Common use of Compliance with Existing Laws Clause in Contracts

Compliance with Existing Laws. The Contributor and Marriott possess all Authorizations, except where the failure to have such Authorizations would not have a Contributor Material Adverse Effect, 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 in any material respect. The Contributor has neither misrepresented nor failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there has been no change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Contributor has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor 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. The Contributor and Marriott possess all Authorizations, except where the failure to have such Authorizations would not have a Contributor Material Adverse Effect, 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 in any material respect. The Contributor has neither misrepresented nor failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there has been no change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Contributor has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor 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.not

Compliance with Existing Laws. The Contributor and Marriott possess all Authorizations, except where the failure to have such Authorizations would not have a Contributor Material Adverse Effect, 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 in any material respect. The Contributor has neither misrepresented nor failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there has been no change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Contributor has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor 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. The Contributor and Marriott possess Borrower possesses all Authorizations, except where the failure to have such Authorizations would not have a Contributor Material Adverse Effect, 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 in any violated, except where the failure to possess such Authorizations would not have a material respectadverse effect on the operations of the Property. The Contributor Borrower has neither not misrepresented nor or failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there Xxxxxxxx has been 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. The Contributor Xxxxxxxx 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. Borrower has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor it received notice within the past three years, of any material 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 material repairs or alterations other than those that have been made prior to the date hereofhereof which might have a material adverse effect on the ownership or operation of the Property.

Compliance with Existing Laws. The Contributor and Marriott possess all Authorizations, except where To the failure knowledge of the Seller (i) to have such Authorizations the extent that not possessing the following would not have cause a Contributor Material Adverse Effect, the Seller possesses all Authorizations, each of which is valid valid, unexpired, unconditional, and in full force and effect, and no provision, condition or limitation of any of the Authorizations has been breached or violated in any material respect. The Contributor which breach or violation would cause a Material Adverse Effect; and (ii) the Seller has neither not misrepresented nor or failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there the Seller has been no knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Contributor Seller has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor 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 Hotel Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof. The Seller has received no notice, and has no actual knowledge, that it lacks any Authorizations necessary for the present use and occupancy of the Improvements.

Compliance with Existing Laws. The Contributor and Marriott possess Borrower possesses all Authorizations, except where the failure to have such Authorizations would not have a Contributor Material Adverse Effect, 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 in any violated, except where the failure to possess such Authorizations would not have a material respectadverse effect on the operations of the Property. The Contributor Borrower has neither not misrepresented nor or failed to disclose any material relevant fact in obtaining all Authorizations, and to Contributor's Knowledge there Borrower has been 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. The Contributor Borrower 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. Borrower has no knowledge, nor has Contributor received notice since January 1, 1996, nor to the best of Jack X. XxXxxx'x xxxwledge has the Contributor it received notice within the past three years, of any material 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 material repairs or alterations other than those that have been made prior to the date hereofhereof which might have a material adverse effect on the ownership or operation of the Property.