Common use of Compliance with Permitted Exceptions Clause in Contracts

Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary for the development, use and sale of each applicable Lot and Unit. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 2 contracts

Samples: Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes)

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Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and UnitLots and/or Homes in the Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes)

Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and occupancy of each Approved Subdivision and the sale of each applicable Lot Units and UnitEligible Lots therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 2 contracts

Samples: Credit Loan Agreement (Crescent Operating Inc), Modification Agreement (Crescent Operating Inc)

Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and sale occupancy of each applicable Approved Subdivision and Lot and Unitthe sale of Units therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 1 contract

Samples: Credit Agreement (William Lyon Homes)

Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and UnitLots and/or Homes in the Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.. 42 Construction Loan Agreement

Appears in 1 contract

Samples: Construction Loan Agreement (William Lyon Homes)

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Compliance with Permitted Exceptions. Borrower will cause the Underlying Borrower to keep and maintain in full force and effect all restrictive covenants, development agreementsconditions and restrictions, easements and other agreements with Governmental Authorities and other Persons that are necessary for the development, use and sale of each applicable Lot and Unitthe Underlying Loan Collateral. Borrower will not default in any material respect under any such covenants, development agreementsconditions and restrictions, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 1 contract

Samples: Secured Revolving Credit Loan Agreement (Owens Realty Mortgage, Inc.)

Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and occupancy of each Approved Subdivision and A&D Project and the sale of each applicable Lot Units and UnitFinished Lots therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 1 contract

Samples: Loan Agreement (Udc Homes Inc)

Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and Unitthe Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

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