No Condemnation Proceeding Clause Samples
The "No Condemnation Proceeding" clause serves to confirm that, at the time of agreement, there are no ongoing or threatened government actions to seize or condemn the property in question. In practice, this means the seller assures the buyer that the property is not subject to eminent domain proceedings or similar governmental takings, which could affect its value or future use. This clause protects the buyer from unknowingly acquiring property that may be lost or devalued due to government intervention, thereby ensuring the integrity and usability of the asset being transferred.
No Condemnation Proceeding. There have not been any condemnation proceedings with respect to the Mortgaged Property and Seller has no knowledge of any such proceedings.
No Condemnation Proceeding. As of the Effective Date of this Deed of Trust, the Borrower has no knowledge of any present, pending or threatened condemnation proceeding or award affecting the Real Property.
No Condemnation Proceeding. None of the Borrower or any of its Material Subsidiaries has received any notice, or has any knowledge, of any pending, threatened or contemplated condemnation proceeding or other Legal Proceeding affecting any Real Estate owned or leased by the Borrower or any of its Material Subsidiaries or any part thereof, except those which, in the aggregate, would not have a Material Adverse Effect.
No Condemnation Proceeding. To the best of any Seller’s knowledge, there is no proceeding pending for the total or partial condemnation and no eminent domain proceedings pending affecting any Mortgaged Property.
No Condemnation Proceeding. Neither any Trust Subsidiary nor Ocwen has knowledge of any condemnation proceedings with respect to the Mortgaged Property.
No Condemnation Proceeding. There have not been any proceedings pending and, to the best of the Seller’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property.
No Condemnation Proceeding. The Mortgagor has no knowledge of any present, pending or threatened condemnation proceeding or award affecting the Real Property.
No Condemnation Proceeding. There is no condemnation proceeding pending or, to the best of either Seller's knowledge, threatened, with respect to the Mortgaged Property.
No Condemnation Proceeding. The Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and there are no such proceedings scheduled to commence at a future date.
No Condemnation Proceeding. There have not been any condemnation proceedings with respect to the REO Property.