Common use of Independence of the Real Property Clause in Contracts

Independence of the Real Property. No buildings or other improvements on property not covered by this Mortgage rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 3 contracts

Samples: Security Agreement (AstroNova, Inc.), Term Loan Agreement (Acadia Realty Trust), Security Agreement and Fixture (Tempur Pedic International Inc)

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Independence of the Real Property. No buildings building or other improvements on property not covered by this Mortgage Deed of Trust rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage Deed of Trust or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 3 contracts

Samples: Security Agreement and Fixture Filing (Sunrise Senior Living Inc), Security Agreement and Fixture Filing (Sunrise Senior Living Inc), Assignment and Security Agreement (Obsidian Enterprises Inc)

Independence of the Real Property. No buildings or other improvements on property not covered by this Mortgage Deed of Trust rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage Deed of Trust or any interest therein to fulfill any requirement of any Governmental Authority. The To Grantor’s knowledge, the Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 3 contracts

Samples: Grubb & Ellis Healthcare REIT, Inc., Grubb & Ellis Healthcare REIT, Inc., Grubb & Ellis Healthcare REIT, Inc.

Independence of the Real Property. No Except as set forth in any Permitted Encumbrance, no buildings or other improvements on property not covered by this Mortgage Deed of Trust rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage Deed of Trust or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.), Grubb & Ellis Healthcare REIT II, Inc.

Independence of the Real Property. No buildings or other improvements on property not covered by this Mortgage Deed of Trust rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage Deed of Trust or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 1 contract

Samples: Security Agreement (Sonomawest Holdings Inc)

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Independence of the Real Property. No buildings or other improvements on property not covered by this Mortgage Deed of Trust rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage Deed of Trust or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.. Section 3.5

Appears in 1 contract

Samples: Construction Loan Agreement (4Front Ventures Corp.)

Independence of the Real Property. No buildings building or other improvements on property not covered by this Mortgage rely on the Real Property or any interest therein to fulfill any requirement of any Governmental Authority for the existence of such property, building or improvements; and none of the Real Property relies, or will rely, on any property not covered by this Mortgage or any interest therein to fulfill any requirement of any Governmental Authority. The Real Property has been properly subdivided from all other property in accordance with the requirements of any applicable Governmental Authorities.

Appears in 1 contract

Samples: Assignment and Security Agreement (Alternative Living Services Inc)

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