Compliance with Law; Government Approvals. (a) Borrower has complied and is complying with all requirements, made all applications, and submitted all reports required by The Bank Holding Company Act of 1956, as amended, and any regulations or rulings issued in connection therewith, and the transaction contemplated hereby will not violate any such statutes, rules, rulings, or regulations nor will the consummation of said actions and transactions cause Borrower to be in violation thereof. Borrower has, if required, made all filings and received all governmental or regulatory approvals necessary for the consummation of the transactions described herein, including without limitation the approval of the Board of Governors of the Federal Reserve System.
(b) Borrower has complied and is complying with all other applicable state or federal statutes, rules, rulings and regulations. The borrowing of money and said actions and transactions required hereunder will not violate any of such statutes, rules, rulings, or regulations.
Compliance with Law; Government Approvals. The Seller has ----------------------------------------- not received notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Leased Real Property that has not been corrected heretofore, and, to the knowledge of the Seller, no such violation now exists which could have an adverse effect on the operation or value of any of the Leased Real Property. To the knowledge of the Seller, all improvements constituting a part of the Leased Real Property are in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and to the knowledge of the Seller there are presently in effect all licenses, permits and authorizations required by law, ordinance, or regulation. To the knowledge of the Seller, there is at least the minimum access required by applicable subdivision or similar law to the Leased Real Property. The Seller has not received notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Leased Real Property.
Compliance with Law; Government Approvals. Sellers have received no notice from any Governmental Authority of any violation of any zoning, building, fire, water, use, health, or other law, ordinance, code, regulation, license, permit or authorization issued in respect of any of the Leased Real Property that has not been heretofore corrected, and no such violation or violations now exist that would materially interfere with or impair the use, occupancy or operation of the Leased Real Property as it is currently used, occupied or operated. The Leased Improvements located on or constituting a part of the Leased Real Property and the construction, installation, use and operation thereof (including, without limitation, the construction, installation, use and operation of any signs located thereon) are in compliance with all applicable municipal, state, federal or other governmental laws, ordinances, codes, regulations, licenses, permits and authorizations, including, without limitation, applicable zoning, building, fire, water, use or health laws, ordinances, codes, regulations, licenses, permits and authorizations, and there are presently in effect all Governmental Approvals except such non-compliance as will not materially interfere with or impair the use, occupancy or operation of the Leased Real Property as it is currently used, occupied or operated. All Governmental Approvals required by law, ordinance, code, regulation or otherwise to be held by the tenant of any of the Leased Real Property shall be transferred to Buyer at Closing, if and to the extent transferrable. Except as set forth in SCHEDULE 2.1(B), the assignment of the Leased Real Property to Buyer includes all rights to the use of any off-site facilities necessary to ensure compliance in all material respects with all such laws, ordinances, codes and regulations. There is legally enforceable pedestrian and vehicular access to the Leased Real Property.
Compliance with Law; Government Approvals. (1) Borrower and the Project, as applicable, and the contemplated use thereof and operations thereat, comply, and upon completion of construction of the Construction Work shall comply, with all Applicable Law, except where the failure so to comply could not reasonably be expected to have a Material Adverse Effect.
(2) All Government Approvals necessary in connection with the construction and operation of the Project as contemplated by the Loan Documents and the Project Documents, are set forth in Schedule 7.6 attached hereto (the “Permitting Schedule”) and, other than those Government Approvals to be obtained after the date hereof as expressly identified in the Permitting Schedule, have been duly obtained, were validly issued, are in full force and effect, are not subject to appeal, are held in the name of Borrower (in the case of the Project, are held in the name of Borrower (in the case of the Project), are free from conditions or requirements, the compliance with which could reasonably be expected to have a Material Adverse Effect or which Borrower does not reasonably expect will be able to be satisfied in the ordinary course of business, and are assignable to and assumable by the successors in interest and transferees of Borrower and run with the land.
(3) There is no proceeding pending or, to Borrower’s Knowledge, threatened that seeks, or may reasonably be expected, to rescind, terminate, modify or suspend any such Government Approval.
(4) The information set forth in each application and other written material submitted by Borrower and, to Borrower’s Knowledge, to the applicable Governmental Authority in connection with each such Government Approval is accurate and complete in all material respects.
(5) The Government Approvals expressly described on the Permitting Schedule as those to be obtained after the date hereof are required solely in connection with later stages of development, construction or operation of the Improvements. Borrower has no reason to believe that any Government Approval that has not yet been obtained by Borrower, but which will be required in the future, will not be granted in due course, on or prior to the date when required and free from any condition or requirement which Borrower does not reasonably expect will be able to be satisfied in the ordinary course of business.
(6) The Project (if constructed in accordance with the Plans and Specifications and the Project Documents) will conform to and comply with all covenants, c...
Compliance with Law; Government Approvals. Each Loan Party and the Property, as applicable, and the use thereof and operations thereat, comply in all material respects with all State Cannabis Laws and other Legal Requirements that are applicable to each such Loan Party or Property, as applicable. Schedule 4.23 sets forth a true, correct and complete list of all Regulatory Licenses maintained by each Loan Party applicable to the Property and the Cannabis Business conducted at the Property.
Compliance with Law; Government Approvals. Seller has received no notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Leased Real Property that has not been corrected heretofore and no such violation exists which could have a material adverse effect.
Compliance with Law; Government Approvals. The Seller ----------------------------------------- has not received notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Leased Real Property that has not been corrected heretofore, and, to the knowledge of the Seller, no such violation now exists which could have an adverse effect on the operation or value of any of the Leased Real Property. To the knowledge of the Seller, all improvements constituting a part of the Leased Real Property are in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and to the knowledge of the Seller there are presently in effect all licenses, permits and authorizations required by law, ordinance, or regulation. To the knowledge of the Seller, there is at least the minimum access required by applicable subdivision or similar law to the Leased Real Property. The Seller has not received notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Leased Real Property.
Compliance with Law; Government Approvals. Seller has not received notice from any governmental authority of any violations of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Leased Real Property that has not been corrected heretofore, and no such violation now exists which could have an adverse effect on the operation or value of such Leased Real Property. To the best of Seller's knowledge all improvements constituting a part of the Leased Real Property are in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and there are presently in effect all licenses, permits and authorizations required by law, ordinance or regulation. The transfer of the Leased Real Property to Buyer shall include all rights to use of any off-site facilities necessary to ensure compliance with all such laws, ordinances, codes and regulations. There is at least the minimum access required by applicable subdivision or similar law to the Leased Real Property. Seller has not received notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Leased Real Property.
Compliance with Law; Government Approvals. Neither the Company nor the Shareholders have received notice from any municipal, state, federal or other governmental authority of any violation of any zoning, building, fire, water, use, health, or other law, ordinance, code, regulation, license, permit or authorization issued in respect of any of the Leased Real Property. Improvements located on or constituting a part of the Leased Real Property and the construction, installation, use and operation thereof (including, without limitation, the construction, installation, use and operation of any signs located thereon) were completed and installed and are now in compliance with all applicable municipal, state, federal or other governmental laws, ordinances, codes, regulations, licenses, permits and authorizations, including, without limitation, applicable zoning, building, fire, water, use or health laws, ordinances, codes, regulations, licenses, permits and authorizations, and there are presently in effect all certificates of occupancy, licenses, permits and authorizations required by law, ordinance, code or regulation or by any governmental or private authority having jurisdiction over any of the Leased Real Property or any portion thereof, or the occupancy thereof or any present use thereof (collectively, "Governmental Approvals"), which are necessary or otherwise material to the conduct of the Company dental business. The Leased Real Property has at least the minimum access required by applicable subdivision or similar law.
Compliance with Law; Government Approvals. Neither the Company nor any of its subsidiaries has received any written notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Leased Real Property that has not been corrected heretofore. To the Company's knowledge, except as described on Schedule 5.13(b) and except for violations that would not have a Material Adverse Effect on the Company and its subsidiaries taken as a whole, (A) no such violation now exists which could have an adverse effect on the operation or value of any of the Leased Real Property, and (B) all improvements constituting a part of the Leased Real Property are in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and there are presently in effect all licenses, permits and authorizations required by law, ordinance, or regulation. The transactions contemplated hereby will not affect the rights of the Company or any of its subsidiaries to use any off-site facilities necessary to ensure compliance with all such laws, ordinances, codes and regulations. There is at least the minimum access required by applicable subdivision or similar law to the Leased Real Property. Neither the Company nor any of its subsidiaries has received any notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Leased Real Property.
1. Violations/Condemnation. Except as set forth in Schedule 5.13(c) hereto, neither the Company nor any of its subsidiaries has received, with respect to any Owned Real Property currently owned, leased or operated by the Company or Leased Real Property currently owned, leased or operated by the Company, any written notice of default or termination or any written notice of noncompliance with respect to applicable federal, state or local laws and regulations relating to zoning, building, fire, use restriction or safety or health codes which have not been remedied in all respects which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect on the Company and its subsidiaries taken as a whole. There is no pending or, to the knowledge of the Company or any of its subsidiaries, threatened condemnation or other governmental taking of any of the Owned Real Property or Leased Real Property.
1. Notwithstanding anything to the contrary contained in this Agreem...
