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: Leases and Rents and Security Agreement (Acadia Realty Trust), And Security Agreement (Acadia Realty Trust), Rents and Security Agreement (Acadia Realty Trust)

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs

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: Operations and Maintenance Agreement (Gladstone Commercial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.