Common use of Changes in Property Restrictions Clause in Contracts

Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative Agent, not to be unreasonably withheld.

Appears in 4 contracts

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

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Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative Agent, not to be unreasonably withheldLender.

Appears in 2 contracts

Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc), Construction Loan Agreement (CNL Growth Properties, Inc.)

Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative AgentLender, not to be unreasonably withheld, conditioned or delayed. Lender agrees to promptly review and provide its consent to easements that are customary in the development of Projects similar to the Project, including without limitations utility easements, provided that the form and substance of such easements are reasonably acceptable to Lender.

Appears in 2 contracts

Samples: Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the PropertyProject, except with the prior written consent of Administrative Agent, not to be unreasonably withheldthe County.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative Agent, Lender (not to be unreasonably withheld, conditioned or delayed).

Appears in 2 contracts

Samples: Credit Agreement (Universal Technical Institute Inc), Credit Agreement (Universal Technical Institute Inc)

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Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative AgentLender. Notwithstanding the foregoing, not Borrower, without need for Lender’s consent, shall have the right to apply for and pursue all permits, approvals, variances and consents (“Approvals”) which may be unreasonably withheldneeded from any Governmental Authority in connection with any Expansion Project.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Global Self Storage, Inc.)

Changes in Property Restrictions. Borrower shall not initiate, join in or consent to any change in any applicable zoning ordinance, general plan or similar law, or to any private restrictive covenant or any similar public or private restriction on the use of the Property, except with the prior written consent of Administrative AgentBondowner Representative, which consent shall not to be unreasonably withheld.

Appears in 1 contract

Samples: Loan Agreement

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