Common use of Zoning and Private Covenants Clause in Contracts

Zoning and Private Covenants. Grantor will not initiate, join in, or consent to any change in any zoning ordinance or classification, any change in the “zone lot” or “zone lots” (or similar zoning unit or units) presently comprising the Property, any transfer of development rights, any change in any private restrictive covenant, or any change in any other public or private restriction limiting or defining the uses which may be made of the Property or any part thereof, without the prior written consent of Grantee. If under applicable zoning provisions the use of all or any part of the Property is or becomes a nonconforming use, Grantor will not cause such use to be discontinued or abandoned without the prior written consent of Grantee, and Grantor will use its best efforts to prevent the tenant under any Lease from discontinuing or abandoning such use.

Appears in 2 contracts

Samples: Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.), Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.)

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Zoning and Private Covenants. Grantor will not initiate, join in, or consent to any change in any zoning ordinance or classification, any change in the “zone lot” or “zone lots” (or similar zoning unit or units) presently comprising the Property, any transfer of development rights, any change in any private restrictive covenant, or any change in any other public or private restriction limiting or defining the uses which may be made of the Property or any part thereof, without the prior written consent of GranteeBeneficiary. If under applicable zoning provisions the use of all or any part of the Property is or becomes a nonconforming use, Grantor will not cause such use to be discontinued or abandoned without the prior written consent of GranteeBeneficiary, and Grantor will use its best commercially reasonable efforts to prevent the tenant under any Lease from discontinuing or abandoning such use.

Appears in 2 contracts

Samples: Griffin Capital Essential Asset REIT II, Inc., Griffin Capital Essential Asset REIT II, Inc.

Zoning and Private Covenants. Grantor will not initiate, join in, or consent to any change in any zoning ordinance or classification, any change in the “zone lot” or “zone lots” (or similar zoning unit or units) presently comprising the Property, any transfer of development rights, any change in any private restrictive covenant, or any change in any other public or private restriction limiting or defining the uses which may be made of the Property or any part thereof, without the prior express written consent of GranteeBeneficiary. If under applicable zoning provisions the use of all or any part of the Property is or becomes a nonconforming use, Grantor will not cause such use to be discontinued or abandoned without the prior express written consent of Grantee, and Grantor will use its best efforts to prevent the tenant under any Lease from discontinuing or abandoning such useBeneficiary.

Appears in 1 contract

Samples: Trust, Security Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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Zoning and Private Covenants. Grantor will not initiate, join in, in or consent to any change in any zoning ordinance or classification, any change in the "zone lot" or "zone lots" (or similar zoning unit or units) presently comprising the Property, any transfer of development rights, any change in any private restrictive covenant, or any change in any other public or private restriction limiting or defining the uses which that may be made of the Property or any part thereof, without the prior express written consent of GranteeBeneficiary. If under applicable zoning provisions the use of all or any part of the Property is or becomes a nonconforming use, Grantor will not cause or permit such use to be discontinued or abandoned without the prior express written consent of Grantee, and Grantor will use its best efforts to prevent the tenant under any Lease from discontinuing or abandoning such useBeneficiary.

Appears in 1 contract

Samples: After Recording (Electronic Fab Technology Corp)

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