Common use of Law; Judgments; Material Agreements; Approvals and Permits Clause in Contracts

Law; Judgments; Material Agreements; Approvals and Permits. Except for normal construction corrections occasioning temporary noncompliance which are corrected by Borrower with diligence and without substantial expense, Borrower will comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, any Approved Subdivisions, any Eligible Lots, or any Units or the other assets, business, or operations of Borrower. Borrower will comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, any Approved Subdivisions, any Eligible Lots or any Units, or any of the other assets of Borrower are bound or affected. Borrower will comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits. Borrower, at Borrower's expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Law; Judgments; Material Agreements; Approvals and Permits. Except for normal construction corrections occasioning temporary noncompliance which are corrected by Borrower with diligence and without substantial expense, Borrower will comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, any A&D Projects, any Approved Subdivisions, any Eligible Finished Lots, or any Units or the other assets, business, or operations of Borrower. Borrower will comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, any A&D Projects, any Approved Subdivisions, any Eligible Finished Lots or any Units, or any of the other assets of Borrower are bound or affected. Borrower will comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits. Borrower, at Borrower's expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Law; Judgments; Material Agreements; Approvals and Permits. Except for normal construction corrections occasioning temporary noncompliance which are corrected by Borrower with diligence and without substantial expense, agrees that Borrower will comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, any Approved Subdivisions, any Eligible Lots, or any Units the Collateral or the other assets, business, or operations of Borrower, in each case to the extent failure to comply with which would result in a Material Adverse Change. Borrower will also agrees to comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, any Approved Subdivisions, any Eligible Lots or any Unitsthe Collateral, or any of the other assets of Borrower are bound or affected, in each case to the extent that failure to comply with which would result in a Material Adverse Change. Borrower will also agrees to comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits, in each case to the extent that failure to comply with which would result in a Material Adverse Change. Borrower, at Borrower's its expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents, in each case, to the extent failure to obtain or maintain would result in a Material Adverse Change.