Common use of Present Compliance Clause in Contracts

Present Compliance. All tangible personal property constituting or intended to constitute Collateral for the Loan complies in all material respects with all applicable Legal Requirements and the provisions of all applicable Licenses and Permits.

Appears in 2 contracts

Samples: Loan Agreement (STW Resources Holding Corp.), Loan Agreement (STW Resources Holding Corp.)

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Present Compliance. All real estate and tangible personal property constituting or intended to constitute Collateral for the Loan complies in all material respects with all applicable Legal Requirements Laws and the provisions of all applicable Licenses and Permits.

Appears in 1 contract

Samples: Term Loan Agreement (Sonesta International Hotels Corp)

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Present Compliance. All real estate and tangible personal property constituting or intended to constitute Collateral for the Loan (to the extent of its present construction or existence) complies in all material respects with all applicable Legal Requirements including, without limitation, Environmental Legal Requirements, and the provisions of all applicable Licenses and Permits.

Appears in 1 contract

Samples: Construction Loan Agreement (American Retirement Corp)

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