Common use of Compliance by Operator Clause in Contracts

Compliance by Operator. As to any part of the Properties which is operated by a party other than Mortgagor, Mortgagor agrees to take all such action and to exercise all rights and remedies as are available to Mortgagor (including, but not limited to, all rights under any operating agreement) which are reasonable and prudent (financially, operationally, or otherwise) to cause the party who is the operator of such Property to comply with the covenants and agreements contained herein. However, nothing contained herein shall be construed to permit Mortgagor to relinquish its position as Operator.

Compliance by Operator. As to any part of the Properties Property which is operated by a party other than Mortgagor, Mortgagor agrees to take all such action commercially reasonable actions and to exercise all rights and remedies as are available to Mortgagor (including, but not limited to, all rights under any operating agreement) which are reasonable and prudent (financially, operationally, or otherwise) to cause the party who is the operator of such Property to comply with the covenants and agreements contained herein. However, nothing contained herein shall be construed to permit Mortgagor to relinquish its position as Operator.

Compliance by Operator. As to any part of the Properties which is operated by a party other than Mortgagor, Mortgagor agrees to take all such action commercially reasonable actions and to exercise all rights and remedies as are available to Mortgagor (including, but not limited to, all rights under any operating agreement) which are reasonable and prudent (financially, operationally, or otherwise) to cause the party who is the operator of such Property to comply with the covenants and agreements contained herein. However, nothing contained herein shall be construed to permit Mortgagor to relinquish its position as Operator.