Common use of Compliance with Zoning and Other Requirements Clause in Contracts

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.

Appears in 2 contracts

Samples: Construction Loan Agreement (American Retirement Corp), Construction Loan Agreement (American Retirement Corp)

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Compliance with Zoning and Other Requirements. The anticipated use of the Property complies and proposed Improvements comply 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 or will, prior to completion of the Improvements, be satisfied. No material violation of any Law exists will, upon completion of the Improvements, exist with respect to the Property.

Appears in 1 contract

Samples: Junior Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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 To the best of Borrower’s information and belief, no violation of any Law exists with respect to the Property.Property to the extent such violation could reasonably be expected to have a Material Adverse Effect..

Appears in 1 contract

Samples: Loan Agreement (Cost Plus Inc/Ca/)

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 , and no material violation of any Law exists with respect to the Property.

Appears in 1 contract

Samples: Loan Agreement (Asset Capital Corporation, Inc.)

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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 satisfiedsatisfied or will be satisfied prior to Completion of Construction. No material violation of any Law exists with respect to the Property.

Appears in 1 contract

Samples: Construction Loan Agreement (Campus Crest Communities, Inc.)

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