Common use of Use of Property; Licenses Clause in Contracts

Use of Property; Licenses. Each Collateral Property is used ------------------------- exclusively for retail and other appurtenant and related uses. Except as heretofore discussed in writing to Lender, all material certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Property (collectively, the "LICENSES"), have been obtained and are in full force and effect. The uses being made of each Collateral Property are in conformity in all materials respects with, and are permitted under, the certificate of occupancy issued for such Collateral Property.

Appears in 1 contract

Samples: Management Agreement (Westfield America Inc)

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Use of Property; Licenses. Each The Collateral Property is used ------------------------- exclusively for retail and other appurtenant and related uses. Except as heretofore discussed in writing to Lender, all material certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Collateral Property (collectively, the "LICENSESLicenses"), have been obtained and are in full force and effect. Owner shall keep and maintain all licenses necessary for the operation of the Collateral Property as a retail shopping center. The uses use being made of each the Collateral Property are is in conformity in all materials material respects with, and are is permitted under, the certificate of occupancy issued for such the Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

Use of Property; Licenses. Each Collateral Property is used ------------------------- exclusively for retail and other appurtenant and related uses (including office uses). Except as heretofore discussed in writing to Lender, all material certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Collateral Property (collectively, the "LICENSESLicenses"), have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Collateral Property as a retail shopping center. The uses being made of each Collateral Property are in conformity in all materials material respects with, and are permitted under, the certificate of occupancy issued for such Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

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Use of Property; Licenses. Each Collateral Property is used ------------------------- exclusively for retail and other appurtenant and related uses. Except as heretofore discussed in writing to Lender, all material certifications, permits, licenses and approvals, including certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Collateral Property (collectively, the "LICENSESLicenses"), have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Collateral Property as a retail shopping center. The uses being made of each Collateral Property are in conformity in all materials material respects with, and are permitted under, the certificate of occupancy issued for such Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

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