Common use of Compliance With Laws And Restrictions Clause in Contracts

Compliance With Laws And Restrictions. All construction shall be performed in accordance with all applicable statutes, ordinances, codes, regulations and restrictions sufficient to obtain a final use and occupancy permit or its equivalent. The Project shall be constructed entirely on the Property and will not encroach upon or overhang any easement, right of way, or any other land, and shall be constructed wholly within applicable building setback restrictions. All contractors, subcontractors, mechanics or laborers and other persons providing labor or material in construction of the Project shall have or be covered by worker’s compensation insurance, if required by applicable law.

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Worldwide Stages, Inc.), Construction Loan and Security Agreement (Worldwide Stages, Inc.)

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Compliance With Laws And Restrictions. All construction shall be performed strictly in accordance with all applicable statutes, ordinances, codes, regulations and restrictions sufficient to obtain a final use and occupancy permit or its equivalentrestrictions. The Project shall be constructed entirely on the Mortgaged Property and will not encroach upon or overhang any easement, right of way, or any other land, and shall be constructed wholly within applicable building setback restrictions. All contractors, subcontractors, mechanics or laborers and other persons providing labor or material in construction of the Project shall have or be covered by worker’s 's compensation insurance, if required by applicable law.

Appears in 1 contract

Samples: Loan Agreement (HMG Courtland Properties Inc)

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Compliance With Laws And Restrictions. All construction shall be performed in accordance with all applicable statutes, ordinances, codes, regulations and restrictions sufficient to obtain a final use and occupancy permit or its equivalentin all material respects. The Project shall be constructed entirely on the Property and will not encroach upon or overhang any easement, right of way, or any other land, and shall be constructed wholly within applicable building setback restrictions. All contractors, subcontractors, mechanics or laborers and other persons providing labor or material in construction of the Project shall have or be covered by worker’s 's compensation insurance, if required by applicable law.

Appears in 1 contract

Samples: Construction Loan Agreement (Arvida JMB Partners L P)

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