Common use of Litigation regarding the Property Clause in Contracts

Litigation regarding the Property. No litigation, bankruptcy proceeding, or condemnation of, or relating to, the Property is pending and, to the best of Owner's knowledge, no litigation or administrative actions are proposed, threatened, or anticipated with respect to any matter affecting the Property. If the Owner learns of any additional litigation or administrative action proposed, threatened, or instituted with respect to the Property prior to the execution of a Ground Lease Agreement, the Owner shall promptly deliver notice thereof to Grantee.

Appears in 3 contracts

Samples: Option to Lease Agreement, Option to Lease Agreement, Option to Lease Agreement

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Litigation regarding the Property. No litigation, bankruptcy proceeding, or condemnation of, or relating to, the Property is pending and, to the best of Owner's knowledge, no litigation or administrative actions are proposed, threatened, or anticipated with respect to any matter affecting the Property. If the Owner learns of any additional litigation or administrative action proposed, threatened, or instituted with respect to the Property prior to the execution of a Ground Lease PPA and License Agreement, the Owner shall promptly deliver notice thereof to Grantee.

Appears in 1 contract

Samples: Option to License Agreement

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