GOVERNMENTAL POWERS. Nothing in this Agreement is intended, nor will it be construed, to in any way limit the exercise by Subordinate Lender of its governmental powers (including police, regulatory and taxing powers) with respect to Borrower or the Mortgaged Property to the same extent as if it were not a party to this Agreement or the transactions contemplated by this Agreement.
Appears in 14 contracts
Sources: Subordination Agreement, Subordination Agreement, Subordination Agreement
GOVERNMENTAL POWERS. Nothing in this Agreement is intended, nor will it be construed, to in any way limit the exercise by Subordinate Lender Lender, or its governmental affiliates of its their governmental powers (including police, regulatory regulatory, building, code enforcement and taxing powers) with respect to Borrower or the Mortgaged Property to the same extent as if it were not a party to this Agreement or the transactions contemplated by this Agreement. In addition, nothing herein shall be construed to be a waiver of Subordinate ▇▇▇▇▇▇’s sovereign immunity under Florida law.
Appears in 3 contracts
Sources: Subordination Agreement, Subordination Agreement, Subordination Agreement
GOVERNMENTAL POWERS. Nothing in this Agreement is intended, nor will it be construed, to in any way limit the exercise by Subordinate Lender of its governmental powers (including police, regulatory and taxing powers) with respect to Borrower or the Mortgaged Property Development to the same extent as if it were not a party to this Agreement or the transactions contemplated by this Agreement.
Appears in 2 contracts