Common use of Permits and Zoning Clause in Contracts

Permits and Zoning. The Company shall use commercially reasonable efforts to preserve in force all existing Permits with respect to the Miami Property and to renew all such Permits expiring prior to the Effective Time on terms reasonably acceptable to Parent. If any such Permit shall be suspended or revoked, the Company shall promptly notify Parent and shall diligently take all measures reasonably necessary to cause the reinstatement of such Permit without any additional limitation or condition. The Company shall not seek or voluntarily allow any amendment to any Permit with respect to the Miami Property that would alter the existing permissible uses of the Miami Property or any part thereof. Without the prior written consent of Parent, the Company shall not apply for, consent to or promote any modification of any zoning restrictions or other restrictions or regulations of Regulatory Authorities with respect to the Miami Property.