Common use of Limitations of Use Clause in Contracts

Limitations of Use. The Mortgagor shall not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restrictions limiting or defining the uses that may be made of any of the Properties and the Improvements or any part thereof that would have a material adverse effect on the value of any of the Properties or the Improvements. The Mortgagor shall comply with the provisions of all leases, licenses, agreements and private covenants, conditions and restrictions that at any time are applicable to the Mortgage Estate.

Appears in 2 contracts

Samples: Security Agreement (Chart Industries Inc), Chart Industries Inc

AutoNDA by SimpleDocs

Limitations of Use. The Mortgagor shall not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restrictions limiting or defining the uses that may be made of any of the Properties and the Improvements Premises or any part thereof that would have a material adverse effect on without the value prior written consent of any of the Properties or the ImprovementsMortgagee. The Mortgagor shall comply with the provisions of all leases, Governmental Approvals and all licenses, agreements and private covenants, conditions and restrictions that at any time are applicable to the Mortgage EstateMortgaged Property.

Appears in 2 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

AutoNDA by SimpleDocs

Limitations of Use. The In addition, Mortgagor shall not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restrictions limiting or defining the uses that may be made of any of the Properties Land and the Improvements Buildings or any part thereof that would have a material adverse effect on the value of any of the Properties Land or the ImprovementsBuildings. The Mortgagor shall comply with the provisions of all leases, licenses, agreements and private covenants, conditions and restrictions that at any time are applicable to the Mortgage EstateMortgaged Property.

Appears in 1 contract

Samples: Iron Age Corp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!