Common use of Permits; Certificate of Occupancy Clause in Contracts

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each Mortgaged Property, except for noncompliance which cannot reasonably be expected to result in a Material Adverse Effect. The use being made of each Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance which cannot reasonably be expected to result in a Material Adverse Effect.

Appears in 10 contracts

Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc)

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Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each Mortgaged Property, except for noncompliance which canwhere the failure to obtain such Permits is not reasonably be expected likely to result in a Material Adverse Effect. The use being made of each Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance nonconformity which canis not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, except for noncompliance which canis not reasonably be expected to result in a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance which canis not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan Agreement (Digital Realty Trust, Inc.), Loan Agreement (Digital Realty Trust, Inc.), Loan Agreement (Digital Realty Trust, Inc.)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, Property except for noncompliance which canwhere the failure to obtain such Permits is not reasonably be expected likely to result in have a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such the Mortgaged Property and any other restrictions, covenants or conditions affecting such the Mortgaged Property, except for noncompliance which cannot reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, except for noncompliance which canis not reasonably be expected to result in a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance which canis not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Great Wolf Resorts, Inc.), Loan Agreement (Great Wolf Resorts, Inc.)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each Mortgaged Property, the Property except for noncompliance which canwhere the failure to obtain such Permits is not reasonably be expected likely to result in have a Material Adverse Effect. The use being made of each Mortgaged the Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged the Property and any other restrictions, covenants or conditions affecting such Mortgaged the Property, except for noncompliance non-conformity which canis not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (American Financial Realty Trust), Loan Agreement (Gramercy Capital Corp)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, Property except for noncompliance which canwhere the failure to obtain such Permits is not reasonably be expected likely to result in have a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such the Mortgaged Property and any other restrictions, covenants or conditions affecting such the Mortgaged Property, except for noncompliance which cansuch non-conformity as is not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

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Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, except for noncompliance which canwhere the failure to obtain such Permits would not reasonably be expected to result in have a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity in all material respects with the certificate of occupancy and/or such Permits for such the Mortgaged Property and any other restrictions, covenants or conditions affecting such the Mortgaged Property, except for noncompliance which cannot reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Kranzco Realty Trust)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary to the use and operation of each the Mortgaged Property, except for noncompliance which canis not reasonably be expected to result in a Material Adverse EffectEffect and copies of such Permits have been delivered to Lender. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance which canis not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Great Wolf Resorts, Inc.)

Permits; Certificate of Occupancy. Borrower or Operating Lessee has obtained all Permits necessary to the use and operation of each the Mortgaged Property, except for noncompliance which canis not reasonably be expected to result in a Material Adverse Effect. The use being made of each the Mortgaged Property is in conformity with the certificate of occupancy and/or such Permits for such Mortgaged Property and any other restrictions, covenants or conditions affecting such Mortgaged Property, except for noncompliance which canis not reasonably be expected likely to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Great Wolf Resorts, Inc.)

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