Common use of Zoning Clause in Contracts

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning report, in each case in substance reasonably satisfactory to Lender.

Appears in 20 contracts

Samples: Second Mezzanine Loan Agreement (Harrahs Entertainment Inc), Loan Agreement (Harrahs Entertainment Inc), Ninth Mezzanine Loan Agreement (Harrahs Entertainment Inc)

AutoNDA by SimpleDocs

Zoning. With respect to each Individual the Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for to the applicable Title Insurance Policy Policy, if available or (iiiii) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 8 contracts

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.)

Zoning. With respect to each Individual the Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for to the applicable Title Insurance Policy or (iiiii) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 8 contracts

Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, in respect of each Property, either (i) (A) letters or other evidence with respect to each Individual such Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building lawslaws or a zoning report from a reputable firm, in form and substance satisfactory to Lender, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, to the extent available in the State in which the applicable Property is located or (ii) a zoning reportopinion letter with respect to such Property, in each case in substance reasonably satisfactory to Lender.

Appears in 4 contracts

Samples: Loan Agreement (Cole Credit Property Trust Inc), Mezzanine Loan Agreement (Cole Credit Property Trust Inc), Mezzanine Loan Agreement (Cole Credit Property Trust III, Inc.)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) either (A) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiB) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 3 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy title insurance policy, or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 3 contracts

Samples: Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 3 contracts

Samples: Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust), Loan Agreement (U-Store-It Trust)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either received (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning compliance with applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning reportif available in the applicable State), in each case in substance reasonably satisfactory to Lender.

Appears in 3 contracts

Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.), Property Management Agreement (Sunstone Hotel Investors, Inc.), Property Management Agreement (Sunstone Hotel Investors, Inc.)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and or (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, or (ii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Wyndham International Inc), Loan Agreement (Eagle Hospitality Properties Trust, Inc.)

Zoning. With respect to each Individual Property, Lender shall (f) have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiiii) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Inland Real Estate Corp), Loan Agreement (Inland Real Estate Corp)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and or (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning reportPolicy, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Zoning. With respect to each Individual the Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) either (A) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiB) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each such Individual Property from the appropriate municipal authorities (or other PersonsPersons acceptable to Lender) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning reportopinion letter from Borrowers' local counsel, in each case in form and substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Lodgian Inc), Loan Agreement (Servico Market Center Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy title insurance policy, or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Lasalle Hotel Properties), Loan Agreement (Lasalle Hotel Properties)

Zoning. With respect to each Individual the Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning report, in each case in form and substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy laws or (ii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Sabre Corp)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and or (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning opinion letter or zoning report, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning report, in each case in form and substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

AutoNDA by SimpleDocs

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, in respect of the Property, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building lawslaws or a zoning report from a reputable firm, in form and substance satisfactory to Lender, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, to the extent available in the State in which the Property is located or (ii) a zoning reportopinion letter with respect to the Property, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other PersonsPersons such as Urban Concepts or PZR) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiC) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) received (A) letters or other evidence with respect to each Individual Property the Properties from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning reportPolicy, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Maguire Properties Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, or (ii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Malan Realty Investors Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for to the applicable Title Insurance Policy or (iiiii) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual such Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and in each case reasonably satisfactory to Lender, (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, or (iiiii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Prime Retail Lp)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Fairchild Corp)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s 's option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) either (A) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (iiB) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) either (Ax) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building lawslaws or (y) a report of Urban Concepts, and (Bii) if available in the applicable State, an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or (ii) a zoning report, in each case in substance reasonably satisfactory to LenderPolicy.

Appears in 1 contract

Samples: Loan Agreement (Highland Hospitality Corp)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s Borrower's option, either (i) (A) letters or other evidence with respect to each Individual such Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and or (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy Policy, or (iiC) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Innkeepers Usa Trust/Fl)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (B) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or Policy, (ii) a zoning reportopinion letter, in each case in substance reasonably satisfactory to Lender, (iii) or a report of the Planning and Zoning Resources Company.

Appears in 1 contract

Samples: Loan Agreement (Highland Hospitality Corp)

Zoning. With respect to each Individual the Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual the Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for to the applicable Title Insurance Policy Policy, or (iiiii) a other evidence of zoning reportcompliance, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Zoning. With respect to each Individual Property, Lender shall have received, at Lender’s option, either (i) (A) letters or other evidence with respect to each Individual Property from the appropriate municipal authorities (or other Persons) concerning applicable zoning and building laws, and (Bii) an ALTA 3.1 zoning endorsement for the applicable Title Insurance Policy or Policy, if available, and (iiiii) a zoning report, in each case in substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Capitalsource Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.