Common use of Land Use Proceedings Clause in Contracts

Land Use Proceedings. Except as set forth on Schedule 5.6B, there are no material pending condemnation, zoning or other land use Proceedings or special assessment Proceedings with respect to the Real Property Assets or the use thereof, and neither Borrower nor any of its Subsidiaries has received written notice from any Government Authority threatening any such proceeding. Except as set forth on Schedule 5.6B, no Loan Party has entered into any agreements or commitments with any Government Authority that will be binding on the Real Property Assets after the Effective Date and that would (i) materially affect the operations of or the entitlements applicable to such property, (ii) require the owner of 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 Real Property Assets.