Compliance Insurance. Each Property is in compliance (or is deemed legally nonconforming) with all applicable Legal Requirements (including, without limitation, building and zoning and subdivision ordinances and codes but excluding any Environmental Laws) and all applicable Insurance Requirements. All insurance policies held by Borrowers relating to or affecting any Property are in full force and effect. None of the Borrowers have received any written notice of default or notice terminating or threatening in writing to terminate any such insurance policies.
Appears in 4 contracts
Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)
