Status of the Premises Clause Samples

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Status of the Premises. (i) In the event that the Premises are ever deemed to be located in an area identified by the Secretary of Housing and Urban Development or a successor thereto, or other appropriate authority (governmental or private), as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended, or any successor law, Trustor will obtain and maintain the insurance for the Premises as specified in Section 2.3.1(c) hereof; (ii) the Premises are or at the appropriate times will be served by all utilities reasonably required for the use thereof as a restaurant; (iii) all streets necessary to serve the Land and the Improvements for the use thereof as herein contemplated have been or will be timely completed and are or will be timely serviceable and have been or will be timely dedicated and accepted for maintenance by the appropriate governmental entities; and (iv) the Premises are free from damage caused by fire or other casualty.
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Status of the Premises. (i) The Premises are not located in an area identified by the Secretary of Housing and Urban Development or a successor thereto as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended, or any successor law, or if the Premises are located in such an area, Mortgagor will obtain and maintain flood insurance for the Premises in the maximum obtainable amount (up to the amount of the Obligations); (ii) the Premises are served by all utilities required for the use thereof as herein contemplated; (iii) all streets necessary to serve the Land and the Improvements for the use thereof as herein contemplated have been completed and are serviceable and have been dedicated or accepted by the appropriate governmental entities; and (iv) the Premises are free from damage caused by fire or other casualty.
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Status of the Premises. (i) No portion of the Improvements is located in an area identified by the Secretary of Housing and Urban Development or the Federal Emergency Management Agency or any successor thereto as an area having special flood or seismic hazards, or, if now or hereafter located within any such area, Borrower has obtained and will maintain the applicable flood hazard and/or earthquake insurance prescribed in the Mortgage. (ii) Borrower has obtained and, until the Indebtedness is paid in full, will maintain all necessary certificates, licenses, permits and other approvals, governmental and otherwise, necessary for the operation of the Premises; and the conduct of its business and all required zoning, building code, land use, environmental and other similar permits or approvals, all of which are and, until the Indebtedness is paid in full, will remain in full force and effect and not subject to revocation, suspension, forfeiture or modification. (iii) As of the date hereof, and until the Indebtedness is paid in full: (a) the Premises and the present and contemplated use, occupancy, operation and construction thereof are and will remain in full compliance with all covenants and restrictions and all applicable licenses, permits and other approvals and all zoning ordinances, building codes, land use and environmental laws and other similar laws, (b) none of the Improvements lie or will lie outside of the boundaries of the Land or the applicable building restriction lines to the extent that such would have a Material Adverse Effect, (c) no improvements on adjoining properties (now or will) materially encroach upon the Land. (iv) The Premises is served by all utilities required for the current or contemplated use thereof. All utility service is provided by public utilities and the Premises has accepted or is equipped to accept such utility service. The Premises is served by public water and sewer systems. All of the foregoing utilities are located in the public right-of-way abutting the Premises, and all such utilities are connected so as to serve the Premises either (a) without passing over other property or, (b) if such utilities pass over other property, they do so pursuant to valid easements. (v) All public roads and streets necessary for service of and access to the Premises for the current or contemplated use thereof have been completed, are serviceable and all-weather and are physically and legally open for use by the public. (vi) The Premises is free from (a) damag...
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Status of the Premises. The Premises is not located in an area identified by the Secretary of Housing and Urban Development or a successor thereto as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended, or any successor law; or if the Premises is located in such an area, Mortgagor will obtain and maintain insurance against damage or loss by flood on such basis and in such amounts as shall be required by Mortgagee; (ii) the Premises is served by all utilities required for the current use thereof; (iii) all streets necessary to serve the Land, and the Improvements for the current use thereof have been completed and are serviceable and have been dedicated or accepted by the appropriate governmental entities and Mortgagor has access from public roads to the Land, and the Improvements; and (iv) there is no condemnation or similar proceeding pending or threatened affecting any part of the Premises that might materially adversely affect the Premises.
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Status of the Premises. (i) The Premises is not located in an area identified by the Secretary of Housing and Urban Development or a successor thereto as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended, or any successor law; or if the Premises is located in such an area, Mortgagor shall obtain and maintain insurance against damage or loss by flood on such basis and in such amounts as shall be required by Mortgagee; (ii) the Premises is served by all utilities required for the current use thereof; (iii) Mortgagor has access to the Land and the Improvements by public roads or by irrevocable easement approved by Mortgagee; and (iv) there is no condemnation or similar proceeding pending or, to the best knowledge of Mortgagor, threatened affecting any part of the Premises that might materially adversely affect the Premises.
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Status of the Premises. The Premises is not located in an area identified by the Secretary of Housing and Urban Development or a successor thereto as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended, or any successor law; or if the Premises is located in such an area, Grantor will obtain and maintain insurance against damage or loss by flood on such basis and in such amounts as shall be required by Mortgagee; (ii) the Premises is served by all utilities required for the current use thereof; (iii) all streets necessary to serve the Land; the Leased Land and the Improvements for the current use thereof have been completed and are serviceable and have been dedicated or accepted by the appropriate governmental entities and Grantor has access from public roads to the Land, the Leased Land and 10
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Status of the Premises. Landlord represents and warrants that the Premises complies with all applicable laws, codes, statutes, standards, regulations and ordinances, including the ADA, in effect as of the Commencement Date and that no notices have been received of building code violations affecting the Premises which have not been corrected. Landlord further acknowledges its continuing responsibility to comply with all applicable laws, codes, statutes, standards, regulations and ordinances and to cure, at Landlord's sole cost and expense, all building code violations relating to the Premises, except for violations arising from any work on or use of the Premises by Tenant which is materially different from the use of the Premises by Landlord prior to the date of this Lease. Except for the foregoing representation, Tenant hereby accepts the Premises in their "AS IS" condition including any and all defects, latent or otherwise, existing as of the Lease Commencement Date or the date that Tenant takes possession of the Premises, whichever is earlier, subject to all applicable zoning, municipal, county and state laws, ordinances and regulations governing and regulating the use of the Premises, and any covenants or restrictions of record, and accepts this Lease subject thereto and to all matters disclosed thereby. Tenant acknowledges that neither Landlord nor any agents, employees or representatives of Landlord has made any representation or warranty as to the present or future suitability of the Premises for the conduct of Tenant's business. Landlord shall have no construction obligations whatsoever regarding tenant improvements for Tenant.
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Status of the Premises. Tenant acknowledges: that Landlord has acquired the fee interest in the Premises from ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, LLC, an affiliate of Tenant, as of the date hereof; that prior to the date hereof, Tenant was and that Tenant currently remains in possession of the Premises; and that Tenant has examined the Premises, is familiar with the physical condition of the Premises and is leasing the same in “as is” condition. Landlord has not made and does not make any representations or warranties as to the physical condition, expenses, operation and maintenance, zoning, status of title, the use under applicable law that may be made of the Premises or any other matter or thing affecting or related to the Premises. Notwithstanding the foregoing, Landlord is responsible for ensuring compliance with all applicable governmental laws, rules and regulations at the Building except as set forth below. Tenant shall, in its use of the Premises, comply with the requirements of all applicable governmental laws, rules and regulations.
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Related to Status of the Premises

  • Condition of the Premises Tenant has examined the Premises, including the appliances and fixtures (☐ and furnishings), and acknowledges that they are in good condition and repair, normal wear and tear excepted, and accepts them in its current condition, except for:

  • SALE OF THE PREMISES In the event the Property is marketed to be sold by the Owner during the Term of this Agreement, the Agent: (check one)

  • DESCRIPTION OF THE PREMISES Prior to, or during the first month of the effective use (transfer of keys) of the rented property and whenever important alterations have been made to the rented property during the rental period, both parties are obliged to draw up a detailed and contradictory description of the property at their joint expense. If one of the parties so requests, the parties will draw up a detailed and contradictory description of the premises at their joint expense at the end of the rental period. In the absence of an initial description of the premises, the tenant is deemed to have received the property in the condition in which it is in at the time they leave, except if the necessary proof to the contrary is provided. The same applies if no final description of the premises has been drawn up by the end date of the contract. After signature by the contracting parties, the description of the premises will be appended to the present agreement. The lessor has the right to make the reimbursement or release of the deposit dependent on the drawing up of the final description of the premises in the presence of the tenant or their representative, at a mutually agreed time. The lessor will make every effort to be present at this description of the premises at a reasonable time.

  • The Premises 2.1.1 Subject to the terms hereof, Landlord hereby leases the Premises to Tenant and Tenant hereby leases the Premises from Landlord. Landlord and Tenant acknowledge that the rentable square footage of the Premises is as set forth in Section 1.2.2 and the rentable square footage of the Building is as set forth in Section 1.6; provided, however, that Landlord may from time to time re-measure the Premises and/or the Building in accordance with any generally accepted measurement standards selected by Landlord and adjust Tenant’s Share based on such re-measurement; provided further, however, that any such re-measurement shall not affect the amount of Base Rent payable for, the determination of Tenant’s Share with respect to, or the amount of any tenant allowance applicable to, the initial Term. At any time Landlord may deliver to Tenant a notice substantially in the form of Exhibit C, as a confirmation of the information set forth therein. Tenant shall execute and return (or, by notice to Landlord, reasonably object to) such notice within five (5) days after receiving it, and if Tenant fails to do so, Tenant shall be deemed to have executed and returned it without exception. 2.1.2 Except as expressly provided herein, the Premises are accepted by Tenant in their configuration and condition existing on the date hereof, without any obligation of Landlord to perform or pay for any alterations to the Premises, and without any representation or warranty regarding the configuration or condition of the Premises, the Building or the Project or their suitability for Tenant’s business. Landlord shall deliver the Premises to Tenant with the floors cleared of trash and swept and free from occupancy by any other party. The foregoing provisions of this Section 2.1.2 shall not limit Landlord’s obligations under Section 7 or Tenant’s rights under Section 6.3.

  • Leased Premises Lessor hereby leases to Lessee, and Lessee leases and takes from Lessor, the Leased Premises subject to the conditions of this Lease.