Common use of Boundaries Clause in Contracts

Boundaries. Except as otherwise shown on the Surveys, all of the Improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable Individual Property encroach upon any of the Improvements.

Appears in 4 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Boundaries. Except as otherwise shown on the SurveysSurvey with respect to any Individual Property, all of the Improvements on such Individual Property which were included in determining the appraised value of each such Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable such Individual Property encroach upon any of the ImprovementsImprovements on such Individual Property.

Appears in 4 contracts

Samples: Mezzanine Loan Agreement (Archstone Smith Operating Trust), Mezzanine Loan Agreement (Archstone Smith Operating Trust), Mezzanine Loan Agreement (Archstone Smith Operating Trust)

Boundaries. Except as otherwise shown disclosed on the Surveys, all of the Improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable Individual Property encroach upon any of the Improvements.

Appears in 3 contracts

Samples: Loan Agreement (FelCor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc)

Boundaries. Except as otherwise shown on the SurveysSurvey, all of the Improvements improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon the applicable any Individual Property encroach upon any of the Improvements, so as to affect the value or marketability of the applicable Property except those which are insured against by the applicable Title Insurance Policy.

Appears in 3 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (New York REIT, Inc.), Mezzanine Loan Agreement (New York REIT, Inc.)

Boundaries. Except as otherwise shown on disclosed to Lender in the SurveysPhysical Conditions Report and the related Survey, all of the Improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable Individual Property encroach upon any of the Improvements.

Appears in 2 contracts

Samples: Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Meristar Hospitality Operating Partnership Lp)

Boundaries. Except as otherwise shown on disclosed to Lender in the SurveysPhysical Conditions Report, all of the Improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable Individual Property encroach upon any of the Improvements.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Meristar Hospitality Corp), Mezzanine Loan Agreement (Meristar Hospitality Operating Partnership Lp)

Boundaries. Except as otherwise shown on the SurveysSurvey, all of the Improvements improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable affecting such Individual Property encroach upon any of the Improvementsimprovements, so as to cause a Material Adverse Effect except those which are insured against by title insurance.

Appears in 2 contracts

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Supertel Hospitality Inc)

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Boundaries. Except as otherwise shown on the Surveys, all of the Improvements improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable affecting such Individual Property encroach upon any of the Improvementsimprovements, so as to affect the value or marketability of the Property except those which are insured against by title insurance.

Appears in 1 contract

Samples: Loan Agreement (Ps Business Parks Inc/Ca)

Boundaries. Except as otherwise shown on set forth in the Surveys, all of the Improvements improvements which were included in determining the appraised value of each any Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon the applicable any Individual Property encroach upon any of the Improvements, in each case, so as to result in an Individual Material Adverse Effect on such Individual Property or such Individual Borrower, except those which are insured against by the applicable Title Insurance Policy.

Appears in 1 contract

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

Boundaries. Except Other than as otherwise shown on the SurveysSurvey of the applicable ---------- Individual Property, all of the Improvements improvements which were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon the applicable Individual Property encroach upon any of the Improvementsimprovements, so as to affect the value or marketability of the applicable Individual Property except those which are insured against by title insurance.

Appears in 1 contract

Samples: Loan Agreement (Prentiss Properties Trust/Md)

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