Compliance with Permitted Exceptions. VPT has not received notice of and, to the best of VPT's knowledge, neither VPT nor any VPT Subsidiary is in material default in complying with the terms and provisions of, any of the covenants, conditions, restrictions, rights-of-way or easements constituting one or more of the Permitted Exceptions which are to be performed or complied with by the owner of the VPT Properties.
Appears in 2 contracts
Sources: Merger Agreement (Value Property Trust), Merger Agreement (Wellsford Real Properties Inc)