Permits Affecting Properties Clause Samples
The 'Permits Affecting Properties' clause defines the requirements and responsibilities related to obtaining, maintaining, or transferring permits, licenses, or approvals that impact the use or development of a property. It typically outlines which party is responsible for ensuring all necessary permits are in place, and may address what happens if a permit is delayed, denied, or revoked. This clause is essential for clarifying obligations and managing risks associated with regulatory compliance, ensuring that both parties understand their roles in securing the legal permissions needed for the property's intended use.
Permits Affecting Properties. The Trustor has obtained all licenses, operating bonds, permits, authorizations and approvals from all governments, governmental commissions, boards and other agencies required in respect of its present use of and operations on the Lands.
Permits Affecting Properties. The Borrower has obtained, as set forth on Schedule 5.10 attached hereto, all licenses, operating bonds (other than the reclamation bond required by the BLM), permits and approvals from all governments, governmental commissions, boards and other agencies required in respect to its present operations at the Project, but the Borrower does not warrant that those constitute all of the Material Project Permits that will be required for the Project. The Borrower has listed on Schedule 5.10 all Material Project Permits. Copies of all such Material Project Permits have been made available to the Lender and are full, complete and current copies of same.
Permits Affecting Properties. Grantors have obtained all licenses, operating bonds, reclamation bonds, permits, authorizations and approvals from all governments, governmental commissions, boards and other agencies required in respect of their present use of and operations on the Lands.