Change in Use. Borrower will use and permit the use of the Property for the Permitted Use and for no other purpose.
Change in Use. The Recipient reasonably expects to use all Project Funds and the Project for the entire stated term to maturity of the Obligation. Absent an opinion of Nationally-Recognized Bond Counsel to the effect that such use of Project Funds will not adversely affect the exclusion from federal gross income of interest on the Bonds pursuant to Section 103 of the Code, the Recipient will use the property financed or refinanced with Project Funds solely as set forth in the Agreement.
Change in Use. The Intending LESSEE shall not change the use of the Schedule Property or the buildings thereon for any purpose other than the one prescribed in the Agreement to Lease, either fully or partly without the prior permission of the LESSOR in writing and without payment of prescribed additional Lease Premium and other charges as may be determined by the LESSOR from time to time.
Change in Use. No material change in the use of a Mortgaged Property may be permitted, unless required by applicable law or permitted in the related Mortgage Documents, if the change would have a material adverse impact on the net operating income of the Mortgaged Property.
Change in Use. The Developer shall not, for the duration of the Restriction Period, change the use of the Buildings or any material portion thereof from that set forth in the Proposal, the Approvals, and Section 7.01 of this Agreement, except in accordance with the provisions of this Section. In the event that at any time during the Restriction Period the Developer is unable to economically maintain one or more of the elements of the Project in the use required by the Proposal, the Approvals and this Agreement, for good and substantial cause(s), the Developer may request approval by the Select Board of a change in use by presenting to the Select Board evidence of such good and substantial cause(s) for the proposed change together with a concept plan showing the proposed change. No such change shall be made without the approval by the Select Board of such cause, such proposed change in use, and such concept plan. If the Select Board so approves, the Developer shall proceed to obtain approvals for such change under the applicable provisions of the Zoning By-law, if necessary. If the Select Board notifies the Developer in writing, within sixty (60) days after its receipt of such information from the Developer, of its objection to the reasons proffered for the proposed change or the concept plan or the proposed change in use, specifying the grounds for such objection, the Developer shall submit additional evidence relative to the cause and/or a revised concept plan accordingly, and the Select Board shall have an additional thirty (30) days to approve or disapprove the cause for the proposed change in use and/or the revised concept plan. In the event the Developer shall fail to comply with the foregoing requirement, the Town may within thirty (30) days of its discovery thereof, direct in writing that the Developer cease such use which has not been approved by the Select Board pursuant to this Section, and the Developer shall promptly comply with such a directive at its sole cost and expense. Approvals hereunder shall be at the discretion of the Select Board and there shall be no deemed approvals for purposes of this Section. This restriction shall be set forth in the Deed.
Change in Use. Grantor will use and permit the use of the Property for the Permitted Use and for no other purpose.
Change in Use. The Borrower shall not cause any change in use of the Project that would not satisfy the requirements of Section 1.150-4 of the Regulations (or a successor Regulation or similar) without an Approving Opinion of Bond Counsel.
Change in Use. Lessor shall not unreasonably withhold or delay a request made by Lessee for a Change in Use, provided that such proposed Change in Use (i) is consistent with Lessor approved zoning and (ii) is likely to render the Premises more valuable than the Permitted Use. Lessor shall cause the Parcel for which such Change in Use is requested to be promptly reappraised to determine the then full value of the Parcel. Lessee shall be entitled to obtain, at Lessee's cost, and submit to the Lessor an appraisal, for Lessor's review and consideration for these purposes, from an independent qualified appraiser previously approved by Lessor. The proposed use of underground storage tanks or other environmentally hazardous activities shall be considered reasonable grounds to withhold approval of a Change in Use.
Change in Use. If the Provider wishes to change the use of a Funded Property from that permitted under clause 10.1 of this Agreement or from that previously approved by the Housing Agency it may do so only with the written approval of the Housing Agency.
