Common use of Use Violations Clause in Contracts

Use Violations. Neither Borrower nor any Guarantor shall use, maintain, operate or occupy, or allow the use, maintenance, operation or occupancy of, any of its properties in any manner which (a) violates any Legal Requirement unless such violation would not have a material adverse effect on the financial condition, operations or business of Borrower or any Guarantor, (b) may be dangerous unless safeguarded as required by law, (c) constitutes a public or private nuisance, (d) makes void, voidable or cancelable any insurance then in force with respect thereto or (e) makes void, voidable, or cancelable any governmental permit.

Appears in 3 contracts

Samples: Credit Agreement (Amresco Inc), Credit Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

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Use Violations. Neither No Borrower nor any Guarantor shall use, maintain, operate or occupy, or allow the use, maintenance, operation or occupancy of, any of its properties in any manner which (a) violates any Legal Requirement unless such violation would not have a material adverse effect on the financial condition, operations or business of Borrower or any GuarantorBorrower, (b) may be dangerous unless safeguarded as required by law, (c) constitutes a public or private nuisance, (d) makes void, voidable or cancelable any insurance then in force with respect thereto or (e) makes void, voidable, or cancelable any governmental permit.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

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