Current Licenses. Seller presently has, and on the Closing date, will have all current licenses (including final certificates of occupancy) to operate the Property as a shopping center required by all governmental authorities asserting jurisdiction over the Property. Such licenses are and, on the Closing date, shall be in good standing, free from violations and freely transferable to Purchaser to the extent permitted by law.
Appears in 4 contracts
Samples: Disturbance and Attornment Agreement, Shopping Center Purchase Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Shopping Center Purchase Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
Current Licenses. Seller To Sellers’ knowledge, Sellers presently hashave, and on the Closing dateDate, will have all current licenses (including final certificates of occupancy) to operate the Property Properties as a shopping center centers required by all governmental authorities asserting jurisdiction over the Property. Such licenses are and, on the Closing date, shall be in good standing, free from violations and freely transferable to Purchaser to the extent permitted by lawProperties.
Appears in 1 contract
Samples: Shopping Centers Purchase Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
Current Licenses. To the best of Seller’s knowledge (i) Seller presently has, and on the Closing date, will have all current licenses (including final certificates of occupancy) to operate the Property as a shopping center required by all governmental authorities asserting jurisdiction over the Property. Such , and (ii) such licenses are and, on the Closing date, shall will be in good standing, free from violations and freely transferable to Purchaser to the extent permitted by law.
Appears in 1 contract
Samples: Shopping Center Purchase Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
