No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable Advance, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Mortgaged Property subject to a Release Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Mortgaged Property subject to a Release Request), which condemnation or casualty would have a Material Adverse Effect.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Sun Communities Inc)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRelease Request, there shall not be pending or or, to the knowledge of Borrower, threatened any condemnation or other taking, whether direct or indirect, against any the Mortgaged Property (other than a Mortgaged Property that is the subject to a Release Request) of the Request and there shall not have occurred any casualty to any improvements located on any the Mortgaged Property (other than a Mortgaged Property subject to a Release Request)Property, in each case, which condemnation or casualty would have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Credit Facility and Reimbursement Agreement (America First Apartment Investors Inc)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRelease Request, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request or Substitution Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request or Substitution Request), which condemnation or casualty would have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Colonial Realty Limited Partnership)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRelease Request, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Mortgaged Property subject to a Release Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Mortgaged Property subject to a Release Request), which condemnation or casualty would have a Material Adverse Effectmaterial adverse effect on the continued operations of such Mortgaged Property.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Sunrise Assisted Living Inc)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRequest, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request or a Substitution Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request or a Substitution Request), which condemnation or casualty would have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRelease Request, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Release Mortgaged Property subject to a Release Request), which condemnation or casualty would have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Colonial Properties Trust)
No Condemnation or Casualty. Except in connection with a Credit Facility Termination Request or a Rollover Variable AdvanceRequest, there shall not be pending or threatened any condemnation or other taking, whether direct or indirect, against any Mortgaged Property (other than a Mortgaged Property subject to a Release Request) and there shall not have occurred any casualty to any improvements located on any Mortgaged Property (other than a Mortgaged Property subject to a Release Request), which condemnation or casualty would have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Sun Communities Inc)
