Common use of Land Use Proceedings Clause in Contracts

Land Use Proceedings. As of the RestatementFourth Amendment Effective Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Existing Mortgaged Properties or the use thereof, and neither Borrower nor any of its Subsidiaries has received written notice from any Government Authority threatening any such Proceeding. After the RestatementFourth Amendment Effective Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Mortgaged Properties or the use thereof, and neither Borrower nor any of its Subsidiaries has received written notice from any Government Authority threatening any such Proceeding that could reasonably be expected to result in a Material Adverse Effect. No Loan Party has entered into any agreements or commitments with any Government Authority that will be binding on the Mortgaged Properties after the RestatementFourth Amendment Effective Date and which would (i) materially affect the operations of or the entitlements applicable to such properties, (ii) require the owner of any such property to make improvements to such property or make dedications or off-site improvements for the benefit of adjoining properties, or (iii) make additional expenditures with respect to the operation of the Mortgaged Properties.

Appears in 1 contract

Sources: Credit Agreement (Isle of Capri Casinos Inc)

Land Use Proceedings. As of the RestatementFourth Amendment Effective each Closing Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Existing Mortgaged Properties Real Property Assets or the use thereof, and neither Borrower the Company nor any of its the Company's Subsidiaries has received written notice from any Government Authority threatening any such Proceeding. After the RestatementFourth Amendment Effective each Closing Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Mortgaged Properties Real Property Assets or the use thereofthereof that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, and neither Borrower the Company nor any of its the Company's Subsidiaries has received written notice from any Government Authority threatening any such Proceeding that could reasonably be expected to result in a Material Adverse Effectproceeding. No Loan Credit Party has entered into any agreements or commitments with any Government Authority that will be binding on the Mortgaged Properties Real Property Assets after the RestatementFourth Amendment Effective each Closing Date and which that would (i) materially affect the operations of or the entitlements applicable to such propertiesproperty, (ii) require the owner of any such property to make improvements to such property or make dedications or off-site improvements for the benefit of adjoining properties, or (iii) make additional expenditures with respect to the operation of the Mortgaged PropertiesReal Property Assets.

Appears in 1 contract

Sources: Purchase Agreement (Brightstar Corp.)

Land Use Proceedings. As of the RestatementFourth Amendment Restatement Effective Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Existing Mortgaged Properties or the use thereof, and neither Borrower nor any of its Subsidiaries has received written notice from any Government Authority threatening any such Proceeding. After the RestatementFourth Amendment Restatement Effective Date, there are no pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Mortgaged Properties or the use thereof, and neither Borrower nor any of its Subsidiaries has received written notice from any Government Authority threatening any such Proceeding that could reasonably be expected to result in a Material Adverse Effect. No Loan Party has entered into any agreements or commitments with any Government Authority that will be binding on the Mortgaged Properties after the RestatementFourth Amendment Restatement Effective Date and which would (i) materially affect the operations of or the entitlements applicable to such properties, (ii) require the owner of any such property to make improvements to such property or make dedications or off-site improvements for the benefit of adjoining properties, or (iii) make additional expenditures with respect to the operation of the Mortgaged Properties.

Appears in 1 contract

Sources: Credit Agreement (Isle of Capri Casinos Inc)