Property Compliance Clause Samples

Property Compliance. The Premises and the Improvements and the current intended use thereof by Borrower comply in all material respects with all applicable restrictive covenants, zoning ordinances, subdivision and building codes, flood disaster laws, health and environmental laws and regulations and all other ordinances, orders or requirements issued by any state, federal or municipal authorities having or claiming jurisdiction over the Property, except as otherwise previously disclosed to Lender in writing. In the event that all or any part of the Improvements are destroyed or damaged, said Improvements can be legally reconstructed to their condition prior to such damage or destruction, and thereafter exist for the same use without violating any zoning or other ordinances applicable thereto and without the necessity of obtaining any variances or special permits. No legal proceedings are pending or, to the knowledge of Borrower, threatened with respect to the zoning of the Premises. Neither the zoning nor any other right to construct, use or operate the Premises is in any way dependent upon or related to any property other than the Premises. All certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Premises have been obtained and are in full force and effect. The Premises and Improvements constitute one or more separate tax parcels for purposes of ad valorem taxation. The Premises and Improvements do not require any rights over, or restrictions against, other property in order to comply with any of the aforesaid governmental ordinances, orders or requirements.

Property Compliance. To Borrower's knowledge, as of the Closing Date, except as expressly set forth in Schedule 6.7 hereof, each Property complies with all applicable subdivision, platting, building, land use, environmental, safety, traffic, fire and zoning Laws and requirements, except when the failure to so comply would not have a Material Adverse Effect for such Property.

Property Compliance. Owner certifies its property meets all fire codes for renting and complies with all applicable federal, state and local laws and ordinances. Please provide our ofice with a copy of the Mercantile License andƒor fire inspection as required. If Owner is uncertain of requirements, please contact our ofice. Owner is to provide Rental Agent with a copy of anyƒall rules & regulations of condo andƒor home− owners associations andƒor pool, common area usage regulations. Owner agrees to post these regula− tions and information in the Property, in an area that can be viewed easily by guests.

Property Compliance. The Property and the operations conducted thereon do not violate any Environmental Laws.

Property Compliance. To the best of Borrower’s knowledge, information and belief, the Premises and the Improvements and the current intended use thereof by Borrower comply in all material respects with all applicable restrictive covenants, zoning ordinances, subdivision and building codes, flood disaster laws, health and environmental laws and regulations and all other ordinances, orders or requirements issued by any state, federal or municipal authorities having or claiming jurisdiction over the Property. In the event that all or any part of the Improvements are destroyed or damaged, said Improvements can be legally reconstructed to their condition prior to such damage or destruction, and thereafter exist for the same use without violating any zoning or other ordinances applicable thereto and without the necessity of obtaining any variances or special permits. No legal proceedings are pending or, to the knowledge of Borrower, threatened with respect to the zoning of the Premises. Neither the zoning nor, to the best of Borrower’s knowledge, information and belief, and except for the Permitted Encumbrances, any other right to construct, use or operate the Premises is in any way dependent upon or related to any property other than the Premises. To the best of Borrower’s knowledge, information and belief, all certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Premises have been obtained and are in full force and effect. The Premises and Improvements constitute one or more separate tax parcels for purposes of ad valorem taxation. To the best of Borrower’s knowledge, information and belief, except as reflected in the Permitted Encumbrances, the Premises and Improvements do not require any rights over, or restrictions against, other property in order to comply with any of the aforesaid governmental ordinances, orders or requirements.

Property Compliance. The Property complies, in all material respects, with all applicable subdivision, platting, building, land use, safety and zoning Laws and requirements and all requirements contained within any of the title exceptions included in the Title Policy.

Property Compliance. (a) Manager shall operate the Property in compliance with all Laws, tenant leases, and the terms of the Loan Documents and shall be responsible on behalf of Owner for monitoring whether or not the Property is in compliance with the same. (b) If Manager obtains knowledge of or receives any notices of violation of any Laws, default under any lease, or non-compliance with the Loan Documents, Manager shall: (i) promptly notify Owner not later than two (2) Business Days after Manager obtains knowledge or receipt thereof; and (ii) use commercially reasonable efforts to obtain Owner’s approval before making any expenditure required to remedy such violation or default or otherwise remedying such violation or default, except in the case of an Emergency.

Property Compliance. To the best of Indemnitor’s knowledge, the Property and the operations conducted thereon do not violate any applicable law, statute, ordinance, rule, regulation, order, or determination of any governmental authority or any restrictive covenant or deed restriction (recorded or otherwise), including all applicable zoning ordinances and building codes, flood disaster laws and Environmental Laws. Furthermore, to Indemnitor’s knowledge, the Property is maintained and has been maintained in such a manner as to prevent excess humidity or accumulation of moisture that may promote the growth of molds or other fungi and other microorganisms.

Property Compliance. Since the date that is three (3) years prior to the Effective Date, Seller has not received written notice of, nor does Seller have actual knowledge of, any violation of applicable laws, ordinances or regulations relating to the Improved Parcels which remain uncured.