COMPLIANCE WITH REQUIREMENTS, ETC Sample Clauses

COMPLIANCE WITH REQUIREMENTS, ETC. Subject to the provisions of Sections 6 and 9 hereof, Lessee, at its expense, will promptly and diligently (a) comply with all Legal Requirements and Insurance Requirements and (b) comply with any instruments of record at the time in force affecting the Property or any part thereof, other than in each case those: (i) whose application or validity is being contested in good faith by appropriate proceeding in accordance with the provisions of Section 9 hereof. (ii) compliance with which shall have been excused or exempted by a nonconforming use permit, waiver, extension or forbearance exempting the Property therefrom, or (iii) the failure with which to comply would not result in any material adverse consequences to Lessor or have a material adverse effect upon Lessee's ability to perform its obligations under this Lease. For purposes of this subsection, a material adverse consequence shall include, without limitation, any material risk of (w) the sale, forfeiture or loss of the Property or any material portion thereof, (x) a lien being created against the Property in violation of the provisions of Section 8 hereof, (y) material interference with the operation, use or disposition of the Property, or any material portion thereof, or with the payment of Basic Rent or Additional Rent under this Lease, or (z) any liability (including any criminal liability) on the part of, or any adverse effect on, the Lessor, its agents, employees, officers or constituent joint venturers, or any of their agents, employees, officers or directors other than civil liability related to tax obligations which are assumed by Lessee hereunder.
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COMPLIANCE WITH REQUIREMENTS, ETC. 9 7.2 RECORDING......................................................... 9
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COMPLIANCE WITH REQUIREMENTS, ETC. Mortgagor is in full compliance with all Requirements and Restrictions. Neither the Mortgaged Property nor any part thereof was acquired with the proceeds from any transaction or activity that would cause the Mortgaged Property or any such part to be subject to forfeiture under any Requirement or Restriction. Furthermore, Mortgagor has not been responsible for, and has no knowledge of, any action or omission by any person or entity that would cause the Mortgaged Property or any such part to be subject to forfeiture.
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COMPLIANCE WITH REQUIREMENTS, ETC. Subject to Section 12 relating to contests, Tenant at its expense (except as provided below) will promptly and diligently (a) comply with all Legal Requirements and Insurance Requirements, (b) procure, maintain and comply with all permits, licenses, franchises and other authorizations required for any use of the Property or any part thereof then being made, and (c) comply with any Permitted Exceptions of record and at the time in force affecting the Property or any part thereof and pay all amounts charged with respect to the Property or any part thereof under any such Permitted Exceptions. In the event any capital improvements are required to be made to the Property as a result of the application of any Legal Requirements and the useful life of the capital improvements exceeds the remainder of the Lease Term, Tenant will give Lessor prompt written notice thereof. If the Property cannot continue as a non- conforming use without such capital improvements, provided no Event of Default has occurred and is continuing and provided, further, that such capital improvements are not required due to the unique use of the Property by Tenant as opposed to general office use, Lessor will pay to Tenant on the expiration or earlier termination of the Lease Term that portion of the reasonable cost of the required capital improvements approved by Lessor not amortized on a straight line basis over the remainder of the Lease Term.
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COMPLIANCE WITH REQUIREMENTS, ETC. Subject to Section 11 relating to contests, each of Lessor and Lessee, at its own expense, will, to the extent applicable to their respective use of and activities in, and obligations hereunder with respect to, the Leased Premises, promptly and diligently (a) comply with all Legal Requirements and Insurance Requirements, and (b) procure, maintain and comply with all permits, licenses, franchises and other authorizations required for any use of the Leased Premises or any part thereof then being made, and for the proper erection, installation, operation and maintenance of the Improvements.
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Related to COMPLIANCE WITH REQUIREMENTS, ETC

  • Compliance with Requirements Any investment program furnished, and any activities performed, by the Manager or by a Sub-Adviser under this Section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the Act and any rules or regulations in force thereunder; (2) any other applicable laws, rules and regulations; (3) the Declaration of Trust and By-Laws of the Fund as amended from time to time; (4) any policies and determinations of the Board of Trustees of the Fund; and (5) the fundamental policies of the Fund, as reflected in its Registration Statement under the Act or as amended by the shareholders of the Fund.

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Compliance with TIA Every amendment, waiver or supplement of this Indenture or the Securities shall comply with the TIA as then in effect.

  • Compliance with Timing Requirements of Regulations In the event the Partnership is "liquidated" within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to this Article 13 to the General Partner and Limited Partners who have positive Capital Accounts in compliance with Regulations Section 1.704-1(b)(2)(ii)(b)(2). If any Partner has a deficit balance in his or her Capital Account (after giving effect to all contributions, distributions and allocations for the taxable years, including the year during which such liquidation occurs), such Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever, except to the extent otherwise agreed to by such Partner and the General Partner. In the discretion of the Liquidator or the General Partner, a pro rata portion of the distributions that would otherwise be made to the General Partner and Limited Partners pursuant to this Article 13 may be: A. distributed to a trust established for the benefit of the General Partner and Limited Partners for the purposes of liquidating Partnership assets, collecting amounts owed to the Partnership, and paying any contingent or unforeseen liabilities or obligations of the Partnership or of the General Partner arising out of or in connection with the Partnership. The assets of any such trust shall be distributed to the General Partner and Limited Partners from time to time, in the reasonable discretion of the Liquidator or the General Partner, in the same proportions and the amount distributed to such trust by the Partnership would otherwise have been distributed to the General Partner and Limited Partners pursuant to this Agreement; or B. withheld to establish any reserves deemed necessary or appropriate for any contingent or unforeseen liabilities or obligations of the Partnership; and to reflect the unrealized portion of any installment obligations owed to the Partnership; provided that, such withheld amounts shall be distributed to the General Partner and Limited Partners as soon as practicable.

  • Compliance with ERISA Requirements For purposes of ensuring compliance with the requirements of the "underwriter's exemption" (U.S. Department of Labor Prohibited Transaction Exemption 2000-58, 65 Fed. Reg. 67765 (Nov. 13, 2000)), issued under ERISA, and for the avoidance of any doubt as to the applicability of other provisions of this Agreement, to the fullest extent permitted by applicable law and except as contemplated by this Agreement, (1) the Trust shall not be a party to any merger, consolidation or reorganization, or liquidate or sell its assets and (2) so long as any Certificates are outstanding, none of the Company, the Trustee or the Delaware Trustee shall institute against the Trust, or join in any institution against the Trust of, any bankruptcy or insolvency proceedings under any federal or state bankruptcy, insolvency or similar law.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with Record Keeping Requirements Participating Dealer agrees to comply with the record keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Participating Dealer further agrees to keep such records with respect to each customer who purchases Primary Shares, his suitability and the amount of Primary Shares sold, and to retain such records for such period of time as may be required by the Commission, any state securities commission, FINRA or the Company.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance With Insurance Requirements Borrower will comply with all Insurance requirements and will not permit any condition to exist on the Mortgaged Property that would invalidate any part of any Insurance coverage required under this Loan Agreement.

  • Compliance with Regulations The contractor (hereinafter includes consultants) will comply with the Acts and the Regulations relative to Non-discrimination in Federally-assisted programs of the U.S. Department of Transportation, Federal Highway Administration, as they may be amended from time to time, which are herein incorporated by reference and made a part of this contract.

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