Common use of Alteration of Mortgaged Property Clause in Contracts

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (A) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (B) Replacement of tangible Personalty. (C) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (D) Repairs and Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (E) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicable.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to the terms of Sections 4.03 or 4.04. , (Bii) Replacement in connection with the replacement of tangible Personalty. , (Ciii) If if Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. , (Div) Repairs and Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to the terms of Sections 6.09(a) and (c). , and (Ev) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicable.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (Bii) Replacement Repairs or Capital Replacements made in connection with the replacement of tangible Personalty. (Ciii) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (Div) Repairs and or Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (Ev) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicableReserved. (vi) Reserved.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (A) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (B) Replacement of tangible Personalty. (C) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (D) Repairs and Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (E) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicable. (ii) Reserved.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (Bii) Replacement Repairs or Capital Replacements made in connection with the replacement of tangible Personalty. (Ciii) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (Div) Repairs and or Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (Ev) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicableReserved.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (Bii) Replacement Repairs or Capital Replacements made in connection with the replacement of tangible Personalty. (Ciii) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (Div) Repairs and or Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (Ev) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicableReserved. (vi) Reserved. (vii) Reserved. (viii) Reserved.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by LenderLxxxxx, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, LenderLxxxxx’s security or LenderLxxxxx’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (Bii) Replacement Repairs or Capital Replacements made in connection with the replacement of tangible Personalty. (Ciii) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (Div) Repairs and or Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (Ev) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicableReserved.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s security or Lender’s rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (Ai) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (Bii) Replacement Repairs or Capital Replacements made in connection with the replacement of tangible Personalty. (Ciii) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (Div) Repairs and or Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (v) Reserved. (E) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicable.

Alteration of Mortgaged Property. (i) Borrower will give Notice to Lender of and, unless otherwise directed in writing by Lender, will appear in and defend any action or proceeding purporting to affect the Mortgaged Property, Lender’s 's security or Lender’s 's rights under this Loan Agreement. Borrower will not (and will not permit any tenant or other Person to) remove, demolish or alter the Mortgaged Property or any part of the Mortgaged Property, including any removal, demolition or alteration occurring in connection with a rehabilitation of all or part of the Mortgaged Property, except that each of the following is permitted: (A) Repairs or Capital Replacements pursuant to Sections 4.03 or 4.04. (B) Replacement of tangible Personalty. (C) If Borrower is a cooperative housing corporation or association, Repairs or Capital Replacements to the extent permitted with respect to individual dwelling units under the form of a proprietary lease or occupancy agreement. (D) Repairs and Capital Replacements in connection with making an individual unit ready for a new occupant or pursuant to Sections 6.09(a) and (c). (E) Repairs made in connection with and pursuant to the Repair Schedule of Work, if applicable. (ii) Reserved.