Common use of Alterations, Additions, etc Clause in Contracts

Alterations, Additions, etc. So long as no Event of Default --------------------------- shall have occurred and be continuing, the Grantor shall have the right at any time and from time to time to make or cause to be made reasonable alterations of and additions to the Property or any part thereof, provided that any alteration -------- ---- or addition: (a) shall not change the general character of the Property or reduce the fair market value thereof below its value immediately before such alteration or addition, or impair the usefulness of the Property; (b) is effected with due diligence, in a good and workmanlike manner and in compliance with all Legal Requirements and Insurance Requirements; and (c) is promptly and fully paid for, or caused to be paid for, by the Grantor.

Appears in 1 contract

Samples: Aristotle Corp

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Alterations, Additions, etc. So long as no Event of Default --------------------------- shall have occurred and be continuing, the Grantor Mortgagor shall have the right at any time and from time to time to make or cause to be made reasonable alterations of and additions to the Property or any part thereof, provided that any alteration -------- ---- or addition: (a) shall not change the general character or the use of the Property or reduce the fair market value thereof below its value immediately before such alteration or addition, or impair the usefulness of the Property; (b) is effected with due diligence, in a good and workmanlike manner and in compliance in all material respects with all Legal Requirements and Insurance Requirements; and (c) subject to Section 1.8 is promptly and fully paid for, or caused to be paid for, by the Grantor.Mortgagor; and (d) is made, in case the estimated

Appears in 1 contract

Samples: Sterling Chemical Inc

Alterations, Additions, etc. So long as no Event of Default --------------------------- ---------------------------- shall have occurred and be continuing, the Grantor Mortgagor shall have the right at any time and from time to time to make or cause to be made reasonable alterations of and additions to the Property or any part thereof, provided that any alteration -------- ---- or addition: (a) shall not change the general character of the Property or reduce the fair market value thereof below its value immediately before such alteration or addition, or impair the usefulness of the Property; (b) is effected with due diligence, in a good and workmanlike manner and in compliance with all Legal Requirements and Insurance Requirements; and (c) is promptly and fully paid for, or caused to be paid for, by the GrantorMortgagor.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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Alterations, Additions, etc. So long as no Event of Default --------------------------- ---------------------------- shall have occurred and be continuing, the Grantor Trustor shall have the right at any time and from time to time to make or cause to be made reasonable alterations of and additions to the Property or any part thereof, provided that any alteration -------- ---- or addition: (a) shall not change the general character of the Property or reduce the fair market value thereof below its value immediately before such alteration or addition, or impair the usefulness of the Property; (b) is effected with due diligence, in a good and workmanlike manner and in compliance with all Legal Requirements and Insurance Requirements; and (c) is promptly and fully paid for, or caused to be paid for, by the GrantorTrustor.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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