BUILDING CODE VIOLATIONS Sample Clauses

BUILDING CODE VIOLATIONS. The Tenant acknowledges that the Landlord has disclosed any existing building code violations that affect the dwelling and may present a threat to the Tenant’s health or safety. This is to meet the requirements presented in § 134.04(2) of the Wisconsin State Legislature.

BUILDING CODE VIOLATIONS. To the extent that the Property is subject to building code violations (the “Code Violations”), Sellers agree that prior to the Closing they will pay all accrued fines and penalties with respect to the Code Violations and any new building code violations that occur between the date of this Agreement and the Closing Date (but not including any new building code violations arising from the acts or omissions of the Occupancy Tenants). In addition, Sellers agree that they will use commercially reasonable efforts to correct each of the Code Violations and cause the applicable governmental authority(ies) to issue the appropriate notice(s) of correction so that all of the Code Violations are corrected and closed out prior to the Closing Date. If Sellers are unable to correct the violations and close out such violation prior to the Closing, then Sellers shall provide Buyer with a credit, at Closing, against the Purchase Price in an amount equal to the sum of (i) the estimated costs to perform the work necessary to correct and close out any remaining Code Violations, including, without limitation, the reasonable estimated costs of a permit consultant to assist Buyer with correcting and closing out any remaining violations, all as reasonably determined by Buyer and Sellers, and (ii) the amount of any penalties and fines that are anticipated to accrue from and after the Closing Date until such time as any remaining violations are anticipated to be corrected and closed out, all as reasonably determined by Buyer and Sellers (the “Code Credit”).

BUILDING CODE VIOLATIONS. Except as may be disclosed in Item 6.22 of the Disclosure Schedule, the Borrower represents that it has received no written notice from any Governmental Instrumentality of any material building or other similar violation with respect to the Property or the Improvements thereon and the Borrower does not otherwise have actual Knowledge that there are no such violations, other than violations either first occurring after the Effective Date.

BUILDING CODE VIOLATIONS. That, if there are any building code violations in the Premises, on the exterior of the Building or any portion of the Centre not leased to the Tenant, which violations would affect the Tenant's receipt of any necessary approvals for the Tenant's Work or any other work which the Tenant is permitted to perform hereunder or which would prevent the Tenant from obtaining an occupancy certificate upon completion of the Tenant's Work or such other work, or which would at any time prevent or hinder the Tenant's business operations from the Premises (if any), the Landlord will promptly commence the removal of such violations and proceed to diligently complete such removal of violations within a reasonable time and, if the Landlord shall fail to remove the violations or commence to diligently remove them within 30 days after notice from the Tenant (or the time limit provided by the relevant governmental authority, whichever shall be the lesser), then the Tenant shall have the right to perform any and all work necessary to remove such violations and the Landlord shall pay all costs associated with such removal.