Common use of Zoning and Use Clause in Contracts

Zoning and Use. (i) To the best of the knowledge of the Parties no part of the Real Property is subject to any building or use restriction that restricts or prevents the present use of the Real Property; (ii) To the best of the knowledge of the Company the Real Property is properly and duly zoned for its current use. (iii) To the best of the knowledge of the Company there are no violations of any rule, regulation, code, resolution, ordinance, statute or law of any government, governmental agency or Insurance Board of Underwriters involving the use, maintenance, operation or condition of the Real Property or any part thereof; (iv) There are no outstanding notices or orders directed to the Company of any governmental authority having jurisdiction over the Real Property not fully and duly complied with, affecting the use or operation of any part of the Real Property or requiring, as of the date hereof or as of a specified or unspecified date in the future, any repairs or alterations or additions or improvements thereto; (v) All necessary permits and licenses required in connection with the current uses of the Real Property have been obtained and are currently in full force and effect; (vi) To the best of the knowledge of the Company the Facility, is not located in any conservation or historic district, but is in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards. (vii) The Company has not received any recommendation from any of its insurers with respect to the Facility which has not been acted upon to the satisfaction of such insurer;

Appears in 1 contract

Sources: Merger Agreement (Medijane Holdings Inc.)

Zoning and Use. (i) To Except as set forth on Schedule 4.7, to the best of the knowledge of the Parties Company no part of the Real Property Property, including the Facility, is subject to any building or use restriction that restricts or prevents the present use of the Real Property, including the Facility; (ii) To the best of the knowledge of the Company the Real Property Property, including the Facility, is properly and duly zoned for its current use. (iii) To the best of the knowledge of the Company there are no violations of any rule, regulation, code, resolution, ordinance, statute or law of any government, governmental agency or Insurance Board of Underwriters involving the use, maintenance, operation or condition of the Real Property Property, including the Facility, or any part thereof; (iv) There are no outstanding notices or orders directed to the Company of any governmental authority having jurisdiction over the Real Property Property, including the Facility, not fully and duly complied with, affecting the use or operation of any part of the Real Property Property, including the Facility, or requiring, as of the date hereof or as of a specified or unspecified date in the future, any repairs or alterations or additions or improvements thereto; (v) All necessary permits and licenses required in connection with the current uses of the Real Property Facility, have been obtained and are currently in full force and effect;; and (vi) To the best of the knowledge of the Company the Facility, is not located in any conservation or historic district, but is in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards. (vii) The Company has not received any recommendation from any of its insurers with respect to the Facility which has not been acted upon to the satisfaction of such insurer;

Appears in 1 contract

Sources: Merger Agreement (Interland Inc /Mn/)