Common use of Comply with Governmental Regulations Clause in Contracts

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations.

Appears in 6 contracts

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc), Agreement of Sale and Purchase (KBS Real Estate Investment Trust II, Inc.), Agreement of Sale and Purchase (KBS Real Estate Investment Trust II, Inc.)

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Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Maguire Properties Inc), Agreement of Sale and Purchase (Maguire Properties Inc)

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take or fail to take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations.

Appears in 1 contract

Samples: Lease Guaranty Agreement (Hines Real Estate Investment Trust Inc)

Comply with Governmental Regulations. From the Effective Date until the earlier of the termination of this Agreement or Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Closing Seller will have the right to contest any such Governmental Regulations., and Seller shall not knowingly take any action that would result in a failure to so comply;

Appears in 1 contract

Samples: Sale and Purchase (Imclone Systems Inc/De)

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that a Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the its Property, it being understood and agreed that prior to Closing, each Seller will have the right to contest any such Governmental Regulations.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)

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Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all any material respects with all Governmental Regulations applicable to the Property, it being understood and agreed agreed, however, that prior to Closing, (i) Seller will have the right to contest any such Governmental Regulations, and (ii) Seller shall have no obligation to make any improvements or complete any modifications to the Real Property or Improvements to effect compliance with any Governmental Regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Safeco Corp)

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply with in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations, provided that any such contest is conducted in accordance with Governmental Regulations and Seller has posted any security or bond required in connection therewith.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Cb Richard Ellis Realty Trust)

Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed agreed, however, that prior to Closing, (i) Seller will have the right to contest any such Governmental Regulations, and (ii) Seller shall have no obligation to make any improvements or complete any modifications to the Real Property or Improvements or expend any funds with respect to such improvements or modifications or to effect compliance with any Governmental Regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Safeco Corp)

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