Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve Borrower from its obligation to perform the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements.
Appears in 5 contracts
Samples: Loan Agreement (Assisted 4 Living, Inc.), Loan Agreement (Global Medical REIT Inc.), Loan Agreement (Global Medical REIT Inc.)
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve Borrower Borrowers from its their obligation to perform the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements.
Appears in 3 contracts
Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc)
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve any Borrower from its obligation to perform (or cause to be performed) the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve Borrower from its obligation to perform the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements...
Appears in 2 contracts
Samples: Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.)
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve any Borrower from its obligation to perform the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements.
Appears in 2 contracts
Samples: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Hard Rock Hotel Holdings, LLC)
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve Borrower from its obligation to perform or cause to be performed the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements.
Appears in 1 contract
Balance in Required Repair Account. The insufficiency of any balance in the Required Repair Account shall not relieve Borrower from its obligation to perform the Required Repairs in a good and workmanlike manner and in accordance with all Legal Requirements. If the repairs set forth on Schedule II are completed and there are excess funds in the Required Repair Account, such excess funds shall be returned to Borrower.
Appears in 1 contract
Samples: Loan Agreement (Eagle Hospitality Properties Trust, Inc.)
