Zoning and Uses. (i) To the Borrowers’ knowledge, the existing use of each Secured Property by the applicable Beneficial Owner complies in all material respects with all Applicable Laws. (ii) To the Borrowers’ knowledge, each Secured Property complies with all municipal, zoning and parking requirements under Applicable Laws. (iii) No Credit Party has received notice of any proposed rezoning of all or any part of any Secured Property. (iv) No Credit Party has received notice of any expropriation of all or any part of any Secured Property.
Appears in 2 contracts
Sources: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.)
Zoning and Uses. (i) To the Borrowers’ knowledge, the existing use of each the Secured Property by the applicable Beneficial Owner complies in all material respects with all Applicable Laws.
(ii) To the Borrowers’ knowledge, each the Secured Property complies with all municipal, zoning and parking requirements under Applicable Laws.
(iii) No Credit Party has received notice of any proposed rezoning of all or any part of any the Secured Property.
(iv) No Credit Party has received notice of any expropriation of all or any part of any the Secured Property.
Appears in 2 contracts
Sources: Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.), Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.)