Common use of Certificate of Occupancy; Licenses Clause in Contracts

Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of each Individual Property as currently operated (collectively, the “Licenses”), have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operated. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 3 contracts

Samples: Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust)

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Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of each Individual Property as currently operated (collectively, the “Licenses”"LICENSES"), have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operated. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 3 contracts

Samples: Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust)

Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including including, without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of each Individual Property as currently operated (collectivelythe Assets, the “Licenses”)whether temporary or permanent, have been obtained and are in full force and effect. Borrower shall keep and maintain maintain, or cause to be kept and maintained, all certifications, permits, licenses and approvals necessary for the operation of each Individual Property as currently operated. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual PropertyAssets.

Appears in 2 contracts

Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)

Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits and any applicable liquor licenses required for the legal use, occupancy and operation of each Individual the Property as currently operated (collectively, the "Licenses"), have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operatedthe Property. The use uses being made of each Individual Property is in conformity with respective Parcel conform to the certificate of occupancy issued for such Individual Propertythat Parcel.

Appears in 2 contracts

Samples: Loan Agreement (Banyan Strategic Realty Trust), Loan Agreement (Banyan Strategic Realty Trust)

Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including including, without limitation, certificates of completion or occupancy and occupancy permits any applicable liquor license required for the legal use, occupancy and operation of each Individual Property as currently operated (collectively, for the “Licenses”)purpose intended herein, have been obtained and are valid and in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operatedfor the purpose intended herein. The use being made of each Individual Property is in conformity with the certificate of occupancy and any permits or licenses issued for such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Capital Lodging)

Certificate of Occupancy; Licenses. All To Borrowers' knowledge, all certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits and any applicable liquor licenses required for the legal use, occupancy and operation of each Individual Property as currently operated the Properties (collectively, the “Licenses”"LICENSES"), have been obtained and are in full force and effect. Borrower Borrowers shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operatedthe Properties. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

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Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including including, without limitation, certificates of completion or occupancy and occupancy permits any applicable liquor license required for the legal use, occupancy and operation of each Individual the Property as currently operated (collectively, for the “Licenses”)purpose intended herein, have been obtained and are valid and in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual the Property as currently operatedfor the purpose intended herein. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Loan Agreement (Acadia Realty Trust)

Certificate of Occupancy; Licenses. All Except as provided for in the advance conditions hereunder, all certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits (temporary or permanent), required for the legal use, occupancy and operation of each Individual Property the Properties for their intended use as currently operated self storage facilities (collectively, the “Licenses”), "LICENSES") have been obtained and are in full force and effect. Borrower shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operatedLicenses in full force and effect. The use being made of each Individual the Property is in conformity with the any applicable certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Loan Agreement (Shurgard Storage Centers Inc)

Certificate of Occupancy; Licenses. All certifications, permits, licenses and approvals, including including, without limitation, certificates of completion or occupancy and occupancy permits any applicable liquor license required for the legal use, occupancy and operation of each Individual Property as currently operated (collectively, for the “Licenses”)purpose intended herein, have been obtained and are valid and in full force and effect. Borrower and Affiliated Lessee, as applicable, shall keep and maintain all licenses necessary for the operation of each Individual Property as currently operatedfor the purpose intended herein. The use being made of each Individual Property is in conformity with the certificate of occupancy and any permits or licenses issued for such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (RFS Partnership Lp)

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