To Borrower’s knowledge Sample Clauses
To Borrower’s knowledge the Condominium Documents are in full force and effect and there is no default, breach or violation existing thereunder by any party thereto and, to Borrower’s knowledge, no event has occurred, that, with the passage of time or the giving of notice, or both, would constitute a default, breach or violation by any party thereunder. The Punta Mita Borrowing Base Entities are not party to any other agreements or understandings other than the Condominium Documents with respect to the Units.
To Borrower’s knowledge all obligations and conditions under the Condominium Documents to be performed to date by either the Condominium Board or the Punta Mita Borrowing Base Entities with respect to the Units have been satisfied.
To Borrower’s knowledge. (i) no portion of the Condominium has been the subject of a Taking and (ii) there is no proposed Taking that affects any portion of the Units or the Condominium.