Common use of Compliance with Laws, Contracts, Licenses, and Permits Clause in Contracts

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note is outstanding or the Banks have any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower and the Trust will comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conductedconducted that are material in any respect to the operation of their respective businesses in the ordinary course and consistent with past practices, including including, without limitation, all such Environmental LawsLaws and all such applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trustcorporate charter and other Organizational Documents, as the case may be, and other charter documents and bylawsapplicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note or other Obligations is outstanding or the Banks Lenders have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and the Trust and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or the Trust, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesproperties (with respect to subsections (i), (iii) and (v) above, such compliance shall be in all material respects, subject to the provisions of Section 12.1(f)). If at any time while any Loan or Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans hereunder or the Agent has any obligation to issue any Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to (and BPI will), comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesunless such non-compliance constitutes a Non-Material Breach. If at any time while any Loan or Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower and the Guarantors will comply with, and will cause each of its Subsidiaries to comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, limited liability company or operating agreement, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note is outstanding or the Banks have any obligation to make Loans hereunderLoans, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower or the Guarantors may fulfill any of its their respective obligations hereunderhereunder or under the other Loan Documents, the Borrower will immediately take or cause to be taken all steps necessary to obtain or cause such Guarantor to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Each Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note is outstanding or the Banks have any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower Borrowers may fulfill any of its their obligations hereunder, the Borrower Borrowers will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to (and BPI will), comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations Laws now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesunless such non-compliance constitutes a Non-Material Breach. If at any time while any Loan or Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with with, (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and code of regulations or bylaws, as applicable, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note is the Notes are outstanding or the Banks Lenders have any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Each Borrower will, and will cause each Guarantor to, comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement and certificate or declaration of trustcorporate charter and other organizational documents, as the case may be, and other charter documents and bylawsapplicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan or Note is outstanding or the Banks Lenders have any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the any Borrower or any Guarantor may fulfill any of its obligations hereunderhereunder or under any other Loan Document to which it is a party, the Borrower Borrowers and the Guarantors will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrowers or the Guarantors, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Administrative Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to, comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesunless such non-compliance constitutes a Non-Material Breach. If at any time while any Loan or Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower Borrowers and the Guarantors will comply withcomply, and will cause each of its their respective Subsidiaries to comply comply, with (i) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, and (ii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound. The Borrowers and the Guarantors will comply, and will cause each of their respective Subsidiaries to comply, in all material respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (viii) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any Loan Loan, Note or Note Letter of Credit is outstanding or the Banks have any obligation to make Loans hereunder or the Issuing Bank has any obligations to issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the any Borrower or any Guarantor may fulfill any of its obligations hereunder, the such Borrower or such Guarantor will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply withwill, and will cause the Guarantors and each of its their respective Subsidiaries to to, comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement, operating agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties assets may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesassets except to the extent in each case that non-compliance with the foregoing could not reasonably be expected to have a Material Adverse Effect. If at any time while any Loan or Note is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government governmental authority shall become necessary or required in order that the Borrower or any Guarantor may fulfill any of its their respective obligations hereunderunder the Loan Documents, the Borrower or such Guarantor will immediately promptly take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply with, and will cause each of its the other Loan Parties and their respective Subsidiaries to comply comply, in all respects with (i) all applicable laws laws, ordinances, regulations and regulations requirements now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylawsOrganizational Documents, (iii) all mortgages, indentures, contracts, agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties, except in each case where the failure to so comply would not reasonably be expected to have a Material Adverse Effect. If at any time while any Loan Loan, Note or Note Letter of Credit is outstanding or the Banks Lenders have any obligation to make Loans hereunder, or LC Issuer has any obligation to issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower or any other Loan Party may fulfill any of its their obligations hereunderhereunder or under the other Loan Documents, the Borrower will immediately promptly take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent Agent, LC Issuers and the Banks Lenders with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with (ia) all applicable material laws and regulations now or hereafter in effect wherever its business is conducted, including all applicable Environmental LawsLaws in all material respects, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, charter and other charter documents and bylawsby-laws, (iiic) all material agreements and material instruments to which it is a party or by which it or any of its properties may be bound, bound and (ivd) all applicable decrees, orders, and judgmentsjudgments except for violations which, in the aggregate, do not have a material adverse effect on the business, operations, properties, assets, or financial condition of the Borrower and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesSubsidiaries. If at any time while any Loan or Note Liability is outstanding or the Banks have any obligation to make Loans hereunderOutstanding, any material authorization, consent, approval, permit or license from any officer, agency or instrumentality instru mentality of any government shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower will immediately promptly take or cause to be taken all reasonable steps necessary within the power of the Borrower to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks Lender with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to, comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, unless such non-compliance does not relate to BPLP or BPI and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesconstitutes a Non-Material Breach. If at any time while any Loan or Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Each Borrower will comply with, and will cause each of its Subsidiaries to comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) by-laws and all agreements and instruments to which it is a party or by which it or any of its properties may be bound, ; and (ivii) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for (including Environmental Laws), decrees, orders and judgments ("APPLICABLE LAWS") except where noncompliance with such Applicable Laws would not have a material adverse effect in the conduct aggregate on the financial condition, properties or business of its business any Borrower or the ownership, use or operation of its propertiesany Subsidiary. If at any time while any Loan or Note is of the Obligations are outstanding or the Banks have Agent or any Lender has any obligation to make Loans or to issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the any Borrower may fulfill any of its obligations hereunder, the such Borrower will immediately take or cause to be taken all reasonable steps necessary within the power of such Borrower to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks each Lender with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Each of the Borrower will comply withand the Parent will, and will cause each of its Subsidiaries to to, comply in all respects with (i) all the applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, and other charter documents and bylawsby-laws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound and (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for except where non-compliance could not have a materially adverse effect on the conduct business, assets or financial condition of its business any of the Borrower or the ownershipParent individually, use or operation of the Parent and its propertiesSubsidiaries taken as a whole. If at any time while any Loan or Note is outstanding or the Banks have any Bank has any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower or the Parent may fulfill any of its obligations hereunder, the Borrower or, as the case may be, the Parent will immediately take or cause to be taken all reasonable steps necessary within the power of such Person to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Banks with evidence thereof. 7.11.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower and the Trust will comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conductedconducted that are material in any respect to the operation of their respective businesses in the ordinary course and consistent with past practices, including including, without limitation, all such Environmental LawsLaws and all such applicable federal and state securities laws, (iib) the provisions of its corporate charterpartnership agreement, partnership trust agreement, operating agreement or declaration of trustcorporate charter and other Organizational Documents, as the case may be, and other charter documents and bylawsapplicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Project and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties. If at any time while any the Term Loan or Note or other Obligations is outstanding or the Banks have any obligation to make Loans hereunderoutstanding, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and the Trust and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or the Trust, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof. Without limitation of the foregoing, the Borrower will continue to comply with all laws, rules and regulations relating to anti-terrorism or money laundering, including the Anti-Terrorism Order, the Patriot Act, the Trading with the Enemy Act, as amended, and the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and the enabling legislation or executive orders relating thereto.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower and the Trust will comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conductedconducted that are material in any respect to the operation of their respective businesses in the ordinary course and consistent with past practices, including including, without limitation, all such Environmental LawsLaws and all such applicable federal and state securities laws, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect, (iib) the provisions of its corporate charter, partnership agreement or declaration of trustcorporate charter and other Organizational Documents, as the case may be, and other charter documents and bylawsapplicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be boundbound (including the Real Estate Assets and the Leases), except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect, and (ivd) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for except where the conduct of its business or the ownership, use or operation of its propertiesfailure to so comply could not reasonably be expected to have a Material Adverse Effect. If at any time while any Loan or Note or other Obligations is outstanding or the Banks Lenders have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and the Trust and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or the Trust, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to, comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, unless such non-compliance does not relate to BPLP or BPI and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesconstitutes a Non-Material Breach. If at any time while any Loan or Revolving Credit Note or Letter of Credit is outstanding or the Banks have any obligation to make Loans or issue Letters of Credit hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.

Compliance with Laws, Contracts, Licenses, and Permits. The Borrower will, and will cause BPI to (and BPI will), comply with, and will cause each of its their respective Subsidiaries to comply in all respects with (ia) all applicable laws and regulations Laws now or hereafter in effect wherever its business is conducted, including including, without limitation, all Environmental LawsLaws and all applicable federal and state securities laws, (iib) the provisions of its corporate charter, partnership agreement or declaration of trust, as the case may be, corporate charter and other charter documents and bylawsby-laws, as applicable, (iiic) all material agreements and instruments to which it is a party or by which it or any of its properties may be bound, bound (ivincluding the Real Estate Assets and the Leases) and (d) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its propertiesunless such non-compliance constitutes a Non-Material Breach. If at any time while any Loan or Note is outstanding or the Banks have any obligation to make Loans hereunder, any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government Permit shall become necessary or required in order that the Borrower may fulfill any of its obligations hereunder, the Borrower and BPI and their respective Subsidiaries will immediately take or cause to be taken all reasonable steps necessary within the power of the Borrower or BPI, as applicable, to obtain such authorization, consent, approval, permit or license Permit and furnish the Agent and the Banks with evidence thereof.