Zoning/Land Use. The Land is zoned to permit the ownership and operation of the Improvements for the intended purpose, and Borrower has all zoning approvals necessary for the ownership and operation of the Project.
Appears in 3 contracts
Samples: Term Loan Agreement (Jernigan Capital, Inc.), Term Loan Agreement (Jernigan Capital, Inc.), Term Loan Agreement (Jernigan Capital, Inc.)
Zoning/Land Use. The Land is zoned to permit the ownership and operation of the Improvements for the intended purpose, and Borrower has all zoning approvals necessary for the ownership and operation of the Project. 2.7.
Appears in 2 contracts
Samples: 1 Term Loan Agreement (Proassurance Corp), 1 Term Loan Agreement (Proassurance Corp)
Zoning/Land Use. The Land is zoned to permit the ownership and operation of the Improvements for the intended purpose, and Borrower has all zoning approvals approvals, licenses and permits necessary for the ownership and operation of the Project. The Project includes adequate parking for the operation of the Project in accordance with applicable law.
Appears in 1 contract
Samples: Loan Agreement (FRP Holdings, Inc.)
