” imposing the following restrictions on the Purchase of the Property, which restrictions shall run with the land and is binding on the Purchaser and subsequent owners for the time limits prescribed:
Deed Restrictions. With respect to Deed Restrictions to be placed on the Property, Seller and Purchaser hereby agree to the following:
Deed Restrictions. BUYER and SELLER acknowledge that the property described herein is, is not, encumbered by a “Restriction Period” in which the property shall be used for the sale of ______________ branded petroleum products (or the branded products of any affiliate of Grantor) and operation of a convenience store, or any other lawful use except for the retail sale of petroleum products that are not under the brand name ______________ (or the brand name of any affiliate of Grantor). If the land is not used specifically for the sale of petroleum products or operation of a convenience store under the brand name ______________ (or the brand name of any affiliate of Grantor) at any time during the Restriction Period, the land shall not be used for the sale of petroleum products or operation of a convenience store. This covenant shall run with the land described herein and, during the Restriction Period, shall burden and benefit such land and each owner, the holders or owners of any mortgage or indenture encumbering any of such land, any purchaser at a foreclosure sale, any other person or entity acquiring any right title and interest in such land and their respective heirs, executors, administrators, representatives, successors and assigns. This covenant shall benefit Grantor and its affiliates only. It shall not be assignable by Grantor and its affiliates. In the event that Grantor and its affiliates no longer sell petroleum products in the metropolitan area where the land is located, upon the request of the owner of the land, Grantor shall execute and record a termination of this covenant.
