Common use of Covenants, Zoning, Codes, Permits and Consents Clause in Contracts

Covenants, Zoning, Codes, Permits and Consents. Borrower is familiar with and has complied with, or will comply with, all of the Laws and Regulations to be complied with in connection with the construction of the Development Work and the Homes related to each Project. Except as set forth in the Project Commitment applicable to each Project, all permits, licenses, consents, approvals or authorizations by, or registrations, declarations, withholding of objections or filings with any governmental body necessary in connection with the valid execution, delivery and performance of the Loan Documents, and any and all other documents executed in connection with any of the foregoing, necessary for the subdivision of the Land related to each such Project, necessary for the construction of the Development Work and the Homes related to each such Project, and necessary for the marketing and sale of the Homes related to each such Project, have been obtained or will be obtained on a timely basis and are or will be valid, adequate and in full force and effect. Construction of the Development Work and the Homes related to each such Project and the intended use thereof will in all respects conform to and comply with all Laws and Regulations, including without limitation all applicable zoning, subdivision, environmental protection, use and building codes, laws, regulations and ordinances.

Covenants, Zoning, Codes, Permits and Consents. Borrower is familiar with and has complied withcomplied, or will comply withon a timely basis, with all of the Laws and Regulations to be complied with in connection with the construction of the Development Work and the Homes related to each ProjectConstruction Improvements. Except as set forth in the Project Commitment applicable to each ProjectCommitment, all permits, licenses, consents, approvals or authorizations by, or registrations, declarations, withholding of objections or filings with any governmental body necessary in connection with the valid execution, delivery and performance of this Loan Agreement Supplement, the Loan Project Documents, and any and all other documents executed in connection with any of the foregoing, necessary for the subdivision of the Land related to each such ProjectLand, necessary for the construction of the Development Work and the Homes related to each such ProjectConstruction Improvements, and necessary for the marketing and sale of the Homes related to each such ProjectConstruction Improvements, have been obtained or will be obtained on a timely basis and are or and will be valid, adequate and in full force and effect. Construction of the Development Work and the Homes related to each such Project Construction Improvements and the intended use thereof will in all respects conform to and comply with all Laws and Regulations, including without limitation all applicable zoning, subdivision, environmental protection, use and building codes, laws, regulations and ordinances.