Common use of Boundaries Clause in Contracts

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 15 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Maguire Properties Inc), Loan Agreement (Gladstone Commercial Corp)

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Boundaries. (a) None of the Improvements which were included in determining the appraised value of the each Individual Property lie outside the boundaries and building restriction lines of the related Property to any material extent, and (b) no improvements on adjoining properties encroach upon the any Individual Property and no easements or other encumbrances upon the any Individual Property encroach upon any of the Improvements so as to materially affect the value or marketability of the any Individual Property.

Appears in 3 contracts

Samples: Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.)

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of the such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such Individual Property and no easements or other encumbrances upon the such Individual Property encroach upon any of the Improvements so as to materially affect the value or marketability of the such Individual Property.

Appears in 2 contracts

Samples: Loan Agreement (Capital Lodging), Mezzanine Loan Agreement (Capital Lodging)

Boundaries. (a) None of the Improvements improvements which were included in determining the appraised value of the such Eligible Property lie outside the boundaries and building restriction lines of the such Eligible Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such Eligible Property and no easements or other encumbrances upon the such Eligible Property encroach upon any of the Improvements improvements so as to materially affect the value or marketability of the Eligible Property.

Appears in 2 contracts

Samples: Credit Agreement (Amerco /Nv/), Credit Agreement (U Haul International Inc)

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 2 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

Boundaries. Except as set forth in the survey described in Section 3.2(c), (a) None none of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 1 contract

Samples: Loan Agreement (FSP 50 South Tenth Street Corp)

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the Property Individual Properties lie outside the boundaries and building restriction lines of the Property Individual Properties to any material extent, and (b) no improvements on adjoining properties encroach upon the Property Individual Properties and no easements or other encumbrances upon the Property Individual Properties encroach upon any of the Improvements so as to materially affect the value or marketability of the PropertyIndividual Properties.

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

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Boundaries. (a) None To the best of Borrower’s knowledge, none of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the Property to any material extent, and (b) no improvements on adjoining properties encroach upon the Property and no easements or other encumbrances upon the Property encroach upon any of the Improvements so as to materially affect the value or marketability of the Property.

Appears in 1 contract

Samples: Loan Agreement (Sothebys)

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the each Individual Property lie outside the boundaries and building restriction lines of the each Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the any Individual Property and no easements or other encumbrances upon the any Individual Property encroach upon any of the Improvements so as to materially affect the value or marketability of such Individual Property, except in the Propertycase of (a) and (b), those which are insured against by the applicable Title Insurance Policy.

Appears in 1 contract

Samples: Mortgage Loan Agreement (Ashford Hospitality Trust Inc)

Boundaries. (a) None Except as disclosed in any survey provided pursuant to Section 3.2(c) hereof, none of the Improvements which were included in determining the appraised value of the any Property lie outside the boundaries and building restriction lines of the any Property to any material extent, and (b) no improvements on adjoining properties encroach upon the any Property and no easements or other encumbrances upon the any Property encroach upon any of the Improvements so as to materially affect the value or marketability of the any Property.

Appears in 1 contract

Samples: Loan Agreement (RFS Partnership Lp)

Boundaries. (a) None of the Improvements which were included in determining the appraised value of the Property lie outside the boundaries and building restriction lines of the related Individual Property to any material extentextent except as affirmatively insured by the Title Insurance Policy, and (b) no improvements on adjoining properties materially encroach upon the any Individual Property and no easements or other encumbrances upon the any Individual Property encroach upon any of the Improvements so as to materially affect the value or marketability of the related Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust, Inc.)

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