Common use of Condition of Improvements Clause in Contracts

Condition of Improvements. The Property has not been damaged by fire, water, wind or other cause of loss, and any previous damage to the Property has been fully restored. The Improvements are structurally sound, in good repair and free of defects in materials and workmanship and have been constructed and installed in substantial compliance with the plans and specifications relating thereto. All major building systems located within the Improvements, including, without limitation, any heating and air conditioning systems and the electrical and plumbing systems, are in good working order and condition.

Appears in 3 contracts

Samples: Debt and Security Agreement (Sun Communities Inc), Secure Debt and Security Agreement (Sun Communities Inc), Sun Communities Inc

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Condition of Improvements. The Property has not been damaged by fire, water, wind or other cause of loss, and loss or any previous damage to the Property has been fully restored. The Improvements are structurally sound, in good repair and free of defects in materials and workmanship and have been constructed and installed in substantial compliance with the plans and specifications relating thereto. All major building systems located within the Improvements, including, without limitation, any the heating and air conditioning systems and the electrical and plumbing systems, are in good working order and condition.

Appears in 2 contracts

Samples: And Security Agreement (Gsi Commerce Inc), Deed of Trust and Security Agreement (Inland Diversified Real Estate Trust, Inc.)

Condition of Improvements. The Property has not been damaged by fire, water, wind or other cause of loss, and any previous damage loss since the earlier to occur of the initial visit to or inspection of the Property has been fully restoredby Lender or its agents in connection with the Loan. The Improvements are structurally sound, in good repair and free of defects in materials and workmanship and have been constructed and installed in substantial compliance with the plans and specifications relating thereto. All major building systems located within the Improvements, including, without limitation, any the heating and air conditioning systems and the electrical and plumbing systems, are in good working order and condition.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

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Condition of Improvements. The Property has not been damaged by fire, water, wind or other cause of loss, loss and any previous damage to the Property has been fully restored. The To Borrower’s knowledge, the Improvements are structurally sound, in good repair and free of defects in materials and workmanship and have been constructed and installed in substantial compliance with the plans and specifications relating thereto. All To Borrower’s knowledge, all major building systems located within the Improvements, including, without limitation, any the heating and air conditioning systems and the electrical and plumbing systems, are in good working order and condition.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Cornerstone Core Properties REIT, Inc.)

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