Common use of Permits; Certificate of Occupancy Clause in Contracts

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary for the present and contemplated use and operation of the Property, except to the extent that failure to obtain or maintain such Permits would not result in a Material Adverse Effect. The uses being made of the Property are in conformity in all material respects with the certificate of occupancy and/or Permits for the Property and any other restrictions, covenants or conditions affecting the Property.

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

AutoNDA by SimpleDocs

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary for the present and contemplated use and operation of the each Property, except to the extent that the failure to obtain and maintain the same would have, individually or maintain such Permits would not result in the aggregate, a Property Material Adverse Effect. The uses being made of the each Property are in conformity in all material respects with the certificate of occupancy and/or Permits for the such Property and any other restrictions, covenants or conditions affecting the such Property.

Appears in 1 contract

Samples: Loan Agreement (Brixmor Property Group Inc.)

Permits; Certificate of Occupancy. Borrower has obtained obtained, or has caused to be obtained, all Permits necessary for the present and contemplated use and operation of the Property, except to the extent that each Property unless failure to obtain or maintain such Permits would not result in a Material Adverse Effect. The Except as set forth in the zoning reports delivered to Lender with respect to the Properties, the uses being made of the each Property are in conformity in all material respects with the certificate of occupancy and/or Permits for the such Property and any other restrictions, covenants or conditions affecting the such Property.

Appears in 1 contract

Samples: Loan Agreement (Toys R Us Inc)

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary for the present and contemplated use and operation of the Property, each Property except in each case to the extent that failure to obtain or maintain such Permits any of the foregoing would not result in have a Material Adverse Effect. The uses being made of the each Property are in conformity in all material respects with the certificate of occupancy and/or Permits for the such Property and any other restrictions, covenants or conditions affecting the such Property. Section 4.33.

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

AutoNDA by SimpleDocs

Permits; Certificate of Occupancy. Borrower has obtained all Permits necessary for the present and contemplated use and operation of the Property, except to the extent that Property unless such failure to obtain or maintain such Permits would is not reasonably expected to result in a Material Adverse Effect. The uses being made of the Property are in conformity in all material respects with the certificate of occupancy and/or Permits for the Property and any other restrictions, covenants or conditions affecting the Property.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.