Restrictions Affecting the Property. Borrower shall not impose any restrictive covenants or encumbrances upon the Premises (with the exception of customary, non-blanket utility easements necessary for the efficient and proper development of the Property), or execute or file any subdivision plat affecting the Premises absent the review and approval of Lender.
Appears in 2 contracts
Sources: Secured Construction Loan Agreement (Campus Crest Communities, Inc.), Secured Construction Loan Agreement (Campus Crest Communities, Inc.)