Common use of Compliance with Law; Government Approvals Clause in Contracts

Compliance with Law; Government Approvals. Seller has received no notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Owned Real Property that has not been corrected heretofore, and no such violation exists which could have an adverse effect on the operation or value of any of the Owned Real Property. All improvements constituting part of the Owned Real Property have been completed and are now in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and there are presently in effect all licenses, permits and authorizations required by law, ordinance or regulation. The conveyance of the Owned Real Property to Buyer shall include all rights to the use of any off-site facilities necessary to ensure compliance with all such laws, ordinances, codes and regulations. There is at least the minimum access required by applicable subdivision or similar law to the Owned Real Property. Seller has received no notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Owned Real Property.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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Compliance with Law; Government Approvals. Seller has received no notice from any governmental authority of any violation of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Owned Leased Real Property that has not been corrected heretofore, and no such violation now exists which could have an adverse effect on the operation or value of any of the Owned Leased Real Property. All improvements constituting a part of the Owned Leased Real Property have been completed and are now in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and there are presently in effect all licenses, permits and authorizations required by law, ordinance or regulation. The conveyance transfer of the Owned Leased Real Property to Buyer shall include all rights to the use of any off-site facilities necessary to ensure compliance with all such laws, ordinances, codes and regulations. There is at least the minimum access required by applicable subdivision or similar law to the Owned Leased Real Property. Seller has received no notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Owned Leased Real Property.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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Compliance with Law; Government Approvals. Seller has not received no notice from any governmental authority of any violation violations of any law, ordinance, regulation, license, permit or authorization issued with respect to any of the Owned Leased Real Property that has not been corrected heretofore, and no such violation now exists which could have an adverse effect on the operation or value of any of the Owned such Leased Real Property. All To the best of Seller's knowledge all improvements constituting a part of the Owned Leased Real Property have been completed and are now in compliance in all respects with all applicable laws, ordinances, regulations, licenses, permits and authorizations, and there are presently in effect all licenses, permits and authorizations required by law, ordinance or regulation. The conveyance transfer of the Owned Leased Real Property to Buyer shall include all rights to the use of any off-site facilities necessary to ensure compliance with all such laws, ordinances, codes and regulations. There is at least the minimum access required by applicable subdivision or similar law to the Owned Leased Real Property. Seller has not received no notice of any pending or threatened real estate tax deficiency or reassessment or condemnation of all or any portion of any of the Owned Leased Real Property.

Appears in 1 contract

Samples: Asset Purchase Agreement (Photomatrix Inc/ Ca)

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