Legally Permissible Sample Clauses

Legally Permissible. Legally Permissible is defined in Section 5.10(a).
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Legally Permissible. Legally Permissible" is defined in Subsection ------------------- 6.15(a)(iv).
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Legally Permissible. The subject site is currently zoned RMFA, Multiple Family Residential Alternate by the City of Temple Terrace. The subject property, as improved, appears to represent a legal use of the subject site based upon zoning regulations. In addition, the subject property reflects an MDR, Medium Density Residential classification under the Temple Terrace Comprehensive Land Use Plan. This land use classification provides for a maximum density of 18 dwelling units per acre. FINANCIALLY FEASIBLE: -------------------- The subject project was opened in the Spring of 1987 and has been successfully operating as a rental apartment project since that time. The 1990 overall average occupancy level for the subject property equaled 91.5%; the 1991 overall occupancy level for the subject equaled 86.6% and the subject's 1992 overall average occupancy level equaled 88.3%. During 1993 the subject property achieved an average occupancy level of 92.5%, the 1994 overall occupancy level for the subject property equaled 95.5%, the 1995 overall occupancy level for the subject property equaled 95.0%, the 1996 overall occupancy for the subject property equaled 91.8% and the 1997 overall occupancy for the subject property equaled 86.0%. The subject property reflects a current reported occupancy level of 89.5%, which appears to be substantially below current market norms. The subject property's occupancy levels appear to have been negatively impacted by the opening of Colonial Village At River Hills Phase III in August 1996. A total of 172 units have been leased in Phase III, with 210 units remaining vacant. Given this project's previous absorption levels, it appears that it should take less than one year before the new units in Phase III will be absorbed. During the last several years, the subject market area has reflected moderate rent levels with very moderate upward movement in rental rates. Between February 1993 and February 1994, the base rents for the subject one-bedroom/one-bath units increased 2.28% and the subject two-bedroom/two-bath units reflected no change in rental rates. During the period between February 1994 and February 1995, the base rent for the subject's one-bedroom units increased by 2.23% and the base rents for the two-bedroom units increased by 3.54% and between February 1995 and February 1996 the base rent for the subject's one bedroom units increased by 6.53% and the base rents for the two bedroom units increased by 5.13%. Between March 1996 and January 1997, the ...
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Legally Permissible. The grove improvements conform to the property’s zoning limitations and requirements.
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Legally Permissible. As shown in the zoning section of this report, the subject is zoned C-V, Civic District, under the jurisdiction of the City of Las Vegas. The zoning permits residential uses; however, this zoning is not considered a permanent zoning. Typically, parcels are zoned RE and then re-zoned when a specific use is identified. The subject parcel has been developed with the College of Southern Nevada and has been exempt from obtaining the required zoning changes. In summary, the legally permissible use of the site at this time is for residential development, child care facility or other Highest and Best Use File #07-377 LUBAWY & ASSOCIATES, INC. 48 public uses, on the subject parcel. Assuming that a zone change would be granted, a likely use for the subject site would be office.
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Related to Legally Permissible

  • Applicable Law and Exclusive Forum The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the laws of the State of New York. Subject to applicable law, the Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive forum for any such action, proceeding or claim. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum. Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to the forum provisions in this Section 9.3. If any action, the subject matter of which is within the scope the forum provisions above, is filed in a court other than a court located within the State of New York or the United States District Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder.

  • Applicable Law; Jurisdiction This Agreement shall be governed by and interpreted in accordance with the laws of the State of New Jersey without regard to the principles of conflict of laws. The parties further agree that any action between them shall be heard in Xxxxxx County, New Jersey, and expressly consent to the jurisdiction and venue of the Superior Court of New Jersey, sitting in Xxxxxx County and the United States District Court for the District of New Jersey sitting in Newark, New Jersey for the adjudication of any civil action asserted pursuant to this Paragraph.

  • Compliance with Applicable Laws; Permits (a) The Company and each of its Subsidiaries have conducted their businesses in compliance with all applicable PRC, U.S. and other national, federal, provincial, state and other Laws (including any applicable antitrust or competition Laws) and applicable requirements of the NYSE in all material respects.

  • Compliance with Law; Governmental Approvals Each of the Borrower, the other Loan Parties and the other Subsidiaries is in compliance with each Governmental Approval and all other Applicable Laws relating to it except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

  • Applicable Law and Jurisdiction This Subscription Agreement and the rights and obligations of the Purchaser arising out of or in connection with this Subscription Agreement, the Operating Agreement and the Offering Circular shall be construed in accordance with and governed by the internal laws of the State of New York without regard to principles of conflict of laws. The Purchaser (a) irrevocably submits to the non-exclusive jurisdiction and venue of the state and federal courts sitting in New York, NY, in any action arising out of this Subscription Agreement, the Operating Agreement and the Offering Circular and (b) consents to the service of process by mail.

  • No Governmental Approvals Required Except as previously obtained or made, no authorization, consent, approval, order, license or permit from, or filing, registration or qualification with, any Governmental Agency is or will be required to authorize or permit under applicable Laws the execution and delivery by Borrower of the Loan Documents to which it is a Party and payment of the Obligations.

  • Applicable Law; Severability This Agreement shall be construed in all respects in accordance with, and governed by, the internal laws (as opposed to conflicts of law provisions) of the State of New York. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Agreement.

  • Applicable Law and Forum This Agreement shall be construed and interpreted according to the substantive law of California, regardless of the law of conflicts to the contrary in any jurisdiction. Any action to enforce the terms of this Agreement or for the breach thereof shall be brought and tried in Santa Xxxx or the forum nearest to the city of Santa Xxxx, in the County of Sonoma.

  • Compliance with Applicable Law; Permits (a) FSIC and each of its Consolidated Subsidiaries is in compliance, and has been operated in compliance, in all material respects, with all applicable Laws, including, if and to the extent applicable, the Investment Company Act, the Securities Act and the Exchange Act other than as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to FSIC. FSIC has not received any written or, to FSIC’s knowledge, oral notification from a Governmental Entity of any material non-compliance with any applicable Laws, which non-compliance would, individually or in the aggregate, reasonably be expected to be material to FSIC and its Consolidated Subsidiaries, taken as a whole. FSIC has operated in compliance with all listing standards of the NYSE since FSIC Common Stock began trading on the NYSE on April 16, 2014 other than as would not, individually or in the aggregate, reasonably be expected to be material to FSIC and its Consolidated Subsidiaries, taken as a whole. FSIC is not subject to any “stop order” and is, and was, fully qualified to sell shares of FSIC Common Stock in each jurisdiction in which such shares were registered and sold, other than as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to FSIC.

  • Compliance with Legal Requirements; Governmental Authorizations (a) Except as set forth in Part 3.14 of the Disclosure Letter:

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