Common use of Lapse of Permits or Approvals Clause in Contracts

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to any construction activities at the construction, Property or the operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effecteffect and the same is not cured within five (5) days of such lapse or cessation.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower Borrower, any Permitted Subsidiary, or any other Person is required to obtain with respect to any construction activities at the construction, Property or the operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect.; provided that Borrower shall have the opportunity to elect to remove the damaged Improvements from the Borrowing Base pursuant to the requirements and conditions of Section 4.2..

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to any construction activities at the construction, Property or the operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effecteffect and not reinstated within ten (10) business days.

Lapse of Permits or Approvals. Any At any time during the term of the Loan, any permit, license, certificate or approval that the Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect, and the Borrower fails to cause such permit, license, certificate or approval to be reinstated or reissued within forty-five (45) after the same shall have lapsed or ceased to be in effect.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effecteffect and such lapse or ceasing to be in full force and effect continues for more than ten (10) days.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that Borrower is required to obtain with respect to any construction activities at the construction, Property or the operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effecteffect and continues for thirty (30) days.

Lapse of Permits or Approvals. Any permit, license, certificate or approval that any Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect.. 37867101.2 01/05/2021 - 23 -

Lapse of Permits or Approvals. Any permit, license, certificate or approval that any Borrower is required to obtain with respect to the construction, operation, development, leasing or maintenance of the Improvements or the Property lapses or ceases to be in full force and effect.. 37867101.2 01/05/2021