Common use of Notices Received Clause in Contracts

Notices Received. Seller has not received: (a) written notice from any governmental authority of any violation of any laws applicable (or alleged to be applicable) to the Real Property, or any part thereof, that has not been corrected; (b) written notice from any governmental authority causing the commencement of, or overtly making the threat of, any condemnation of any part of the Real Property, or the widening, change of grade or limitation on use of streets abutting the Real Property; (c) written notice from any insurance company or bonding company of any defects or inadequacies in the Property or any part thereof, which would adversely affect the insurability of the Property or cause the imposition of extraordinary insurance premiums or charges relating to the Property or of any termination or threatened termination of any policy of insurance or bond relating to the Property; (d) written notice from any governmental authority causing the commencement of, or overtly making the threat of, any materially adverse change in the zoning classification of the Property or any part thereof; or (e) except as may be reflected by the Property Documents or otherwise disclosed in writing to Purchaser during the Inspection Period, written notice from any third party, alleging any material violation or default by Seller under any Service Contract or License Agreement to be assumed by Purchaser at Closing (that has not been cured by Closing).

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Berkshire Income Realty, Inc.), Purchase and Sale Agreement (Berkshire Income Realty, Inc.)