Common use of Access/Utilities Clause in Contracts

Access/Utilities. The Mortgaged Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities, in each case for its current use and operation. All public utilities necessary to the continued use and enjoyment of the Mortgaged Property as presently used and enjoyed are located in the public right-of-way abutting the Mortgaged Property, and all such utilities are connected so as to serve the Mortgaged Property without passing over other property. All roads necessary for the full utilization of the Mortgaged Property for its current purpose have been completed and dedicated to public use and accepted by all governmental authorities or are the subject of access easements for the benefit of the Mortgaged Property.

Appears in 1 contract

Samples: Rents and Security Agreement (Charming Shoppes Inc)

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Access/Utilities. The Mortgaged Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities, in each case for its current use and operation. All public utilities necessary to the continued use and enjoyment of the Mortgaged Property as presently used and enjoyed are located in the public right-of-way abutting the Mortgaged Property, or enter the Property via permanent easements not subject to termination except with the consent of Borrower, and all such utilities are connected so as to serve the Mortgaged Property without passing over other property. All roads roads, and access to such roads, necessary for the full utilization of the Mortgaged Property for its current purpose have been completed and dedicated to public use and accepted by all governmental authorities or are the subject of access easements for the benefit of the Mortgaged PropertyProperty without any further condition or cost to Borrower.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

Access/Utilities. The Mortgaged Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities, in each case for its current use and operation. All public utilities necessary to the continued use and enjoyment of the Mortgaged Property as presently used and enjoyed are located in the public right-of-way abutting the Mortgaged Property or irrevocable easements serving the Property, and all such utilities are connected so as to serve the Mortgaged Property without passing over other propertyproperty (other than an irrevocable easement serving the Property). All roads roads, and access to such roads, necessary for the full utilization of the Mortgaged Property for its current purpose have been completed and dedicated to public use and accepted by all governmental authorities or are the subject of access easements for the benefit of the Mortgaged PropertyProperty without any further condition or cost to Mortgagor or Tenants.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Corporate Property Associates 16 Global Inc)

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Access/Utilities. The Mortgaged Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities, in each case for its current use and operation. All public utilities necessary to the continued use and enjoyment of the Mortgaged Property as presently used and enjoyed are located in the public right-of-way abutting the Mortgaged Property, and all such utilities are connected so as to serve the Mortgaged Property without passing over other property, other than by means of irrevocable easements set forth on the title report and survey delivered to Lender. All roads roads, and access to such roads, necessary for the full utilization of the Mortgaged Property for its current purpose have been completed and dedicated to public use and accepted by all governmental authorities or are the subject of access easements for the benefit of the Mortgaged PropertyProperty without any further condition or cost to Borrower or Tenant.

Appears in 1 contract

Samples: And Security Agreement (Gsi Commerce Inc)

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