Common use of Boundaries Clause in Contracts

Boundaries. Except as otherwise shown on the Survey with respect to any Individual Property, all of the Improvements on such Individual Property which were included in determining the appraised value of such Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such Individual Property encroach upon any of the Improvements on such Individual Property.

Appears in 4 contracts

Samples: Mezzanine a Loan Agreement (Archstone Smith Operating Trust), Mezzanine B Loan Agreement (Archstone Smith Operating Trust), Mezzanine B Loan Agreement (Archstone Smith Operating Trust)

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Boundaries. Except as otherwise shown on the Survey with respect to any Individual PropertySurvey, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon such any Individual Property encroach upon any of the Improvements on such Individual PropertyImprovements, so as to affect the value or marketability of the applicable Property except those which are insured against by the applicable Title Insurance Policy.

Appears in 3 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (New York REIT, Inc.), Mezzanine Loan Agreement (New York REIT, Inc.)

Boundaries. Except as otherwise shown disclosed on the Survey with respect to any Individual PropertySurveys, all of the Improvements on such Individual Property which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such the applicable Individual Property encroach upon any of the Improvements on such Individual PropertyImprovements.

Appears in 3 contracts

Samples: Loan Agreement (FelCor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc)

Boundaries. Except as otherwise shown on disclosed to Lender in the Survey with respect to any Individual PropertyPhysical Conditions Report and the related Survey, all of the Improvements on such Individual Property which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such the applicable Individual Property encroach upon any of the Improvements on such Individual PropertyImprovements.

Appears in 2 contracts

Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp)

Boundaries. Except as otherwise shown on the Survey with respect to any Individual PropertySurvey, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon affecting such Individual Property encroach upon any of the Improvements on such Individual Propertyimprovements, so as to cause a Material Adverse Effect except those which are insured against by title insurance.

Appears in 2 contracts

Samples: Management Agreement (Ashford Hospitality Prime, Inc.), Assignment and Assumption Agreement (Supertel Hospitality Inc)

Boundaries. Except as otherwise shown on disclosed to Lender in the Survey with respect to any Individual PropertyPhysical Conditions Report, all of the Improvements on such Individual Property which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such the applicable Individual Property encroach upon any of the Improvements on such Individual PropertyImprovements.

Appears in 2 contracts

Samples: Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Meristar Hospitality Operating Partnership Lp)

Boundaries. Except as otherwise shown on the Survey with respect to set forth in any Individual PropertySurvey, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of the such Individual Property, and and, except as disclosed in any Survey, no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon such any Individual Property encroach upon any of the Improvements on such Improvements, so as to materially affect the value or marketability of the applicable Individual PropertyProperty except those which are insured against by the applicable Title Insurance Policy.

Appears in 2 contracts

Samples: Loan Agreement (VICI Properties L.P.), Loan Agreement (MGM Growth Properties Operating Partnership LP)

Boundaries. Except as otherwise shown may be disclosed on the Survey with respect to for any Individual Property, Property all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such the applicable Individual Property encroach upon any of the Improvements on such improvements, so as to materially affect the value or marketability of the applicable Individual PropertyProperty except those which are insured against in the Title Insurance Policy.

Appears in 2 contracts

Samples: Loan Agreement (BRE Select Hotels Corp), Management Agreement (ESH Hospitality LLC)

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Boundaries. Except Other than as otherwise shown on the Survey with respect to any of the applicable ---------- Individual Property, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such the applicable Individual Property encroach upon any of the Improvements on such improvements, so as to affect the value or marketability of the applicable Individual PropertyProperty except those which are insured against by title insurance.

Appears in 1 contract

Samples: Loan Agreement (Prentiss Properties Trust/Md)

Boundaries. Except as otherwise shown disclosed on the Survey with respect to any Individual PropertySurveys, all of the Improvements on such Individual Property which were included in determining the appraised value of such Individual each Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such Individual Property, and no easements or other encumbrances upon such Individual the applicable Property encroach upon any of the Improvements on such Individual PropertyImprovements.

Appears in 1 contract

Samples: Agreement (Felcor Lodging Trust Inc)

Boundaries. Except as otherwise shown disclosed on the Survey with respect to any Individual PropertySurveys, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such each Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon such affecting any Individual Property encroach upon any of the Improvements on improvements, so as to materially and adversely affect the value or marketability of such Individual PropertyProperty except those which are insured against by title insurance.

Appears in 1 contract

Samples: Loan Agreement (Kindercare Learning Centers Inc /De)

Boundaries. Except as otherwise shown on set forth in the Survey with respect to any Individual PropertySurveys, all of the Improvements on such Individual Property improvements which were included in determining the appraised value of such any Individual Property lie wholly within the boundaries and building restriction lines of such Individual Property, and no improvements on adjoining properties encroach upon such any Individual Property, and no easements or other encumbrances upon such any Individual Property encroach upon any of the Improvements Improvements, in each case, so as to result in an Individual Material Adverse Effect on such Individual PropertyProperty or such Individual Borrower, except those which are insured against by the applicable Title Insurance Policy.

Appears in 1 contract

Samples: Loan Agreement (Park Hotels & Resorts Inc.)

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