Common use of Compliance with Laws and Codes Clause in Contracts

Compliance with Laws and Codes. To Contributor’s knowledge, the Property, and the use and operation thereof, is (or the use and operation of any component, portion or area of the Property is) in material compliance with applicable municipal and other governmental laws, ordinances, regulations, codes. The fee simple owner of the Land possesses the material licenses, permits and authorizations for the use, occupancy and operation of the Property as it is presently being operated, except where such violation or failure would not have a Contributor Material Adverse Effect. To Contributor’s knowledge, no notice, citation, summons or order has been issued, nor has Contributor or the Contributor Affiliate received any written notice from any Governmental Authority that any investigation or review is pending or threatened by such Governmental Authority with respect to any alleged violation by the fee simple owner of any such laws, statutes, rules, regulations or orders, except where the failure to comply with the same would not have a Contributor Material Adverse Effect.