Alteration and Waste Clause Samples

Alteration and Waste. Except as may be permitted by the Credit Agreement, no Improvements will be materially altered or demolished or removed in whole or in part by the Borrower. The Borrower will not commit any material waste on any portion of the Mortgaged Property or make any alteration to, or change in the use of, the Mortgaged Property that will materially diminish the utility thereof, except as may be permitted under the Credit Agreement, or materially increase any ordinary fire or other hazard insurance relating to the operation thereof (but in no event shall any such alteration or change be contrary to the terms of any insurance policy required to be kept pursuant to Article IV). The Borrower will maintain and operate the Improvements and Personal Property in good repair, working order and condition, reasonable wear and tear excepted.