Common use of Condition of Buildings and Collateral Clause in Contracts

Condition of Buildings and Collateral. All Collateral is to be used solely by the Borrower in connection with its business. The Borrower is to maintain the Collateral and they are to maintain their buildings, plants, improvements and structures in good condition, repair and in compliance with all zoning laws, ordinances, and regulations of governmental authorities having jurisdiction.

Condition of Buildings and Collateral. All Collateral is to be used solely by the Borrower in connection with its business. The Borrower is to maintain the Collateral and they are it is to maintain their the Property and all buildings, plants, improvements and structures thereon in good conditioncondition and repair, repair ordinary wear and tear excepted, and in compliance with all zoning laws, ordinances, and regulations of governmental authorities having jurisdiction.

Condition of Buildings and Collateral. All Collateral is to be used solely by the Borrower in connection with its business. The Borrower is to maintain the Collateral and they are to maintain in all material respects their buildings, plants, improvements and structures in good condition, repair and in compliance with all zoning laws, ordinances, and regulations of governmental authorities having jurisdiction.

Condition of Buildings and Collateral. All Collateral is to be used solely by the Borrower in connection with its business. The Borrower is to maintain the Collateral and they are Borrower is to maintain their its buildings, plants, improvements and structures in good condition, repair and in compliance with all zoning laws, ordinances, and regulations of governmental authorities having jurisdiction.