Permanent Restrictions on Use Sample Clauses

Permanent Restrictions on Use. The Developer agrees for itself, and its successors and assigns, and every successor in interest to the Land [and the Private Property – if applicable] and the improvements thereon or any part thereof, that (i) any green space included within the Project shall be restricted in perpetuity to use only as open space for the use and enjoyment by the public, which use restriction shall, at the election of the Town, either be set forth in the Deed or in a separate instrument conveying either title to such green space or the benefit of such a restriction with respect to such green space to either the Town or a nonprofit organization designated by the Town, and (ii) all affordable housing units constructed or to be constructed as part of the Project shall be subject to a permanent restriction preserving such units as affordable housing. The documents described in the preceding sentence (collectively, the “Restriction Documents”) shall be in form and content mutually acceptable to the Town and the Developer, and shall be recorded simultaneously with the Deed (to the extent such restrictions are not set forth in the Deed itself).
Sample 1
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Permanent Restrictions on Use. The Developer agrees for itself, and its successors and assigns, and every successor in interest to the Land [and the Private Property – if applicable] and the improvements thereon or any part thereof, that (i) any green space included within the Project shall be subject to a conservation restriction in perpetuity to be granted by the Developer to the Town or to a nonprofit organization designated by the Town, restricting such portion of the Land [and the Private Property, if applicable] to use only as open space for the use and enjoyment by the public, which restriction shall be set forth in an instrument to be executed by the parties thereto and approved and endorsed by the Secretary of EOEEA (and executed by the Select Board of the Town, if required by the applicable statute), all in accordance with the provisions of Massachusetts General Laws Chapter 184, Sections 26 – 32 (the “Conservation Restriction”), and (ii) all affordable housing units constructed or to be constructed as part of the Project shall be subject to a permanent restriction preserving such units as affordable housing, which restriction shall be set forth in an instrument to be executed by the parties thereto and approved by the Director of DHCD (and executed by the Select Board of the Town, if required by the applicable statute), all in accordance with the provisions of Massachusetts General Laws, Chapter 184, Sections 26 – 32 (the “Affordable Housing Restriction”). The documents described in the preceding sentence (collectively, the “Restriction Documents”) shall be in form and content mutually acceptable to the Town and the Developer, and shall be recorded simultaneously with the Deed and prior to any mortgage or other financing document encumbering title to any portion of the Land or the Private Property. [As noted in Section 5.01.1 above: if the Project includes improvements to be constructed on the Private Property, then the Restriction Documents shall also include a separate instrument in form and content mutually acceptable to the Town and the Developer restricting the use of the Private Property as set forth in Section 5.01.1 for the duration of the Restriction Period.] R estrictions During Construction. From the date the parties enter into this Agreement until the Town has issued the Certificate of Completion, the following restrictions shall bind the Developer and its successors and assigns, and every successor in interest to the Land [and the Private Property – if applicable...
Sample 1

Related to Permanent Restrictions on Use

  • Restrictions on Use Licensee is not permitted to make any use of the Licensed Marks in connection with products or services other than the Sprint PCS Products and Services, and as specifically authorized in Sections 1.1(b) above with respect to Related Equipment and Premium and Promotional Items, nor to make any use of the Licensed Marks directed outside of the Service Area.

  • TEMPORARY RESTRICTIONS ON ACCESS TO RESIDENCE UCF DHRL may temporarily restrict access to residences in cases where the Student has an outstanding balance and attempts to communicate with the Student regarding the balance have been unsuccessful.

  • Investment Restrictions How the Fund is Managed ................................................................................

  • Restrictions on Use of the Service You agree to comply with Viasat’s Acceptable Use Policy, Data Allowance Policy, Bandwidth Usage Policy, Unlimited Data Policy and Email End User License Agreement applicable to your service located at xxx.xxxxx.xxx/xxxxx and xxx.xxxxxx.xxx/xxxxx, all of which are incorporated into and made a part of this Agreement. Viasat reserves the right to immediately terminate the Service and this Agreement if you knowingly or otherwise engage in any prohibited activity. You do not own or have any rights (other than those expressly granted to you) to a particular IP address, even if you are utilizing a static IP address.

  • Limitations on Use No part of the moneys delivered to the Recipient pursuant to Section II hereof is being or will be used to refinance, retire, redeem, or otherwise pay debt service on all or any part of any part of any governmental obligations regardless of whether the interest on such obligations is or was excluded from gross income for federal income tax purposes unless prior approval by the Director is given.

  • ACCOUNT RESTRICTIONS In order to receive and maintain a Platinum Secure Mastercard Credit Card, You agree to give Us a specific pledge of shares which will equal Your credit limit. In the event that You default on Your Platinum Secure Mastercard Credit Card, We may apply these shares toward the repayment of any amount owed on Your Account. You may cancel Your Platinum Secure Mastercard Credit Card at any time by paying any amounts owed on Your Account. To be certain that Your entire balance and all advances on Your Account are paid, any shares pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each Feature Category for which You are approved. Unless You are in default, any Credit Limits established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay any amount over Your Credit Limit on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than Your Credit Limit, You will have no credit available during any time that any aspect of Your Account is in default.

  • General Restrictions The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days following the Effective Date to anyone other than: (i) Aegis Capital Corp. (“Aegis”) or an underwriter or a selected dealer participating in the Offering, or (ii) a bona fide officer or partner of Aegis or of any such underwriter or selected dealer, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). On and after 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.

  • Restrictions on Claims 11.1 Notification and mitigation A party wishing to claim under any indemnity provided for in this contract:

  • Specific Restrictions on Use of Licensed Materials Unauthorized Use. Licensee shall not knowingly permit anyone other than Authorized Users to use the Licensed Materials.

  • Use Restrictions (a) Company will not do or attempt to do, and Company will not permit any other person or entity to do or attempt to do, any of the following, directly or indirectly:

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