Common use of Compliance with Agreements and Laws Clause in Contracts

Compliance with Agreements and Laws. The Management Company has all requisite licenses, permits and certificates, including environmental, health and safety permits, from federal, state and local authorities necessary to conduct its business and own and operate its assets (collectively, the "Permits") except as would not have a Material Adverse Effect. The Management Company is not in violation of any law, regulation or ordinance (including, without limitation, laws, regulations or ordinances relating to building, zoning, environmental, disposal of hazardous substances, land use or similar matters) relating to its properties, the violation of which would have a Material Adverse Effect on the Management Company or its properties. The business of the Management Company does not violate, in any material respect, any federal, state, local or foreign laws, regulations or orders (including, but not limited to, any of the foregoing relating to employment discrimination, occupational safety, environmental protection, hazardous waste (as defined in the Resource Conservation and Recovery Act, as amended, and the regulations adopted pursuant thereto), conservation, or corrupt practices, the enforcement of which would have a Material Adverse Effect on the Management Company. Except as set forth on Schedule 2.13 attached hereto, the Management Company has not since January 1, 1997 received any notice or communication from any federal, state or local governmental or regulatory authority or otherwise of any such violation or noncompliance which would have a Material Adverse Effect.