Common use of Land Use Litigation Clause in Contracts

Land Use Litigation. There are no pending or, to the knowledge of any Obligor, threatened proceedings or actions to revoke, attack, challenge the validity of, rescind or modify the zoning of the Land, the subdivision of the Land or any building, construction or other permits heretofore issued with respect thereto, or asserting such zoning, subdivision or permits do not permit the use and operation of the Real Property. During the term of the Loan, Obligors shall promptly furnish Lender written notice of any litigation affecting or relating to any Obligor or the Real Property.

Appears in 2 contracts

Samples: Loan Agreement (GLADSTONE LAND Corp), Loan Agreement (GLADSTONE LAND Corp)

AutoNDA by SimpleDocs

Land Use Litigation. There are no pending or, to the knowledge of any ObligorBorrower, threatened proceedings or actions to revoke, attack, challenge the validity of, rescind or modify the zoning of the Land, the subdivision of the Land or any building, construction building or other permits heretofore issued with respect thereto, or asserting that such zoning, subdivision or permits do not permit the use and operation of the Real Property. During the term of the Loan, Obligors shall promptly furnish Lender written notice of any litigation affecting or relating to any Obligor or the Real Propertyeach Facility.

Appears in 1 contract

Samples: Loan Agreement (Green Plains Inc.)

AutoNDA by SimpleDocs

Land Use Litigation. There are no pending or, to the knowledge of any Obligorthe Issuer, threatened proceedings or actions to revoke, attack, challenge the validity of, rescind or modify in any respect the zoning of the Landany Property, the subdivision of the any Land or any buildingImprovements (in each case, construction as defined in the Security Instrument) or other any permits heretofore issued prior to the Effective Date with respect thereto, or asserting that any such zoning, subdivision or permits do not permit the use and operation of the Real Property. During the term of the Loan, Obligors shall promptly furnish Lender written notice of any litigation affecting or relating to any Obligor or the Real PropertyProperty for its current use.

Appears in 1 contract

Samples: Note Purchase Agreement (Green Plains Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.