Historic Status Sample Clauses
The Historic Status clause defines whether a property or asset is recognized as having historical significance under relevant laws or regulations. Typically, this clause outlines if the property is listed on a historic register, subject to preservation requirements, or protected from certain types of alterations or demolitions. Its core function is to inform parties of any restrictions or obligations tied to the property's historic designation, thereby ensuring compliance and preventing legal or financial issues related to unauthorized changes.
Historic Status. The Building is not a historic structure or landmark and neither the Building or the Mortgaged Property is located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. The Collateral Property is not located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. To the Borrower's knowledge, the Buildings are not historic structures or landmarks, and the Mortgaged Properties are not within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. No Building is a historic structure or landmark, and no Real Property is within any historic district pursuant to any federal, state or local law or governmental regulations.
Historic Status. No Building is a historic structure or landmark, and no Property is within any historic district pursuant to any federal, state or local law or governmental regulations.
Historic Status. No Building comprising such Collateral Pool Property is a historic structure or landmark and no Building or such Collateral Pool Property is located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. No Building comprising such Collateral Property is a historic structure or landmark and no Building or such Collateral Property is located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. No Building is a historic structure or landmark and no Building or Mortgaged Property or Mezzanine Property is located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. The Mortgaged Property is not located within any historic district pursuant to any federal, state or local law or governmental regulation.
Historic Status. No Building comprising or located on such Pool Property, to the Credit Parties’ knowledge, is a historic structure or landmark and no Building or Pool Property is located within any historic district pursuant to any federal, state or local law or governmental regulation.