Common use of No Prohibitions or Violations Clause in Contracts

No Prohibitions or Violations. There are no applicable Legal Requirements which prohibit or adversely limit the use of the Property for the purposes the same are intended for, nor is there any outstanding and uncured violation of any applicable Legal Requirements.

Appears in 3 contracts

Samples: Loan Agreement (Unitil Corp), Term Loan Agreement (Westwood Group Inc), Term Loan Agreement (Emeritus Corp\wa\)

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No Prohibitions or Violations. There are no applicable Legal Requirements which prohibit or materially, adversely limit the use of the Property for the purposes the same are is intended for, nor is there any outstanding and uncured material violation of any applicable Legal Requirements.

Appears in 2 contracts

Samples: Loan Agreement (STW Resources Holding Corp.), Loan Agreement (STW Resources Holding Corp.)

No Prohibitions or Violations. There are no applicable Legal Requirements Laws which prohibit or adversely limit the use of the Property for the purposes the same are intended for, nor is there any outstanding and uncured violation of any applicable Legal RequirementsLaws.

Appears in 1 contract

Samples: Term Loan Agreement (Sonesta International Hotels Corp)

No Prohibitions or Violations. There are no applicable Legal Requirements which prohibit or adversely limit the current use of the Property for the purposes the same are intended forProperty, nor is there any outstanding and uncured violation of any applicable material Legal Requirements including, without limitation, any Environmental Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Clarion Partners Property Trust Inc.)

No Prohibitions or Violations. There are no applicable Legal Requirements which materially prohibit or adversely limit the use of the Property for the purposes the same are intended for, nor is there any outstanding and uncured violation of any applicable Legal RequirementsRequirements including, without limitation, any Environmental Legal Requirements except where non-compliance would not be reasonably expected to have a Material Adverse Change on Borrower.

Appears in 1 contract

Samples: Commercial Real Estate Mortgage Loan Agreement (Procaccianti Hotel Reit, Inc.)

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No Prohibitions or Violations. There are no applicable Legal Requirements which prohibit or adversely limit the use of the subject Property for the purposes the same are intended for, nor is there any outstanding and uncured violation of any applicable Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

No Prohibitions or Violations. There are no applicable Legal Requirements which prohibit or adversely limit the use of the Property for the purposes the same are is intended for, to the best of Borrower’s knowledge, nor is there any outstanding and uncured violation of any applicable Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Procaccianti Hotel Reit, Inc.)

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