Common use of Compliance with Renovation Standards Clause in Contracts

Compliance with Renovation Standards. If the Property is a Vacant Property, it was previously subject to an Eligible Lease. If the Property is then subject to an Eligible Lease, or if the Property is a Vacant Property previously subject to an Eligible Lease, at the commencement of such Eligible Lease, such Property satisfied the Renovation Standards and all renovations thereto were conducted in accordance with applicable Legal Requirements, in all material respects.

Appears in 7 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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Compliance with Renovation Standards. If the Property is a Vacant Property, it was previously subject to an Eligible Lease. If Except for the Designated Renovation Properties, if the Property is then subject to an Eligible Lease, or if the Property is a Vacant Property previously subject to an Eligible Lease, at the commencement of such Eligible Lease, such Property satisfied the Renovation Standards and all renovations thereto were conducted in accordance with applicable Legal Requirements, in all material respects.

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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Compliance with Renovation Standards. If the Each Vacant Property is a Vacant Property, it was previously subject to an Eligible Lease. If the With respect to each Property is then subject to an Eligible Lease, or if the Property is a Lease and each Vacant Property previously subject to an Eligible Lease, at the commencement of such Eligible Lease, such Property satisfied the Renovation Standards and all renovations thereto were conducted in accordance with applicable Legal Requirements, in all material respects.

Appears in 5 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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