Compliance with Zoning and Other Requirements Sample Clauses

Compliance with Zoning and Other Requirements. The anticipated use of the Property complies with applicable zoning ordinances, regulations and restrictive covenants affecting the Land. All use and other requirements of any Governmental Authority having jurisdiction over the Property have been satisfied. No violation of any Law exists with respect to the Property.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Compliance with Zoning and Other Requirements. The current and anticipated use of the Mortgaged Property complies with applicable zoning ordinances, regulations, and restrictive covenants affecting the Land. All use and other requirements of any Governmental Authority having jurisdiction over the Mortgaged Property have been satisfied. No violation of any law exists with respect to the Mortgaged Property.
Sample 1Sample 2
Compliance with Zoning and Other Requirements. Except as disclosed in Schedule 3.9 attached hereto and incorporated herein by this reference, the anticipated use of the Property complies with applicable zoning ordinances, regulations and restrictive covenants affecting the Property. Except as disclosed in Schedule 3.9, all use and other requirements of any Governmental Authority having jurisdiction over the Property have been satisfied or will be satisfied prior to completion of construction of the Project. Other than in connection with the SEC Action and the Court Order, or as otherwise disclosed to Lender pursuant to Schedule 3.9, there are not to the best of Borrower’s knowledge any violations of any Law that exist with respect to the Property or the Project.
Sample 1Sample 2
Compliance with Zoning and Other Requirements. The Terminus Project complies with applicable Laws, zoning ordinances, regulations and restrictive covenants applicable thereto, except in such instances in which (a) the requirement of such Laws, zoning ordinances, regulations or restrictive covenants is being contested in good faith by appropriate proceedings or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. All use and other requirements of any Governmental Authority having jurisdiction over the Terminus Project have been, or, during the appropriate stage of construction of the Terminus Project, will be satisfied, except where the failure to satisfy the same, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
Sample 1
Compliance with Zoning and Other Requirements. To the best of its knowledge, (a) the Borrower is in compliance with the requirements of all applicable Laws; (b) the use of the Property complies with applicable zoning ordinances, regulations and restrictive covenants affecting the Land; (c) all use and other requirements of any Governmental Authority having jurisdiction over the Property have been satisfied; and (d) no violation of any Law exists with respect to the Property.
Sample 1
Compliance with Zoning and Other Requirements. The use of the Property complies with applicable zoning ordinances, regulations and restrictive covenants affecting the Land. All use and other requirements of any Governmental Authority having jurisdiction over the Property have been satisfied, and no material violation of any Law exists with respect to the Property. Other Liens. Neither Borrower nor any IDOT Guarantor has made any contract or arrangement of any kind the performance of which by the other party thereto would give rise to a lien on the Property, or any part thereof, having priority over the Deed of Trust or the rights of Lender thereunder. No Material Adverse Change. No material adverse change has occurred in the financial conditions reflected in the financial statements of Borrower, Guarantor or any IDOT Guarantor since the respective dates of such statements, and no material additional liabilities have been incurred by Borrower since the dates of such statements other than the borrowings contemplated herein or as approved in writing by Lender. Access; Roads. The Property abuts and has direct access to a legally opened public right of way. Leases. Attached hereto as Schedule 3 is a rent roll for the Property. As of the date hereof, to the best of Borrower’s knowledge, information and belief, there is no Lease affecting the Project other than as set forth in Schedule 3. To the best of Borrower’s knowledge, information and belief, the rent roll is true, correct and complete in all material respects as of the date hereof. Borrower has previously delivered to Lender true, correct and complete copies of all Leases. Federal Reserve Regulations. No part of the proceeds of the Loan hereunder will be used to purchase or carry any “margin stock” as defined in Regulation U of the Board of Governors of the Federal Reserve System of the United States or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin security or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of said Regulation U. No part of the proceeds of the Loan hereunder will be used for any purpose that violates, or which is inconsistent with, the provisions of Regulation X of the Board of Governors of the Federal Reserve System or any other regulation of said Board of Governors.
Sample 1
Compliance with Zoning and Other Requirements. Borrower’s Trade and Business. To the best of Borrower’s knowledge, (i) the anticipated use of the Property complies with applicable zoning ordinances, regulations and restrictive covenants affecting the Land; (ii) all use and other requirements of any Governmental Authority having jurisdiction over the Property have been satisfied; and (iii) no material violation of any Law exists with respect to the Property. Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, Lender expressly acknowledges and agrees that Borrower’s trade and business involves the production and distribution of cannabis and cannabis-related products and that Borrower shall not be in breach or default of any representation, warranty, covenant, requirement or restriction set forth herein or in any of the other Loan Documents as a result of engaging in said trade and business and operating the Property in furtherance of said trade and business. Section 3.10
Sample 1
AutoNDA by SimpleDocs

Related to Compliance with Zoning and Other Requirements

  • Compliance with Laws and Other Requirements (A) Tenant shall cause the Premises to comply in all material respects with all laws, ordinances, regulations and directives of any governmental authority having jurisdiction including, without limitation, any certificate of occupancy and any law, ordinance, regulation, covenant, condition or restriction affecting the Building or the Premises which in the future may become applicable to the Premises (collectively "Applicable Laws").

  • Compliance with Other Laws and Regulations This Agreement, the grant of Restricted Shares and issuance of Common Stock shall be subject to all applicable federal and state laws, rules, regulations and applicable rules and regulations of any exchanges on which such securities are traded or listed, and Company rules or policies. Any determination in which connection by the Committee shall be final, binding and conclusive on the parties hereto and on any third parties, including any individual or entity.

  • Pollution and Other Regulations Each of the Credit Parties:

  • Compliance with the Law and Other Instruments To the best of the Company’s knowledge, the business operations of the Company have been and are being conducted in accordance with all applicable laws, rules, and regulations of all authorities. The Company is not in violation of, or in default under, any term or provision of the Articles or Bylaws, or of any lien, mortgage, lease, agreement, instrument, order, judgment, or decree, or subject to any restriction, contained in any of the foregoing, of any kind or character which materially adversely affects in any way the business, properties, assets, or prospects of the Company, or which would prohibit the Company from entering into this Agreement or prevent consummation of the issuance of securities contemplated by this Agreement.

  • Compliance with Other Laws Secured Party may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral.

  • Compliance with Laws and Other Instruments The execution, delivery and performance by Parent and/or Acquisition Corp. of the Merger Documents and the other agreements to be made by Parent or Acquisition Corp. pursuant to or in connection with the Merger Documents and the consummation by Parent and/or Acquisition Corp. of the transactions contemplated by the Merger Documents will not cause Parent and/or Acquisition Corp. to violate or contravene (a) any provision of law, (b) any rule or regulation of any agency or government, (c) any order, judgment or decree of any court or (d) any provision of their respective charters or By-laws as amended and in effect on and as of the Closing Date and will not violate or be in conflict with, result in a breach of or constitute (with or without notice or lapse of time, or both) a default under any material indenture, loan or credit agreement, deed of trust, mortgage, security agreement or other agreement or contract to which Parent or Acquisition Corp. is a party or by which Parent and/or Acquisition Corp. or any of their respective properties is bound.

  • 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 Certain Laws and Regulations If any Unregistered Securities or Coupon Securities are to be issued in any Series of Securities, the Company will use reasonable efforts to provide for arrangements and procedures designed pursuant to then applicable laws and regulations, if any, to ensure that Unregistered Securities or Coupon Securities are sold or resold, exchanged, transferred and paid only in compliance with such laws and regulations and without adverse consequences to the Company.

  • Compliance with Law and Other Agreements The Company shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which the Company is a party or by which the Company or any of its properties is bound. Without limiting the foregoing, the Company shall pay all of its indebtedness promptly in accordance with the terms thereof.

  • Imposition of Other Requirements The Company reserves the right to impose other requirements on the Participant’s participation in the Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

Time is Money Join Law Insider Premium to draft better contracts faster.