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