Covenants are most often used by planned developments such as gated communities, condominiums, and housing cooperatives to ensure a certain level of order and uniformity. The standards enforced through covenants often help the homes in the neighborhood retain their value because they tend to look much nicer and better maintained.

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Bond Covenant: A bond covenant is a legally binding term of agreement between a bond issuer and a bond holder. Bond covenants are designed to protect the interests of both parties. Negative or.

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Franey said the area now under a conservation covenant. had to do. “I just decided that it’s so lovely there, I think it would be spoiled if anybody ever did anything,” he said. “So, for perpetuity.

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Conversely, an improperly drafted liquidated damages provision can undermine an employer’s effort to enforce a restrictive covenant and can create an impediment to the protection of legitimate.

Protection Services;. “what do you mean financial loan covenant. Whether restrictive or protective, the loan covenants required by banks are generally.

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A covenant in its most general sense and historical sense, is a solemn promise to engage in or refrain from a specified action.Under historical English common law a covenant was distinguished from an ordinary contract by the presence of a seal.Because the presence of a seal indicated an unusual solemnity in the promises made in a covenant, the common law would enforce a covenant even in the.

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