Common use of Care of Property Clause in Contracts

Care of Property. (a) Mortgagor shall preserve and maintain the Property in good condition and repair, ordinary wear and tear excepted. Mortgagor shall not permit, commit or suffer any material waste, impairment or deterioration of the Property or of any part thereof, and will not take any action which will materially increase the risk of fire or other hazard to the Property or to any part thereof.

Appears in 7 contracts

Samples: Leasehold Mortgage (Golfsmith International Holdings Inc), Golfsmith International Holdings Inc, Golfsmith International Holdings Inc

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Care of Property. (a) Mortgagor shall preserve and maintain the Property in good condition and repair, ordinary wear and tear excepted. Mortgagor shall not permit, commit or suffer any material waste, impairment or deterioration of the Property or of any part thereof, and will not take any action which will materially increase the risk of fire or other hazard to the Property or to any part thereof.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Tropical Sportswear International Corp), Fixture Filing and Security Agreement (Crown Crafts Inc), Fixture Filing and Security Agreement (Crown Crafts Inc)

Care of Property. (a) Mortgagor shall preserve and maintain the Mortgaged Property in good condition and repair, ordinary wear and tear excepted. Mortgagor shall not permit, commit or suffer any material waste, impairment or deterioration of the Mortgaged Property or of any part thereof, and will not take any action which will materially increase the risk of fire or other hazard to the Mortgaged Property or to any part thereof.

Appears in 1 contract

Samples: Assignment and Security Agreement (Sea Pines Associates Inc)

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Care of Property. (a) The Mortgagor shall preserve and maintain the Property in good condition and repair, ordinary wear and tear excepted. The Mortgagor shall not permit, commit or suffer any material waste, impairment or deterioration of the Property or of any part thereof, and will not take any action which will materially increase the risk of fire or other hazard to the Mortgaged Property or to any part thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Marriott Hotel Properties LTD Partnership)

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