Common use of Permits and Approvals for the Mortgaged Properties Clause in Contracts

Permits and Approvals for the Mortgaged Properties. Borrower has obtained, or caused its Subsidiaries to obtain, all Governmental Authorizations, including, without limitation, all liquor licenses, Gaming Authorizations, sewer and water permits, elevator permits, certificates of occupancy, subdivision approvals, environmental approvals, zoning and land use entitlements which are necessary for the current operation of the Mortgaged Properties and the operation of their respective business as currently conducted, and there are no uncured violations thereof, except for Governmental Authorizations where the failure to obtain, and violations thereof, could not reasonably be expected to result in a Material Adverse Effect.

Permits and Approvals for the Mortgaged Properties. Borrower has obtained, or caused its Subsidiaries to obtain, all Governmental Authorizations, including, without limitation, including all liquor licenses, Gaming Authorizations, sewer and water permits, elevator permits, certificates of occupancy, subdivision approvals, environmental approvals, zoning and land use entitlements which are necessary for the current operation of the Mortgaged Properties and the operation of their respective business as currently conducted, and there are no uncured violations thereof, except for Governmental Authorizations where the failure to obtain, and violations thereof, could not reasonably be expected to result in a Material Adverse Effect.