Common use of Permits, Licenses and Approvals Clause in Contracts

Permits, Licenses and Approvals. Borrower shall properly obtain, comply with and keep in effect all permits, licenses and approvals which are required to be obtained from governmental bodies in order to construct, occupy and lease the Land and Improvements. At Bank’s request, Borrower shall promptly deliver copies of all such permits, licenses and approvals to Bank.

Appears in 2 contracts

Samples: Construction Loan Agreement (Summit Hotel OP, LP), Construction Loan Agreement (Summit Hotel Properties LLC)

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Permits, Licenses and Approvals. Borrower shall properly obtain, comply with and keep in effect all permits, licenses and approvals which are required to be obtained from governmental bodies in order to construct, occupy occupy, operate, market and lease or sell the Land Improvements, except where the failure will not have a material adverse effect on the Borrower and Improvementsits Subsidiaries, taken as a whole. At Bank’s request, Borrower shall promptly deliver copies of all such permits, licenses and approvals to Bank upon Bank's request.

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Permits, Licenses and Approvals. Borrower shall properly obtain, comply with and keep in effect all permits, licenses and approvals which are required to be obtained from any governmental bodies authority in order to constructcommence and complete the Work. Borrower, occupy and lease upon the Land and Improvements. At Bank’s requestrequest of the Director, Borrower shall promptly deliver copies of all such permits, licenses and approvals to Bankthe Director.

Appears in 1 contract

Samples: Loan Agreement

Permits, Licenses and Approvals. Borrower shall will properly obtain, comply with with, and keep in effect all permits, licenses licenses, and approvals which that are required to be obtained from governmental bodies any Governmental Authorities in order to constructoccupy, occupy operate, and lease otherwise manage the Land and Improvements. At Bank’s request, Borrower shall promptly deliver copies of all such permits, licenses and approvals to BankProperty.

Appears in 1 contract

Samples: Loan and Security Agreement (Quest Software Inc)

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Permits, Licenses and Approvals. Borrower shall properly obtain, comply with and keep in effect all permits, licenses and approvals which are required to be obtained from governmental bodies in order to construct, occupy construct the Improvements and lease to market and sell the Land and ImprovementsLots. At Bank’s request, Borrower shall promptly deliver copies of all such permits, licenses and approvals to Bank.

Appears in 1 contract

Samples: Construction Loan Agreement (Newmark Homes Corp)

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