Common use of Completion; Encroachment Clause in Contracts

Completion; Encroachment. All Improvements necessary for the efficient use and operation of the Projects have been completed and, except as shown on the surveys, none of said Improvements lie outside the boundaries and building restriction lines applicable to any Project. Except as set forth in each title insurance policy insuring the lien of each Mortgage, no improvements on adjoining properties encroach upon any Project.

Appears in 2 contracts

Sources: Loan Agreement (Mack Cali Realty Corp), Loan Agreement (Mack Cali Realty L P)

Completion; Encroachment. All Improvements necessary for the efficient use and operation of the Projects Projects, including, without limitation, all Improvements which were included for purposes of determining the appraised value of each Project in the Appraisal(s), have been completed and, except as shown on the surveys, none of said Improvements lie outside the boundaries and building restriction lines applicable to any Project. Except as set forth in each title insurance policy insuring the lien of each Mortgage, no improvements on adjoining properties encroach upon any Project.

Appears in 1 contract

Sources: Loan Agreement (Mack Cali Realty Corp)