Common use of Status of the Property Clause in Contracts

Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the Property, for the granting of this Mortgage or for the conduct of Borrower’s business on the Property in accordance with the Permitted Use.

Appears in 4 contracts

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust), Security Agreement (Inland Real Estate Corp), Security Agreement (Inland Real Estate Corp)

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Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the Property, Property for the granting conveyance described in this Deed of this Mortgage or Trust and for the conduct of Borrower’s business on the Property in accordance with the Permitted Use.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing Statement (Maguire Properties Inc), Security Agreement and Fixture Filing Statement (Kilroy Realty Corp)

Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the PropertyProperty by Borrower, for the granting of this Mortgage Deed of Trust or for the conduct of Borrower’s business on the Property in accordance with the Permitted Use.

Appears in 1 contract

Samples: Security Agreement (Glimcher Realty Trust)

Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the Property, Property for the granting conveyance described in this Deed of this Mortgage or Trust and for the conduct of Borrower’s 's business on the Property in accordance with the Permitted Use.

Appears in 1 contract

Samples: Security Agreement and Fixture (Kilroy Realty Corp)

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Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the Property, for the granting of this Mortgage the Security Instrument or for the conduct of Borrower’s business on the Property in accordance with the Permitted Use, except, in each case, to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Industrial Property Trust Inc.)

Status of the Property. (a) Borrower has obtained and will maintain in full force and effect all certificates, licenses, permits and approvals that are issued or required by Law or by any entity having jurisdiction over the Property or over Borrower or that are necessary for the Permitted Use, for occupancy and operation of the Property, for the granting of this Mortgage or for the conduct of Borrower’s business on the Property in accordance with the Permitted Use. Without limiting any of the foregoing, Borrower is in compliance with the Comprehensive Permit and the Regulatory Agreement.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (New England Realty Associates Limited Partnership)

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