Common use of Claims; Litigation Clause in Contracts

Claims; Litigation. There is no claim, litigation or condemnation proceeding pending, or, to the knowledge of the Borrower, threatened, against the Property or Borrower, which would be likely to have a material adverse affect on the Property or Borrower's ability to perform its obligations in the connection with the Loan.

Appears in 4 contracts

Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (Acadia Realty Trust), Open End Mortgage, Assignment of Leases and Rents and Security Agreement (Acadia Realty Trust), Mortgage, Assignment of Leases and Rents and Security Agreement (Acadia Realty Trust)

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Claims; Litigation. There is no claim, litigation or condemnation proceeding pending, or, to the knowledge of the Borrower, threatened, against the Property or Borrower, which would be likely to have a material adverse affect on the Property or Borrower's ability to perform its obligations in the connection with the Loan.

Appears in 1 contract

Samples: Mortgage (Horizon Group Properties Inc)

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Claims; Litigation. There is no claim, litigation or condemnation proceeding pending, or, to the knowledge of the Borrower, threatenedthreatened in writing, against the Property or Borrower, which would be likely to have a material adverse affect on the Property or Borrower's ability to perform its obligations in the connection with the Loan.

Appears in 1 contract

Samples: Mortgage, Assignment of Rents and Security Agreement (Gladstone Commercial Corp)

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