Common use of Limitation on Zoning and Contract Changes and Compliance Clause in Contracts

Limitation on Zoning and Contract Changes and Compliance. Without the knowledge and written consent of Lender, initiate or consent to any zoning change of the Project Site or seek any material variance under any existing zoning ordinance, except, in each case, to the extent such variance or change in zoning would not reasonably be expected to materially and adversely affect the occupancy, use or operation of all or any material portion of the Project Site as a hotel and casino.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Stockbridge/Sbe Investment Company, LLC), Loan Agreement (Stockbridge/Sbe Investment Company, LLC)

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Limitation on Zoning and Contract Changes and Compliance. Without the knowledge and written consent of Lenderthe Administrative Agent, initiate or consent to any zoning change of the Project Site or seek any material variance under any existing zoning ordinance, except, in each case, to the extent such variance or change in zoning would not reasonably be expected to materially and adversely affect the occupancy, use or operation of all or any material portion of the Project Site as a hotel and casino.

Appears in 2 contracts

Samples: Credit Agreement (Stockbridge/Sbe Investment Company, LLC), Credit Agreement (Stockbridge/Sbe Investment Company, LLC)

Limitation on Zoning and Contract Changes and Compliance. Without the knowledge and written consent of Lenderthe Required Lenders, initiate or consent to any zoning change of the Project Site or any Buffer Property or seek any material variance under any existing zoning ordinanceordinance or under the Redevelopment Agreement, except, in each case, to the extent such variance or change in zoning or the Redevelopment Agreement would not reasonably be expected to materially and adversely affect the occupancy, use or operation of all or any material portion of the Project Site as a resort hotel and casino.

Appears in 1 contract

Samples: Credit Agreement (Revel AC, Inc.)

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Limitation on Zoning and Contract Changes and Compliance. Without the knowledge and written consent of Lenderthe Required Lenders’, initiate or consent to any zoning change of the Project Site or any Buffer Property or seek any material variance under any existing zoning ordinanceordinance or under the Redevelopment Agreement, except, in each case, to the extent such variance or change in zoning or the Redevelopment Agreement would not reasonably be expected to materially and adversely affect the occupancy, use or operation of all or any material portion of the Project Site as a resort hotel and casino.

Appears in 1 contract

Samples: Credit Agreement (Revel Entertainment Group, LLC)

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