Common use of Property Use Clause in Contracts

Property Use. The Property shall be used only as a retail facility and uses ancillary thereto, and, except for any permitted use by PETsMART or an Acceptable Replacement Tenant as set forth in the PETsMART Lease or an Acceptable Replacement Lease, for no other use, without the prior written consent of Lender.

Appears in 8 contracts

Samples: Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

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Property Use. The Property shall be used only as a retail facility and uses ancillary thereto, and, except for any permitted use by PETsMART PetsMART or an Acceptable Replacement Tenant as set forth in the PETsMART PetsMART Lease or an Acceptable Replacement Lease, for no other use, without the prior written consent of Lender.

Appears in 5 contracts

Samples: Trust and Security Agreement (Corporate Property Associates 15 Inc), Trust and Security Agreement (Corporate Property Associates 15 Inc), Trust and Security Agreement (Corporate Property Associates 15 Inc)

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