Example ContractsClausesZoning
Zoning
Zoning contract clause examples

Zoning. shall not initiate or consent to any zoning reclassification of any portion of the Property or seek any variance under any existing zoning ordinance or use or permit the use of any portion of the Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, without the prior consent of . If the Property, or any portion thereof, is (or shall become) legal non-conforming in any respect at any time, shall not take or permit any action (including, without limitation, any change of use, alteration of structures or reconfiguration of parking and landscaping) that would cause any nonconformity with current Legal Requirements to cease to be permitted (or “grandfathered”) thereunder.

Zoning. The Agent shall have received reports prepared by Bock & Clark Zoning in form and substance reasonably satisfactory to the Agent, including evidence that the use of each Property as an industrial property with the proposed density is as of right.

Zoning. No Borrower shall # initiate or consent to any zoning reclassification of any portion of any Property or seek any variance under applicable zoning laws that would limit the permitted uses on any portion of such Property under applicable zoning laws, or # use or permit the use of any portion of such Property in any manner that would not be permitted under applicable zoning laws or any other applicable land use law, rule or regulation, in each case, without the prior Approval of the Agent.

a zoning report from a zoning consultant in such form and substance reasonably acceptable to the Administrative Agent;

zoning by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements and contract zoning agreements;

Each Borrower acknowledges and agrees that any Transfer of development rights, grant of an easement, or recordation of a zoning lot development agreement (ZLDA) or declaration of zoning lot restrictions or restrictive declaration in respect of any Property hereafter granted or otherwise consummated shall constitute a Transfer of such Property.

The Project is zoned industrial; the current uses of the Project are permissible under such zoning classification.

All present and future zoning, building, environmental and other laws, ordinances, codes, restrictions and regulations of all governmental authorities having jurisdiction with respect to the Property, including, without limitation, landmark designations and all zoning variances and special exceptions, if any, which are not violated by the existing structures or present use thereof and which do not render title uninsurable; and

Local Law Compliance. To the Seller’s knowledge, based upon any of a letter from any governmental authorities, a legal opinion, an architect’s letter, a zoning consultant’s report, an endorsement to the related Title Policy, or other affirmative investigation of local law compliance consistent with the investigation conducted by the Seller for similar commercial and multifamily mortgage loans intended for securitization, there are no material violations of applicable zoning ordinances, building codes and land laws (collectively “Zoning Regulations”) with respect to the improvements located on or forming part of each Mortgaged Property securing a Mortgage Loan as of the date of origination of such Mortgage Loan (or related Whole Loan, as applicable) and as of the Cut-off Date, other than those which # are insured by the Title Policy or a law and ordinance insurance policy or # would not have a material adverse effect on the value, operation or net operating income of the Mortgaged Property. The terms of the Loan Documents require the Mortgagor to comply in all material respects with all applicable governmental regulations, zoning and building laws.

easements, rights-of-way, restrictions (including zoning restrictions), minor defects or irregularities in title and other similar charges or encumbrances not, in any material respect, impairing the use of the encumbered Property for its intended purposes;

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