Compliance with Laws; Restrictions. Two Harbors Property and its Subsidiaries have conducted their respective businesses and maintained each Property in compliance with all applicable Laws and any covenants, conditions and restrictions or other obligations in respect of any homeowners’ association binding on any of the Properties, except for such failures that would not, individually or in the aggregate, reasonably be expected to have a Two Harbors Material Adverse Effect. Neither Two Harbors Property nor its Subsidiaries nor, to Two Harbors’ Knowledge, any third party has been informed in writing of any continuing violation of any such Laws or that any investigation has been commenced and is continuing or is contemplated respecting any such possible violation or violations of any of such covenants, conditions and restrictions or other obligations in respect of any homeowners’ association, except in each case for violations that would not, individually or in the aggregate, reasonably be expected to have a Two Harbors Material Adverse Effect.
Appears in 4 contracts
Samples: Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Two Harbors Investment Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.)
Compliance with Laws; Restrictions. Two Harbors Property To Provident’s knowledge, each Provident Entity and its Subsidiaries have conducted their respective businesses and maintained each Property in compliance with all applicable Laws and any covenants, conditions and restrictions or other obligations in respect of any homeowners’ association binding on any of the Properties, except for such failures that would not, individually or in the aggregate, reasonably be expected to have a Two Harbors Material Adverse Effect. Neither Two Harbors Property nor To Provident’s Knowledge, none of the Provident Entities or its Subsidiaries nor, to Two Harbors’ Knowledge, nor any third party has been informed in writing of any continuing violation of any such Laws or that any investigation has been commenced and is continuing or is contemplated respecting any such possible violation or violations of any of such covenants, conditions and restrictions or other obligations in respect of any homeowners’ association, except in each case for violations that would not, individually or in the aggregate, reasonably be expected to have a Two Harbors Material Adverse Effect.
Appears in 2 contracts
Samples: Representation, Warranty and Indemnity Agreement (Silver Bay Realty Trust Corp.), Representation, Warranty and Indemnity Agreement (Silver Bay Realty Trust Corp.)
