Property Use Clause Samples
The Property Use clause defines how a property may be utilized by the tenant or occupant under the agreement. It typically outlines permitted activities, restrictions on certain uses, and may specify whether the property can be used for residential, commercial, or other specific purposes. For example, it might prohibit subletting, running a business from a residential unit, or making structural changes without consent. This clause ensures that both parties have a clear understanding of acceptable uses, helping to prevent disputes and maintain the intended character or function of the property.
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Property Use. 21 Section 4.2 Single Purpose Entity..................................... 21 ARTICLE V
Property Use. The Property shall be used only for office/warehouse purposes, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.
Property Use. The Property shall be used only for a hotel and any ancillary uses relating thereto, and for no other uses without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.
Property Use. The Property shall be used only as a retail facility and uses ancillary thereto, and, except for any permitted use by PETsMART or an Acceptable Replacement Tenant as set forth in the PETsMART Lease or an Acceptable Replacement Lease, for no other use, without the prior written consent of Lender.
Property Use. The Property shall be used only for a retail shopping center, retail office and business office uses and related ancillary commercial uses that are consistent with similar first-class retail shopping centers, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute discretion.
Property Use. The Property shall be used only for multifamily apartments, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender's discretion.
Property Use. 16 Section 4.2
Property Use. The Property shall be used only for any industrial purposes and any ancillary uses relating thereto, and for no other uses without the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed.
Property Use. Subrecipient must use equipment acquired under a Federal award for the authorized purposes of the project during the period of performance, or until the property is no longer needed. Subrecipient must use, manage, and dispose of equipment acquired under a Federal award in accordance with 2 C.F.R. § 200.313, “Equipment”.
Property Use. Duly authorized representatives of the Union or Association and their respective affiliates shall be permitted to transact official business on school property at all reasonable times, provided that this shall not interfere with or interrupt normal school operations.