Common use of Easements; Utilities and Public Access Clause in Contracts

Easements; Utilities and Public Access. All easements, cross easements, licenses, air rights and rights-of-way or other similar property interests (collectively, "EASEMENTS"), if any, necessary for the full utilization of the Improvements for their intended purposes have been obtained, are described in the applicable Title Insurance Policy and, to Borrower's best knowledge, are in full force and effect without default thereunder. Each Individual Property has rights of access 345 to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Individual Property for its intended uses. All public utilities necessary or convenient to the full use and enjoyment of each Individual Property are located in the public right-of-way abutting such Individual Property, and all such utilities are connected so as to serve such Individual Property without passing over other property absent a valid easement. All roads necessary for the use of each Individual Property for its current purpose have been completed and dedicated to public use and accepted by all Governmental Authorities.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Horizon Group Properties Inc)

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Easements; Utilities and Public Access. All Subject to Permitted Encumbrances, (a) all easements, cross easements, licenses, air rights and rights-of-way or other similar property interests (collectively, "EASEMENTS"“Easements”), if any, necessary for the full utilization of the Improvements for their intended purposes have been obtained, are described in the applicable Title Insurance Policy and, to Borrower's best knowledge, and are in full force and effect without default thereunder. Each Individual , (b) the Property has rights of access 345 to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Individual Property it for its intended uses. All , (c) all public utilities necessary or convenient to the full use and enjoyment of each Individual the Property are located in the public right-of-way abutting such Individual the Property, and all such utilities are connected so as to serve such Individual the Property without passing over other property absent a valid easement. All easement and (d) all roads necessary for the use of each Individual the Property for its current purpose have been completed and dedicated to public use and accepted by all Governmental Authorities.

Appears in 1 contract

Samples: Term Loan Agreement (New York City REIT, Inc.)

Easements; Utilities and Public Access. All easements, cross easements, licenses, air rights and rights-of-way or other similar property interests (collectively, "EASEMENTS"), if any, necessary for the full utilization of the Improvements for their intended purposes have been obtained, are described in the applicable Title Insurance Policy and, to Borrower's best knowledge, are in full force and effect without default thereunder. Each Individual Property has rights of access 345 to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Individual Property for its intended uses. All public utilities necessary or convenient to the full use and enjoyment of each Individual Property are located in the public right-of-way abutting such Individual Property, and all such utilities are connected so as to serve such Individual Property without passing over other property absent a valid easement. All roads necessary for the use of each Individual Property for its current purpose have been completed and dedicated to public use and accepted by all Governmental Authorities.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

Easements; Utilities and Public Access. All easements, cross easements, licenses, air rights and rights-of-way or other similar property interests (collectively, "EASEMENTS"“Easements”), if any, necessary for the full utilization of the Improvements for their intended purposes have been obtained, are described in the applicable Title Insurance Policy and, and to Borrower's best ’s knowledge, are in full force and effect without default thereunder. Each Individual Property has rights of access 345 to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Individual Property it for its intended uses. All To Borrower’s knowledge, all public utilities necessary or convenient to the full use and enjoyment of each Individual Property are located in the public right-of-way abutting such Individual Property, and all such utilities are connected so as to serve such each Individual Property without passing over other property absent a valid easement. All roads necessary for the use of each Individual Property for its current purpose have been completed and to Borrower’s knowledge, dedicated to public use and accepted by all Governmental Authorities.. 4.6

Appears in 1 contract

Samples: _______________________________________________________________ Loan Agreement (Strategic Realty Trust, Inc.)

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Easements; Utilities and Public Access. All easements, cross easements, licenses, air rights and rights-of-way or other similar property interests (collectively, "EASEMENTS"Table of Contents “Easements”), if any, necessary for the full utilization of the Improvements for their intended purposes have been obtained, are described in the applicable Title Insurance Policy and, to Borrower's best knowledge, and are in full force and effect without default thereunder. Each Individual The Property has rights of access 345 to public ways and is served by water, sewer, sanitary sewer and storm drain facilities adequate to service such Individual Property it for its intended uses. All Except as disclosed on the Survey, to Borrower’s knowledge, all public utilities necessary or convenient to the full use and enjoyment of each Individual the Property are located in the public right-of-way abutting such Individual the Property, and all such utilities are connected so as to serve such Individual the Property without passing over other property absent a valid easement. All roads necessary for the use of each Individual the Property for its current purpose have been completed and dedicated to public use and accepted by all Governmental Authorities.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

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