Common use of Violation of Laws Clause in Contracts

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 58 contracts

Samples: Mortgage and Security Agreement (Morgans Hotel Group Co.), Electro Scientific Industries Inc, Security Agreement and Fixture (Moody National REIT I, Inc.)

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Violation of Laws. If the Property is not in material compliance with Legal RequirementsApplicable Laws, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 50 contracts

Samples: Security Agreement (Talon Real Estate Holding Corp.), Mortgage And (Paladin Realty Income Properties Inc), Mortgage And (Resource Real Estate Opportunity REIT, Inc.)

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, including monetary reserves or financial equivalents.

Appears in 12 contracts

Samples: Security Agreement and Fixture Filing, Security Agreement and Fixture Filing (Moody National REIT II, Inc.), Security Agreement and Fixture Filing (Moody National REIT II, Inc.)

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 7 contracts

Samples: Security Agreement, Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.), Filing and Security Agreement (Manufactured Housing Properties Inc.)

Violation of Laws. If the Property is not in material compliance with Legal Requirementsall Requirements of Laws, Lender may impose additional requirements upon Borrower in connection herewith with such Event of Default including, without limitation, monetary reserves or financial equivalents.

Appears in 6 contracts

Samples: Loan Agreement (Independence Realty Trust, Inc), Loan Agreement (CNL Hotels & Resorts, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Violation of Laws. If the Property is not in material compliance with Legal Requirementsall Requirements of Law, Lender may impose additional requirements upon Borrower in connection herewith with such Event of Default including, without limitation, monetary reserves or financial equivalents.

Appears in 4 contracts

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Resource Real Estate Opportunity REIT, Inc.)

Violation of Laws. If the Property is not not, in any material respect, in compliance with Legal Requirementsall Requirements of Laws, Lender may impose additional requirements upon Borrower in connection herewith with such Event of Default including, without limitation, monetary reserves or financial equivalents.

Appears in 3 contracts

Samples: Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure Assets Trust)

Violation of Laws. If the Property is not in material full compliance with all Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith herewith, including, without limitation, monetary reserves or financial equivalents.

Appears in 3 contracts

Samples: Rents and Security Agreement (Lodging Fund REIT III, Inc.), Security Agreement (Lodging Fund REIT III, Inc.), Security Agreement and Fixture Filing (Glimcher Realty Trust)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsApplicable Laws, Lender may impose additional requirements upon Borrower in connection herewith therewith including, without limitation, monetary reserves or financial equivalents.

Appears in 3 contracts

Samples: Non Disturbance and Attornment Agreement (American Assets Trust, Inc.), Security Agreement (American Assets Trust, Inc.), Mortgage, Security Agreement and Fixture Filing (Excal Enterprises Inc)

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose additional requirements upon each Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 2 contracts

Samples: Trust and Security Agreement (Ventas Inc), Mortgage and Security Agreement (Ventas Inc)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsApplicable Laws, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents; provided, however, Borrower's obligations with respect to Environmental Laws are exclusively addressed herein in Article XII.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsRequirements and such noncompliance results in a Material Adverse Effect, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Cedar Shopping Centers Inc), Mortgage and Security Agreement (Cedar Shopping Centers Inc)

Violation of Laws. If the Property is not in material full compliance with all Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 2 contracts

Samples: www.sec.gov, TNP Strategic Retail Trust, Inc.

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Violation of Laws. If the Property is not in material full compliance with Legal Requirements, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Rents and Security Agreement (Glimcher Realty Trust)

Violation of Laws. If the Property is not in material compliance with all Legal Requirements, Lender may reasonably impose additional requirements upon Borrower in connection herewith herewith, including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Horizon Group Properties Inc)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsApplicable Laws, Lender may impose additional requirements upon Borrower Owner in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Acuity Lighting (Acuity Brands Inc)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsRequirements after notice to Borrower and Borrower's failure to cure any non-compliance, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

Violation of Laws. If the Property is Is not in material In compliance with Legal Requirementsapplicable laws, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Netreit, Inc.

Violation of Laws. If the Property is not in material compliance with Legal RequirementsApplicable Laws, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalentsequivalents reasonably related to the non-compliance.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Violation of Laws. If the Property is not in material compliance with Legal RequirementsRequirements after notice to Borrower and Borrower's failure to cure any non-compliance, Lender may impose additional requirements upon Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.. 16 Section 7.10

Appears in 1 contract

Samples: Security Agreement and Fixture Filing

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose additional requirements upon Individual Borrower in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Mortgage and Security Agreement (BlueLinx Holdings Inc.)

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