CARE AND USE OF THE PROPERTY. (a) Trustor represents and warrants to Beneficiary as follows: (i) All authorizations, licenses, including without limitation liquor licenses, if any, and operating permits required to allow the Improvements to be operated for the Use have been obtained, paid for and are in full force and effect. (ii) The Improvements and their Use comply with (and no notices of violation have been received in connection with) all Requirements (as defined in this Section) and Trustor and/or Operating Lessee as applicable shall at all times comply with all present or future Requirements affecting or relating to the Property and/or the Use. Trustor shall furnish Beneficiary, on request, proof of compliance with the Requirements. Trustor and/or Operating Lessee as applicable shall not use or permit the use of the Property, or any part thereof, for any illegal purpose. “Requirements” shall mean all laws, ordinances, orders, covenants, conditions and restrictions and other requirements relating to land and building design and construction, use and maintenance, that may now or hereafter pertain to or affect the Property or any part of the Property or the Use, including, without limitation, planning, zoning, subdivision, environmental, air quality, flood hazard, fire safety, handicapped facilities, building, health, fire, traffic, safety, wetlands, coastal and other governmental or regulatory rules, laws, ordinances, statutes, codes and requirements applicable to the Property, including permits, licenses and/or certificates that may be necessary from time to time to comply with any of the these requirements.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc), Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
CARE AND USE OF THE PROPERTY. (a) Trustor Grantor represents and warrants to Beneficiary as follows:
(i) All authorizations, approvals, licenses, including without limitation liquor licenses, if any, and operating permits required to allow the Improvements to be operated for the Use have been obtained, paid for and are in full force and effect.
(ii) The Improvements Improvements, all PLAN , parking facilities and landscaping upon the described Land and their Use comply with (and no notices of violation have been received in connection with) all Requirements (as defined in this Section) and Trustor and/or Operating Lessee as applicable Grantor shall at all times comply with all present or future Requirements affecting or relating to the Property and/or the Use. Trustor Grantor shall furnish Beneficiary, on request, proof of compliance with the Requirements. Trustor and/or Operating Lessee as applicable Grantor shall not use or permit the use of the Property, or any part thereof, for any illegal purpose. “Requirements” "REQUIREMENTS" shall mean all laws, ordinances, orders, covenants, conditions and restrictions and other requirements relating to land and building design and construction, use and maintenance, that may now or hereafter pertain to or affect the Property or any part of the Property or the Use, including, without limitation, planning, zoning, subdivision, environmental, air quality, flood hazard, fire safety, handicapped facilities, building, health, fire, traffic, safety, wetlands, coastal and other governmental or regulatory rules, laws, ordinances, statutes, codes and requirements applicable to the Property, including permits, licenses licenses, certificates of occupancy and/or other certificates that may be necessary from time to time to comply with any of the these requirements.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Washington Corp)
CARE AND USE OF THE PROPERTY. (a) Trustor Borrower represents and warrants to Beneficiary Lender as follows:
(i) All authorizations, licenses, including without limitation liquor licenses, if any, and operating permits required to allow the Improvements to be operated for the Use have been obtained, paid for and are in full force and effect.
(ii) The Improvements and their Use comply with (and no notices of violation have been received in connection with) all Requirements (as defined in this Section) and Trustor and/or Operating Lessee as applicable Borrower shall at all times comply with all present or future Requirements affecting or relating to the Property and/or the Use. Trustor Borrower shall furnish BeneficiaryLender, on request, proof of compliance with the Requirements. Trustor and/or Operating Lessee as applicable Borrower shall not use or permit the use of the Property, or any part thereof, for any illegal purpose. “"Requirements” " shall mean all laws, ordinances, orders, covenants, conditions and restrictions and other requirements relating to land and building design and construction, use and maintenance, that may now or hereafter pertain to or affect the Property or any part of the Property or the Use, including, without limitation, planning, zoning, subdivision, environmental, air quality, flood hazard, fire safety, handicapped facilities, building, health, fire, traffic, safety, wetlands, coastal and other governmental or regulatory rules, laws, ordinances, statutes, codes and requirements applicable to the Property, including permits, licenses and/or certificates that may be necessary from time to time to comply with any of the these requirements.
Appears in 1 contract
Samples: Mortgage, Security Agreement and Fixture Filing (Acadia Realty Trust)