REAL PROPERTY LAWS Sample Clauses

REAL PROPERTY LAWS. All of the Business Real Property and its continued use, occupancy and operation as currently used, occupied and operated does not constitute a nonconforming use under any applicable building, zoning, subdivision or other land use or similar Law (collectively, "Real Property Laws"). The continued existence, use, occupancy and operation of each Improvement is not dependent on the granting of any special permit, exception, approval or variance. Seller Business Entities have no knowledge of any pending or anticipated change in any Real Property Law which would have a material adverse effect upon the ownership, use, occupancy or operation of the Business Real Property or any portion thereof, or upon reconstruction of any Improvement in the event of a casualty. No material dispute currently exists with any Governmental Authority having jurisdiction over the Business Real Property with respect to any Real Property Law or the application thereof to the Business Real Property.

REAL PROPERTY LAWS. To the Knowledge of Receiver, except for any matters disclosed by the Permitted Exceptions, Sellers have not received any written notice of violation nor claimed violation of any applicable building, zoning or other land use and similar laws, codes, ordinances, rules, regulations and orders, including, without limitation, the Americans With Disabilities Act (other than environmental laws, which are more particularly described below) that would materially affect the use, occupancy, operation or marketability of the Real Property. From and after the Effective Time, Purchasers waive, release, and forever discharge Sellers and their directors, officers, shareholders, managers, members, employees, and agents, and their respective heirs, successors, personal representatives and assigns (collectively, the “Released Parties”), of and from any and all suits, legal or administrative proceedings, claims, demands, actual damages, punitive damages, losses, costs, liabilities, interest, attorneys’ fees and expenses of whatever kind and nature, in law or in equity, known or unknown (herein, “Claims”), that Purchasers ever had, now have, or in the future may have, against any of the Released Parties, based upon, or arising directly or indirectly out of: (i) the condition, character, suitability, quality or nature of the Property; and (ii) the existence, presence or condition of the asbestos-containing material or any hazardous materials (as defined by any applicable law, rule or regulation), on, in or under the Property (items (i) and (ii) are collectively, the “Conditions”); provided, however, that this waiver, release and discharge shall not apply to any Claims asserted by a third party against Purchasers or their affiliates as a result of personal injury or property damage occurring before Closing as a result of any Condition.

REAL PROPERTY LAWS. 22 RECEIVABLES.......................................................................2

REAL PROPERTY LAWS. Since March 24, 1998 the Seller has done nothing to cause the ▇▇▇▇▇ City Real Property and its continued use, occupancy and operation as currently used, occupied and operated to constitute a material nonconforming use under any applicable building, zoning, subdivision or other land use or similar law, ordinance, regulation, order or decree (collectively, "REAL PROPERTY LAWS"). To Seller's knowledge, the continued existence, use, occupancy and operation of each ▇▇▇▇▇ City Improvement in the manner presently used, occupied or operated is not dependent on the granting of any special permit, exception, approval or variance. The Seller has no knowledge of any pending or anticipated change in any Real Property Law that would have a material adverse effect upon the ownership, use, occupancy or operation of the ▇▇▇▇▇ City Real Property or any portion thereof, or upon the making of reasonable additions or alterations to the ▇▇▇▇▇ City Improvements thereat or upon reconstruction of any ▇▇▇▇▇ City Improvement in the event of a casualty. No dispute currently exists between the Seller and any governmental authority having jurisdiction over the ▇▇▇▇▇ City Real Property with respect to any Real Property Law or the application thereof to the ▇▇▇▇▇ City Real Property.

REAL PROPERTY LAWS. The Real Property and its continued use, occupancy and operation as currently used, occupied and operated does not constitute a material nonconforming use under any applicable building, zoning, subdivision or other land use or similar law, ordinance, regulation, order or decree (collectively, "REAL PROPERTY LAWS"). The continued existence, use, occupancy and operation of each Improvement in the manner presently used, occupied or operated is not dependent on the granting of any special permit, exception, approval or variance. The Seller has no knowledge of any pending or anticipated change in any Real Property Law that would have a material adverse effect upon the ownership, use, occupancy or operation of the Real Property or any portion thereof, or upon the making of reasonable additions or alterations to the Improvements thereat or upon reconstruction of any Improvement in the event of a casualty. No dispute currently exists between the Seller and any governmental authority having jurisdiction over the Real Property with respect to any Real Property Law or the application thereof to the Real Property.

REAL PROPERTY LAWS. 18, 47 Reimbursable Expenses.........................................................47