Common use of Boundaries Clause in Contracts

Boundaries. (a) To Borrower’s knowledge and in reliance on, and except as otherwise specifically disclosed on a Survey, none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such Individual Property and no easements or other encumbrances upon such Individual Property encroach upon any of the Improvements so as to have a Material Adverse Effect.

Appears in 16 contracts

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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Boundaries. (a) To Borrower’s knowledge and in reliance on, and except as otherwise specifically disclosed on a the applicable Survey, (a) none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such Individual Property and no easements or other encumbrances upon such Individual Property encroach upon any of the Improvements so as to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Mezzanine C Loan Agreement (Ashford Hospitality Trust Inc), Mezzanine B Loan Agreement (Ashford Hospitality Trust Inc), Lease Agreement (Ashford Hospitality Trust Inc)

Boundaries. (a) To Borrower’s knowledge Knowledge and in reliance on, and except as otherwise specifically disclosed on a in, the Survey, none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such any Individual Property and no easements or other encumbrances upon such any Individual Property encroach upon any of the Improvements so as to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Griffin Capital Essential Asset REIT II, Inc.), Loan Agreement (Griffin Capital Essential Asset REIT, Inc.)

Boundaries. (a) To Borrower’s knowledge and in reliance on, and except as otherwise specifically disclosed on a Survey, none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such any Individual Property and no easements or other encumbrances upon such any Individual Property encroach upon any of the Improvements so as to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Stirling Hotels & Resorts, Inc.)

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Boundaries. (a) To Except as otherwise disclosed to Lender in writing (including, without limitation, in any Title Insurance Policy and/or survey), to Borrower’s knowledge and in reliance on, and except as otherwise specifically disclosed on a Surveyknowledge, none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extentthe Property, and (b) no improvements on adjoining properties encroach upon the such Individual Property and no easements or other encumbrances upon such Individual the Property encroach upon any of the Improvements so as to Improvements, in each case, which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

Boundaries. (a) To Borrower’s knowledge and in reliance on, and except as otherwise specifically disclosed on a the applicable Survey, (a) none of the Improvements which were included in determining the appraised value of the any Individual Property lie outside the boundaries and building restriction lines of such Individual Property to any material extent, and (b) no improvements on adjoining properties encroach upon the such Individual Property and no easements or other encumbrances upon such Individual Property encroach upon any of the Improvements so as to have a Material Adverse Effect.. 00000000.0.XXXXXXXX

Appears in 1 contract

Samples: Mezzanine a Loan Agreement (Ashford Hospitality Trust Inc)

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