Common use of Property Use Clause in Contracts

Property Use. The Property shall be used only for a retail shopping center, retail office and business office uses and related ancillary commercial uses that are consistent with similar first-class retail shopping centers, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute discretion.

Appears in 4 contracts

Samples: Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.)

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Property Use. The Property shall be used only for a retail commercial shopping centercenter (which may include, retail office without limitation, medical and business office uses and related ancillary commercial uses that are consistent with similar first-class retail shopping centers, other professional offices) and for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute 's discretion.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (Cv Reit Inc), Loan and Credit Facility Agreement (Cv Reit Inc)

Property Use. The Property shall be used only for as a retail shopping center, retail office and business office uses center and related ancillary commercial uses that are consistent with similar first-class retail shopping centersthereto, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s 's sole and absolute discretion.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Alexanders Inc)

Property Use. The Property shall be used only for as a retail shopping center, retail office center and business office uses appurtenant and related ancillary commercial uses that are consistent with similar first-class retail shopping centers, typical of a property such as the Property allowed by the Property’s zoning classification and all agreements pertaining to the Property and for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute reasonable discretion.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement (American Assets Trust, Inc.)

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Property Use. The Property shall (a) be used only for as a retail shopping center, retail office and business office uses center and related ancillary commercial uses that are consistent with similar first-class retail shopping centers, typical of a property such as the Property and allowed by the Property’s zoning classification and all agreements pertaining to the Property and (b) be used for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute reasonable discretion.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (American Assets Trust, Inc.)

Property Use. The Property shall be used only as a Shopping Center for a retail shopping center, retail and office space and business office uses and related ancillary commercial uses that are consistent such activities generally undertaken in connection with similar first-class retail shopping centers, those businesses and for no other use without the prior written consent of Lender, which consent may shall not be unreasonably withheld in Lender’s sole and absolute discretionor delayed.

Appears in 1 contract

Samples: Fee and Leasehold Mortgage and Security Agreement (Konover Property Trust Inc)

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