Common use of Violation of Laws Clause in Contracts

Violation of Laws. If the Property is not in compliance with Legal Requirements, Lender may impose reasonable additional requirements upon Mortgagor in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 3 contracts

Samples: Fixture Filing and Security Agreement (FelCor Lodging Trust Inc), Mortgage and Security Agreement (Felcor Lodging Trust Inc), Mortgage and Security Agreement (Felcor Lodging Trust Inc)

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Violation of Laws. If the Property is not in compliance with Legal RequirementsApplicable Laws, Lender may impose reasonable additional requirements upon Mortgagor in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 2 contracts

Samples: Guaranty and Suretyship Agreement (Cv Reit Inc), Real Estate Purchase Agreement (Cv Reit Inc)

Violation of Laws. If the Property is not in material compliance with Legal Requirements, Lender may impose reasonable additional requirements upon Mortgagor in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Mortgage and Security Agreement (Glimcher Realty Trust)

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Violation of Laws. If the Property is not in compliance with Legal Requirements, Lender may impose reasonable additional requirements upon Mortgagor Trustor in connection herewith including, without limitation, monetary reserves or financial equivalents.

Appears in 1 contract

Samples: Trust and Security Agreement (Felcor Lodging Trust Inc)

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