Common use of Permits; Governmental and Other Approvals Clause in Contracts

Permits; Governmental and Other Approvals. Borrower possesses such licenses and permits as are required for the conduct of its business. No approval, consent or authorization of any governmental authority which has not heretofore been obtained is necessary for the execution or delivery by Borrower of this Agreement or the other Loan Documents or for the performance by Borrower of any of the terms or conditions hereof or thereof.

Appears in 3 contracts

Samples: Loan Agreement (Roberts Realty Investors Inc), Construction Loan Agreement (Roberts Realty Investors Inc), Construction Loan Agreement (Roberts Realty Investors Inc)

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Permits; Governmental and Other Approvals. Borrower possesses and each Guarantor possess such licenses and permits as are required for the conduct of its businesstheir respective businesses. No approval, consent or authorization of any governmental authority which has not heretofore been obtained is necessary for the execution or delivery by Borrower or any Guarantor of this Agreement Agreement, the Guaranty or the other Loan Documents or for the performance by Borrower or any Guarantor of any of the terms or conditions hereof or thereof.

Appears in 1 contract

Samples: Loan Agreement (Roberts Realty Investors Inc)

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