Common use of Compliance with Laws and Matters of Record Clause in Contracts

Compliance with Laws and Matters of Record. Satisfactory documentary evidence that the Land with Improvements, and the intended uses of the Land, are in compliance with all applicable laws, regulations and ordinances and private covenants, easements, and conditions of record. Such evidence is subject to approval by Bank and Bank's counsel and may include letters, licenses, permits, certificates and other correspondence from the appropriate Governmental Authorities, opinions of Borrower's counsel or other counsel, and opinions or certifications from the Architect, or the Engineer. The laws, regulations and ordinances with which compliance should be evidenced include without limitation the following: health and environmental protection laws, laws related to or regulating water management districts, hazardous materials and substances and storm water drainage, erosion control ordinances, tree and landscaping ordinances, building codes, land use requirements, threshold building consultant requirements, the development of regional impact Statutes, doing business and/or licensing laws and zoning laws (the evidence submitted as to zoning should include the zoning designation made for the Land, the permitted uses of the Land under such zoning designation and zoning requirements as to parking, lot size, ingress, egress and building setbacks).

Appears in 3 contracts

Samples: Loan Agreement (CNL Health Care Properties Inc), Credit Agreement (CNL Health Care Properties Inc), CNL Hospitality Properties Inc

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Compliance with Laws and Matters of Record. Satisfactory documentary evidence that the Land with ImprovementsLand, and the intended uses of the Land, Land are in compliance with all applicable laws, regulations and ordinances and private covenants, easements, and conditions of record. Such evidence is subject to approval by Bank and Bank's counsel and may include letters, licenses, permits, certificates and other correspondence from the appropriate Governmental Authorities, opinions of Borrower's counsel or other counsel, and opinions or certifications from the Architect, or Engineer and the EngineerGeneral Contractor. The laws, regulations and ordinances with which compliance should be evidenced include without limitation the following: health and environmental protection laws, laws related to or regulating water management districts, hazardous materials and substances and storm water stormwater drainage, erosion control ordinances, tree and landscaping ordinances, building codes, land use requirements, threshold building consultant requirements, the development Development of regional impact Regional Impact Statutes, doing business and/or licensing laws and zoning laws (the evidence submitted as to zoning should include the zoning designation made for the Land, the permitted uses of the Land under such zoning designation and zoning requirements as to parking, lot size, ingress, egress and building setbacks).

Appears in 1 contract

Samples: Guaranty Agreement (Transeastern Properties Inc)

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