Common use of Certificate of Occupancy Clause in Contracts

Certificate of Occupancy. Borrowers and Operating Lessee have provided to Lender copies of all Permits for each Individual Property necessary to use and operate the Individual Property for the use described in Section 3.1(R) where such Permits are available, or otherwise confirmation of issuance of such Permits either in the PZR Report or from the applicable zoning authority, and where such Permits require re-issuance in the event of a transfer of title to an Individual Property, the applicable Borrower is diligently pursuing a Permit in the name of the applicable Borrower. The use being made of each Individual Property is in conformity with the certificate of occupancy and/or Permits for each such Individual Property and any other restrictions, covenants or conditions affecting each such Individual Property to the extent that any existing nonconformity would not have a Material Adverse Effect. Each such Individual Property contains all equipment necessary to use and operate each such Individual Property in a first-class manner.

Certificate of Occupancy. Borrowers and Operating Lessee have provided to Lender copies of all Permits for each Individual Property necessary to use and operate the Individual Property for the use described in Section 3.1(R) where such Permits are available, or otherwise confirmation of issuance of such Permits either in the PZR Report or from the applicable zoning authority, and where such Permits require re-issuance in the event of a transfer of title to an Individual Property, the applicable Borrower is diligently pursuing a Permit in the name of the applicable Borrower. The use being made of each Individual Property is in conformity with the certificate of occupancy and/or Permits for each such Individual Property and any other restrictions, covenants or conditions affecting each such Individual Property to the extent that any existing nonconformity would not have a Material Adverse Effect. Each such Individual Property contains all equipment necessary to use and operate each such Individual Property in a first-class manner.