Common use of Restrictions and Annexation Clause in Contracts

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, or consent to the annexation of the Property to any city without the prior written consent of Lender.

Appears in 3 contracts

Samples: Master Construction Loan Agreement, Master Construction Loan Agreement (Wilson Holdings, Inc.), Agreement (Introgen Therapeutics Inc)

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Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements covenants or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, Property or consent to the annexation of the Property to any city without the prior written consent of LenderBank, such consent not to be unreasonably withheld, conditioned or delayed, and Bank hereby agrees that upon reasonable request by Borrower it shall evidence such consent in a written instrument reasonably satisfactory to both Bank and Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Innovative Food Holdings Inc), Loan Agreement (Innovative Food Holdings Inc), Loan Agreement (Innovative Food Holdings Inc)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements covenants or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, Property or consent to the annexation of the Property to any city without the prior written consent of Lender.

Appears in 2 contracts

Samples: Construction Loan Agreement (Micropac Industries Inc), Construction Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

Restrictions and Annexation. Other than the Permitted Exceptions, Borrower shall not impose any restrictive covenants, easements or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, or consent to the annexation of the Property to any city without the prior written consent of Lender, which shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Acquisition and Construction Loan Agreement (Mego Financial Corp), Loan Agreement (Mego Financial Corp)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements easements, sharing agreements or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, or consent to the annexation of any assessments burdening the Property to any city without the prior written consent of Lender.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

Restrictions and Annexation. Other than the Permitted Exceptions, Borrower shall not impose any restrictive covenants, easements or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, or consent to the annexation of the Property to any city without the prior written consent of Lender, which shall not be unreasonably withheld.

Appears in 1 contract

Samples: Construction Loan Agreement (Silverleaf Resorts Inc)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements or other encumbrances upon the Property, or execute or file any subdivision plat affecting the PropertyProperty which is not contemplated by the Loan Instruments, or consent to the annexation of the Property to any city city, without the prior written consent of LenderLender (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Acquisition and Development Loan Agreement (Oriole Homes Corp)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements covenants or other encumbrances upon the Mortgaged Property, execute or file any subdivision plat affecting the Property, Mortgaged Property or consent to the annexation of the Mortgaged Property to any city without the prior written consent of LenderBank.

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

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Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements covenants or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, take any action whatsoever to convert the Property or any part thereof to a condominium or cooperative, or consent to the annexation of the Property to any city action taken by any Governmental Authority without the prior written consent of LenderMajority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

Restrictions and Annexation. Borrower shall not impose impose, permit or suffer to exist any restrictive covenants, easements covenants or other encumbrances upon any Property securing the PropertyNote, execute or file any subdivision plat affecting the any such Property, or consent to the annexation of the any such Property to any city or other political unit without the prior written consent of LenderLender which consent shall not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Line of Credit Agreement (AmREIT, Inc.)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, or consent to or permit the annexation of the Property to any city municipality without the prior written consent of Lender, which consent will not be unreasonably withheld.

Appears in 1 contract

Samples: Term Loan Agreement (Candlewood Hotel Co Inc)

Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements covenants or other encumbrances upon the Property, execute or file any subdivision plat affecting the Property, take any action whatsoever to convert the Property or any part thereof to a condominium or cooperative, or consent to the annexation of the Property to any city action taken by any Governmental Authority without the prior written consent of Lender.

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

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