Common use of Code Violations Clause in Contracts

Code Violations. Borrower hereby covenants and agrees that on or before the date that is four (4) months following the Effective Date (unless otherwise extended by Lender in its reasonable discretion), Borrower shall have delivered evidence reasonably acceptable to Lender that Borrower has remedied the fire code violations at the Property as described in that certain Zoning Analysis Report dated July 1, 2026, issued by AEI Consultants, as Project No. 531369.

Appears in 1 contract

Sources: Loan Agreement (Stewards, Inc.)

Code Violations. Borrower hereby covenants and agrees that on or before the date that is four (4) months following the Effective Date (unless otherwise extended by Lender in its reasonable discretion), Borrower shall have delivered delivered, or caused Mortgage Borrower to deliver, evidence reasonably acceptable to Lender that Borrower has remedied the fire code violations at the Property as described in that certain Zoning Analysis Report dated July 1, 2026, issued by AEI Consultants, as Project No. 531369.

Appears in 1 contract

Sources: Mezzanine Loan Agreement (Stewards, Inc.)