Common use of Legal and Insurance Requirements Clause in Contracts

Legal and Insurance Requirements. The Mortgagor represents and warrants that as of the date hereof, (i) to the best of the Mortgagor's knowledge, (x) the Property and the use and operation thereof comply with all Insurance Requirements and all material Legal Requirements, and (y) there is no default under any Legal Requirement or Insurance Requirement which would have a material adverse effect on the use or operation of the Property, and (ii) the execution, delivery and performance of this Mortgage will not contravene any provision of or constitute a default under any Legal Requirement or Insurance Requirement.

Legal and Insurance Requirements. The Mortgagor represents and warrants that (i) as of the date hereof, (i) to the best of the Mortgagor's knowledge, (x) the Property and the use and operation thereof comply with all Insurance Legal Requirements and all material Legal Insurance Requirements, and ; (yii) there is no default under any Legal Requirement or Insurance Requirement which would have a material adverse effect on the use or operation of the Property, Requirement; and (iiiii) the execution, delivery and performance of this Mortgage will not contravene any provision of or constitute a default under any Legal Requirement or Insurance Requirement.