Common use of Boundaries Clause in Contracts

Boundaries. Except as shown in the Title Insurance Policy or as shown on the Survey, (a) none of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 4 contracts

Samples: Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc)

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Boundaries. Except as shown in the Title Insurance Policy or as shown on the Survey, (a) none of the Improvements which were included in determining the appraised value of the a Property lie outside the boundaries and building restriction lines of the related Property to any material extent, and (b) no improvements on adjoining properties encroach upon the a Property and no easements or other encumbrances upon the related Property encroach upon any of the Improvements so as to materially affect the value or marketability of the related Property.

Appears in 2 contracts

Samples: Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc)

Boundaries. Except as shown in the Title Insurance Policy or as shown on the Survey, (a) none all of the Improvements improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property and no Property. No easements or other encumbrances upon affecting the Property encroach upon any of the Improvements so as to materially affect the value value, marketability, use or marketability operation of the PropertyProperty except those which are insured against by the Title Insurance Policy, each of which, whether or not insured against by the Title Insurance Policy, is shown on the Survey.

Appears in 2 contracts

Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)

Boundaries. Except as shown in the Title Insurance Policy or as may be otherwise shown on the Survey, (a) none all of the Improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty. Except as may be otherwise shown on the Survey, and (b) no improvements on adjoining properties encroach upon the Property Property, no Improvements encroach upon any easements, and no easements or other encumbrances upon the Property encroach upon any of the Improvements Improvements, so as to materially affect the value value, current use or marketability of the PropertyProperty except those which are insured against by the Title Insurance Policy.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

Boundaries. Except as shown set forth in the Title Insurance Policy or as shown on the Survey, (a) none all of the Improvements improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon the Property encroach upon any of the Improvements Improvements, in each case, so as to materially affect result in a Material Adverse Effect, except those which are insured against by the value or marketability of the PropertyTitle Insurance Policy.

Appears in 1 contract

Samples: Loan Agreement (Park Hotels & Resorts Inc.)

Boundaries. Except as shown in the Title Insurance Policy or as shown on the Survey, (a) none None of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the related Individual Property to any material extentextent except as affirmatively insured by the Title Insurance Policy, and (b) no improvements on adjoining properties materially encroach upon the any Individual Property and no easements or other encumbrances upon the any Individual Property encroach upon any of the Improvements so as to materially affect the value or marketability of the related Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust, Inc.)

Boundaries. Except as shown on the Survey or in the Title Insurance Policy or as shown on the SurveyPolicy, (a) none to Borrower’s knowledge, all of the Improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the PropertyImprovements.

Appears in 1 contract

Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.)

Boundaries. Except as shown set forth in the Title Insurance Policy or as shown on the SurveyPolicy, (a) none all of the Improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the PropertyImprovements.

Appears in 1 contract

Samples: Loan Agreement (Republic Property Trust)

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Boundaries. Except as shown set forth in the Title Insurance Policy or as shown on the SurveyPolicy, (a) none all of the Improvements improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon affecting the Property encroach upon any of the Improvements improvements, so as to materially affect the value or marketability of the PropertyProperty except those which are insured against by title insurance.

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

Boundaries. Except as shown in the Title Insurance Policy or as shown disclosed on the Survey, (a) none all of the Improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty. Except as disclosed on the Survey, and (b) no improvements on adjoining properties encroach upon the Property Property, no Improvements encroach upon any easements, and no easements or other encumbrances upon the Property encroach upon any of the Improvements Improvements, so as to materially affect the value value, current use or marketability of the PropertyProperty except those which are insured against by the Title Insurance Policy.

Appears in 1 contract

Samples: Loan Agreement (AmREIT, Inc.)

Boundaries. Except as shown set forth in the Title Insurance Policy or as shown on the Surveysurvey described in Section 3.2(c), (a) none of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 1 contract

Samples: Loan Agreement (FSP 50 South Tenth Street Corp)

Boundaries. Except as shown specifically set forth as exceptions in the Lender’s Title Insurance Policy or as shown on the Survey, (a) none all of the Improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the PropertyImprovements.

Appears in 1 contract

Samples: Loan Agreement (Cb Richard Ellis Realty Trust)

Boundaries. Except as shown otherwise set forth in the Title Insurance Policy or as shown on the Survey, (a) none all of the Improvements improvements which were included in determining the appraised value of the Property lie outside wholly within the boundaries and building restriction lines of the Property to any material extentProperty, and (b) no improvements on adjoining properties encroach upon the Property Property, and no easements or other encumbrances upon the Property encroach upon any of the Improvements Improvements, so as to materially affect the value or marketability of the PropertyProperty except those which are insured against by the Title Insurance Policy.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

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