Common use of Condemnation and Moratoria Clause in Contracts

Condemnation and Moratoria. Except as set forth at Schedule 5.15, to the Actual Knowledge of each of the Contributing Parties, there are (i) no pending or threatened condemnation or eminent domain proceedings, or negotiations for purchase in lieu of condemnation, which affect or would affect any portion of the Property; (ii) no pending or threatened moratoria on utility or public sewer hook-ups or the issuance of permits, licenses or other inspections or approvals necessary in connection with the construction or reconstruction of Improvements, including without limitation tenant Improvements, which affect or would affect any portion of the Property; and (iii) no pending or threatened proceeding to change adversely the existing zoning classification as to any portion of the Property. No portion of the Property is a designated historic property or located within a designated historic area or district, and to the Actual Knowledge of each of the Contributing Parties, there are no graveyards or burial grounds located within the Property. BNP shall be entitled to all compensation received from any governmental authority relating to the proceedings or negotiations described at Schedule 5.15.

Appears in 4 contracts

Samples: Exchange Agreement (BNP Residential Properties Inc), Exchange Agreement (BNP Residential Properties Inc), Exchange Agreement (BNP Residential Properties Inc)

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Condemnation and Moratoria. Except as set forth at Schedule 5.15on SCHEDULE 6.11, to the Actual Knowledge best knowledge of each of the Contributing PartiesContributors, there are (i) no pending or threatened condemnation or eminent domain proceedings, or negotiations for purchase in lieu of condemnation, which affect or would affect any portion of any of the PropertyProperties; (ii) no pending or threatened moratoria on utility or public sewer hook-ups or the issuance of permits, licenses or other inspections or approvals necessary in connection with the construction or reconstruction of Improvementsimprovements, including without limitation tenant Improvementsimprovements, which affect or would affect any portion of any of the PropertyProperties; and (iii) no pending or threatened proceeding to change adversely the existing zoning classification as to any portion of any of the PropertyProperties. No portion of any of the Property Properties is a designated historic property or located within a designated historic area or district, and to the Actual Knowledge best knowledge of each of the Contributing PartiesContributors, there are no graveyards or burial grounds located within any of the PropertyProperties. BNP Carolina shall be entitled to all compensation received from any governmental authority relating to the proceedings or negotiations described at Schedule 5.15on SCHEDULE 6.11.

Appears in 1 contract

Samples: Master Agreement (Fac Realty Trust Inc)

Condemnation and Moratoria. Except as set forth at on Schedule 5.156.11, to the Actual Knowledge best knowledge of each of the Contributing PartiesContributors, there are (i) no pending or threatened condemnation or eminent domain proceedings, or negotiations for purchase in lieu of condemnation, which affect or would affect any portion of any of the PropertyProperties; (ii) no pending or threatened moratoria on utility or public sewer hook-ups or the issuance of permits, licenses or other inspections or approvals necessary in connection with the construction or reconstruction of Improvementsimprovements, including without limitation tenant Improvementsimprovements, which affect or would affect any portion of any of the PropertyProperties; and (iii) no pending or threatened proceeding to change adversely the existing zoning classification as to any portion of any of the PropertyProperties. No portion of any of the Property Properties is a designated historic property or located within a designated historic area or district, and to the Actual Knowledge best knowledge of each of the Contributing PartiesContributors, there are no graveyards or burial grounds located within any of the PropertyProperties. BNP The Operating Partnership shall be entitled to all compensation received from any governmental authority relating to the proceedings or negotiations described at on Schedule 5.156.11.

Appears in 1 contract

Samples: Master Agreement (Fac Realty Trust Inc)

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Condemnation and Moratoria. Except as set forth at Schedule 5.15SCHEDULE 6.11, to the Actual Knowledge actual knowledge of each of the Contributing PartiesContributors, there are (i) no pending or threatened condemnation or eminent domain proceedings, or negotiations for purchase in lieu of condemnation, which affect or would affect any portion of any of the PropertyProperties; (ii) no pending or threatened moratoria on utility or public sewer hook-ups or the issuance of permits, licenses or other inspections or approvals necessary in connection with the construction or reconstruction of Improvementsimprovements, including without limitation tenant Improvementsimprovements, which affect or would affect any portion of any of the PropertyProperties; and (iii) no pending or threatened proceeding to change adversely the existing zoning classification as to any portion of any of the PropertyProperties. No portion of any of the Property Properties is a designated historic property or located within a designated historic area or district, and to the Actual Knowledge actual knowledge of each of the Contributing PartiesContributors, there are no graveyards or burial grounds located within any of the PropertyProperties. BNP Boddie-Noell shall be entitled to all compensation received from any governmental anx xxxxxxxxxxal authority relating to the proceedings or negotiations described at Schedule 5.15SCHEDULE 6.11.

Appears in 1 contract

Samples: Master Agreement (Boddie Noell Properties Inc)

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