Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary for the development, use and sale of each applicable Lot and Unit. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 2 contracts
Sources: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and UnitLots and/or Homes in the Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 2 contracts
Sources: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes)
Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and occupancy of each Approved Subdivision and the sale of each applicable Lot Units and UnitEligible Lots therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 2 contracts
Sources: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)
Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and Unitthe Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 1 contract
Sources: Revolving Line of Credit Loan Agreement (William Lyon Homes)
Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and occupancy of each Approved Subdivision and A&D Project and the sale of each applicable Lot Units and UnitFinished Lots therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 1 contract
Sources: Udc Master Revolving Line of Credit Loan Agreement (Borrowing Base) (Udc Homes Inc)
Compliance with Permitted Exceptions. Borrower will cause the Underlying Borrower to keep and maintain in full force and effect all restrictive covenants, development agreementsconditions and restrictions, easements and other agreements with Governmental Authorities and other Persons that are necessary for the development, use and sale of each applicable Lot and Unitthe Underlying Loan Collateral. Borrower will not default in any material respect under any such covenants, development agreementsconditions and restrictions, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 1 contract
Sources: Secured Revolving Credit Loan Agreement (Owens Realty Mortgage, Inc.)
Compliance with Permitted Exceptions. Borrower will shall keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the developmentuse, use occupancy, and sale of each applicable Lot and UnitLots and/or Homes in the Project. Borrower will shall not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.. 42 Construction Loan Agreement
Appears in 1 contract
Compliance with Permitted Exceptions. Borrower will keep and maintain in full force and effect all restrictive covenants, development agreements, easements and other agreements with Governmental Authorities and other Persons that are necessary or desirable for the development, use and sale occupancy of each applicable Approved Subdivision and Lot and Unitthe sale of Units therein. Borrower will not default in any material respect under any such covenants, development agreements, easements and other agreements and will diligently enforce its rights thereunder.
Appears in 1 contract
Sources: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)