Common use of Condemnation Clause in Contracts

Condemnation. As of the date of origination and to the Seller’s knowledge as of the Closing Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the use or operation of the Mortgaged Property.

Appears in 297 contracts

Samples: Mortgage Loan Purchase Agreement (Benchmark 2023-B40 Mortgage Trust), Pooling and Servicing Agreement (Benchmark 2023-V4 Mortgage Trust), Pooling and Servicing Agreement (Benchmark 2023-V3 Mortgage Trust)

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Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Closing Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the use or operation of the Mortgaged Property.

Appears in 18 contracts

Samples: Mortgage Loan Purchase Agreement (Benchmark 2023-B38 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2022-B34 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2021-B26 Mortgage Trust)

Condemnation. As of the date of origination and to the Seller’s knowledge Knowledge of Borrower as of the Closing Date, there is no proceeding pending or threatened pending, and there is no proceeding threatened, for the total or partial condemnation of such the Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 3 contracts

Samples: Loan and Security Agreement (TPG RE Finance Trust, Inc.), Loan and Security Agreement (TPG RE Finance Trust, Inc.), Loan and Security Agreement (TPG RE Finance Trust, Inc.)

Condemnation. As of the date of origination and to the Seller’s knowledge as of the Closing Cut-off Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the use or operation of the Mortgaged Property.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5), Mortgage Loan Purchase Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5)

Condemnation. As of the date of origination and to the Seller’s knowledge as of the Closing related Purchase Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the current use or operation net operating income of the Mortgaged Property.

Appears in 1 contract

Samples: Master Repurchase Agreement (Sutherland Asset Management Corp)

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Condemnation. As of the date of origination and to To the Seller’s knowledge as of the Closing date of origination and as of the Cut-Off Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the use or operation of the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Barclays Commercial Mortgage Securities LLC)

Condemnation. As of the date of origination and to the Seller’s knowledge as of the Closing Purchase Date, there is no proceeding pending or threatened for the total or partial condemnation of such Underlying Mortgaged Property that would have a material adverse effect on the value, use or operation of the Underlying Mortgaged Property.

Appears in 1 contract

Samples: Master Repurchase and Securities Contract Agreement (Starwood Credit Real Estate Income Trust)

Condemnation. As of the date of origination and to the Seller’s 's knowledge as of the Closing Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the use or operation of the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Credit Suisse Commercial Mortgage Securities Corp.)

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