Common use of Boundary Lines Clause in Contracts

Boundary Lines. All of the material Improvements which -------------- were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property except to the extent such Improvements may encroach upon an adjoining Individual Property, and no improvements on adjoining properties, other than an adjoining Individual Property, encroach materially upon any Individual Property, and no easements or other encumbrances upon an Individual Property encroach materially upon any of the Improvements, so as to affect the value or marketability of any Individual Property, except those which are insured against by the Title Insurance Policies. All of the Improvements comply with all material requirements of any applicable zoning and subdivision laws and ordinances.

Appears in 3 contracts

Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)

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Boundary Lines. All of the material Improvements which were -------------- were included in determining the appraised value of each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property except to the extent such Improvements may encroach upon an adjoining Individual Property, and no improvements on adjoining properties, other than an adjoining Individual Property, encroach materially upon any Individual Property, and no easements or other encumbrances upon an Individual Property encroach materially upon any of the Improvements, so as to affect the value or marketability of any Individual Property, except those which are insured against by the Title Insurance Policies. All of the Improvements comply with all material requirements of any applicable zoning and subdivision laws and ordinances.

Appears in 1 contract

Samples: Loan Agreement (Capital Automotive Reit)

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