Common use of Governmental Requirements Clause in Contracts

Governmental Requirements. No violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property and neither Borrower nor the Guarantor is, nor will either be, in default with respect to any Governmental Requirements.

Appears in 5 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement

AutoNDA by SimpleDocs

Governmental Requirements. No violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property and neither the Borrower nor the Guarantor is, nor will either be, in default with respect to any Governmental Requirements.

Appears in 5 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)

Governmental Requirements. No To Borrower’s knowledge, no material violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property and neither the Borrower nor the any Guarantor isare, nor will either they be, in default with respect to any Governmental Requirements.

Appears in 2 contracts

Samples: Loan Agreement (Carter Validus Mission Critical REIT, Inc.), Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Governmental Requirements. No To best of Borrower’s knowledge, no material violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property and neither Borrower nor the Guarantor isis not, nor and will either not be, in default with respect to any Governmental Requirements.

Appears in 2 contracts

Samples: Construction Loan Agreement (Global Geophysical Services Inc), Construction Loan Agreement (Global Geophysical Services Inc)

Governmental Requirements. No material violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property Property, and neither the Borrower nor the nor, to Borrower's knowledge, any Guarantor isor any Constituent Party, are, nor will either they be, in default with respect to any Governmental Requirements. The Improvements, when constructed in accordance with the Plans, will comply with all applicable Governmental Requirements and Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Healthcare Plus Reit, Inc.)

AutoNDA by SimpleDocs

Governmental Requirements. No violation of any Governmental Requirements exists or will exist with respect to the Mortgaged Property and neither the Borrower nor the Guarantor isis not, nor and will either not be, in default with respect to any Governmental Requirements.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Governmental Requirements. No violation of any Governmental -------------------------- Requirements exists or will exist with respect to the Mortgaged Property Project and neither the Borrower nor the any Guarantor isare, nor will either they be, in default with respect to any Governmental Requirements.

Appears in 1 contract

Samples: Construction Loan Agreement (Rampart Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!