Compliance with Existing Laws. The Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller has no knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has no knowledge, nor has it received notice within the past three years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.
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Samples: Agreement of Purchase (Innkeepers Usa Trust/Fl), Agreement of Purchase (Innkeepers Usa Trust/Fl)
Compliance with Existing Laws. The Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller Xxxxxx has no knowledge of any change in the circumstances under which any of those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has not taken any action (or failed to take any action), the omission of which would result in the revocation of any of the Authorizations. Seller has no knowledge, nor has it received notice within the past three years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereofEffective Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Golf Trust of America Inc)
Compliance with Existing Laws. The To the Seller’s Knowledge, the Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller has no knowledge Knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has no knowledgeKnowledge, nor has it received notice within the past three (3) years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Chatham Lodging Trust)
Compliance with Existing Laws. The Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller has no knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has no knowledge, nor has it received notice within the past three years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.
Appears in 1 contract
Compliance with Existing Laws. The To Seller’s Knowledge, the Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller has no knowledge Knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has no knowledgeKnowledge, nor has it received notice within the past three (3) years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Chatham Lodging Trust)
Compliance with Existing Laws. The To Seller’s knowledge, Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated, subject however, to Exhibit 3.6 attached. The Seller has not misrepresented or failed Subject to disclose any relevant fact in obtaining all AuthorizationsExhibit 3.6, and the Seller has no knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has no knowledge, nor has it received notice within the past three (3) years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable buildingApplicable Laws including, zoning, subdivision, environmental or other govern- mental ordinance, resolution, statute, rule, order or regulation, including but not limited to to, those of environmental agencies or insurance boards of underwriters, underwriters with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations to the Property other than those that have been made prior to the date hereof. Seller has not received written notice within the past three (3) years, of any existing or threatened violation of any restrictive covenants or deed restrictions affecting the Property which have not been remedied.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Ashford Hospitality Prime, Inc.)
Compliance with Existing Laws. The Seller possesses all Board of Director Authorizations ("Authorizations"), each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. The Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Seller has Sellxx xxx no knowledge of any change in the circumstances under which any of those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Seller has not taken any action (or failed to take any action), the omission of which would result in the revocation of any of the Authorizations. Seller has no knowledge, nor has it received notice within the past three years, or during the Seller's ownership of the Property, whichever is less, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other govern- mental governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property BGMS or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereofEffective Date.
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