Common use of Operation of Project and Zoning Clause in Contracts

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-class manner as described on Exhibit B attached hereto. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s consent.

Appears in 2 contracts

Samples: Loan Assumption Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Wells Core Office Income Reit Inc)

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Operation of Project and Zoning. As long as any portion of the a Loan remains outstanding, the applicable Borrower shall maintain and operate its Project shall be operated in a first-first class manner as described on Exhibit B attached heretomanner. Each Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the ProjectBorrower's Project and each contract relating to operation as a dinner theater, piano bar or restaurant, as applicable. No Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s 's consent.

Appears in 2 contracts

Samples: Loan Agreement (On Stage Entertainment Inc), Loan Agreement (On Stage Entertainment Inc)

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-first class manner as described on Exhibit B attached heretoa commercial office building and manufacturing and distribution facility. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s 's consent.

Appears in 1 contract

Samples: Loan Agreement (Marker International)

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-first class manner as described on Exhibit B attached heretoan office/warehouse facility. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s 's consent.

Appears in 1 contract

Samples: Loan Agreement (Applied Epi Inc)

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-first class manner as described on Exhibit B attached heretoa manufactured housing community. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s 's consent.

Appears in 1 contract

Samples: Omitted Loan Agreement (Commercial Assets Inc)

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Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-class manner as described on Exhibit B attached hereto. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s consent.. Loan Agreement

Appears in 1 contract

Samples: Loan Agreement (Netreit)

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-first class manner as described on Exhibit B attached heretoan industrial and office facility. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s 's written consent.

Appears in 1 contract

Samples: Loan Agreement (Datron Systems Inc/De)

Operation of Project and Zoning. As long as any portion of the Loan remains outstanding, the Project shall be operated in a first-first class manner as described on Exhibit B attached heretoan office/warehouse facility. Borrower shall fully and faithfully perform all of its covenants, agreements and obligations under each of the leases of space in the Project. Borrower shall not initiate or acquiesce in a zoning variation or reclassification without Lender’s consent.

Appears in 1 contract

Samples: Loan Agreement (Veeco Instruments Inc)

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