Common use of ASSESSMENT DISTRICTS Clause in Contracts

ASSESSMENT DISTRICTS. Borrower shall not voluntarily consent to or agree in writing to (i) any special assessment or (ii) the inclusion of any material portion of the Property into a special assessment district or other taxing jurisdiction unless Lender shall have consented thereto, which consent shall not be unreasonably withheld or delayed, or unless Borrower agrees to pay the cost thereof prior to the Maturity Date.

Appears in 2 contracts

Sources: Loan Agreement (Gta-Ib, LLC), Loan Agreement (Golf Trust of America Inc)