Violation of Governmental Requirements. The institution of any judicial or administrative proceeding alleging that any of the Improvements violate any Governmental Requirements if such violation gives rise to a Material Adverse Effect and the failure to have such proceeding dismissed or such violation corrected within 30 days after the institution thereof, except that Homestead or the applicable Borrower shall have the right to contest any such proceeding beyond such 30 day period, provided that Atlantic is satisfied that the prosecution of such proceeding will neither have any Material Adverse Effect nor materially impair Atlantic's security.
Violation of Governmental Requirements. The institution of any judicial or administrative proceeding alleging that any of the Improvements violate any Governmental Requirements if such violation gives rise to a Material Adverse Effect and the failure to have such proceeding dismissed or such violation corrected within 30 days after the institution thereof, except that Homestead or the applicable Borrower shall have the right to contest any such proceeding beyond such 30 day period, provided that PTR is satisfied that the prosecution of such proceeding will neither have any Material Adverse Effect nor materially impair PTR's security.
Violation of Governmental Requirements. Seller has not received written notice and has no actual knowledge of violation of any law, ordinance, regulation, restriction, or legal requirements affecting the Property or Seller’s use of the Property.
Violation of Governmental Requirements. The beneficiary fails to comply with any law, ordinance, code order, rule or regulation of any governmental or administrative authority having jurisdiction over the award or the Eligible Activities within thirty (30) days after notice in writing of such failure to comply has been given to the beneficiary from such governmental or administrative authority.
Violation of Governmental Requirements. The failure of any Loan Party or Designated Affiliate to comply with any Governmental Requirement, including any State Cannabis Law, or if any Loan Party or Designated Affiliate engages in any Restricted Cannabis Activity.
Violation of Governmental Requirements. To the best of Seller's Knowledge, there is no condition existing with respect to the Property, which violates any governmental requirements, including, but not limited to, those relating to zoning and use of the Property. Seller has received no written notice concerning the Property from any federal, state or local governmental authority about a violation of any federal, state, county, or city statute, ordinance, code, rule, regulation, order, legal requirement or restrictive covenant or stating that any investigation has commenced or is contemplated regarding any violation
Violation of Governmental Requirements. The failure of Borrower, any tenant, or any other occupant of the Real Property Collateral to comply with any Governmental Requirement. Any potential violation by a tenant or other occupant of the Real Property Collateral of any Governmental Requirement is an Event of Default under the terms of this Agreement, then Lender, at Lender’s option, may, without prior notice, declare all Indebtedness, regardless of the stated due date(s), immediately due and payable and may exercise all rights and remedies in this Agreement, and any other Loan Documents.
