Common use of Compliance with Existing Laws Clause in Contracts

Compliance with Existing Laws. Transferor possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. Transferor has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and Transferor has no knowledge of any change in the circumstances under which any of those Authorizations were obtained that result in their termination, suspension, modification or limitation. Transferor has not taken any action (or failed to take any action), the omission of which would result in the revocation of any of the Authorizations. Transferor has no knowledge, nor has it received notice within the past three years, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.

Compliance with Existing Laws. Transferor Seller possesses all Authorizations, each of which is valid and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated. Transferor Seller has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and Transferor Seller has no knowledge of any change in the circumstances under which any of those Authorizations were obtained that result in their termination, suspension, modification or limitation. Transferor Seller has not taken any action (or failed to take any action), the omission of which would result in the revocation of any of the Authorizations. Transferor Seller has no knowledge, nor has it received notice within the past three years, of any existing or threatened violation of any provision of any applicable building, zoning, subdivision, environmental or other governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereofEffective Date.