Common use of Zoning Reclassification Clause in Contracts

Zoning Reclassification. Without the prior written consent of Mezzanine Lender, initiate or permit the Senior Tier Mezzanine Borrower to consent to (a) any zoning reclassification of any portion of the Property, (b) seek any variance under any existing zoning ordinance that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, or (c) allowing any portion of the Property to be used in any manner that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation;

Appears in 1 contract

Samples: Junior Tier Mezzanine Loan and Security Agreement (Maguire Properties Inc)

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Zoning Reclassification. Without the prior written consent of Mezzanine Lender, initiate or permit the Senior Tier Mezzanine Borrower any party to consent to (a) any zoning reclassification of any portion of the PropertyCollateral, (b) seek any variance under any existing zoning ordinance that could result in the use of the Property Collateral becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, or (c) allowing any portion of the Property Collateral to be used in any manner that could result in the use of the Property Collateral becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation;

Appears in 1 contract

Samples: Loan and Security Agreement (CS Financing CORP)

Zoning Reclassification. Without the prior written consent of Mezzanine Lender, initiate or permit the Senior Tier Mezzanine Borrower to consent to (a) any zoning reclassification of any portion of the Property, (b) seek any variance under any existing zoning ordinance that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, or (c) allowing any portion of the Property to be used in any manner that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation;

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Maguire Properties Inc)

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Zoning Reclassification. Without the prior written consent of Mezzanine Lender, initiate or permit the Senior Tier Mezzanine Mortgage Borrower to consent to (a) initiate or consent to any zoning reclassification of any portion of the Property, (b) seek any variance under any existing zoning ordinance that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, or (c) allowing allow any portion of the Property to be used in any manner that could result in the use of the Property becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation;.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Digital Realty Trust, Inc.)

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