Business Maintenance. Borrower shall maintain operational requirements for the Property such that the Property are maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities similar to the Property.
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Business Maintenance. Borrower shall cause Mortgage Borrower to maintain operational requirements for the Property such that the Property are is maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are is located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities office properties similar to the Property.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Business Maintenance. Borrower shall maintain operational requirements for the Property such that the Property are is maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are is located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities residential and live/work properties similar to the Property.
Appears in 1 contract
Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)
Business Maintenance. Borrower shall maintain operational requirements for the Property such that the Property are is maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are is located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities hotel or resort developments similar to the Property.
Appears in 1 contract
Business Maintenance. Borrower shall maintain operational requirements for the Property such that the Property are is maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are is located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities office properties similar to the Property.
Appears in 1 contract
Samples: Senior Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Business Maintenance. Borrower shall maintain operational requirements for the Property such that the Property are is maintained in accordance with the standards consistent with commercially reasonable customs and practices in the area where the Property are is located (subject to normal wear and tear), and with the commercially reasonable customs and practice found in the development and management of first class facilities office properties similar to the Property.. 4.1.30
Appears in 1 contract
Samples: Senior Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
