Common use of Condition of Mortgaged Property Clause in Contracts

Condition of Mortgaged Property. Master Tenant shall maintain, or cause to be maintained, in decent, safe, and sanitary condition and good repair the Healthcare Facility and any other parts of the Project for which the Master Tenant is responsible for maintaining pursuant to the Master Lease. Master Tenant shall not remodel, reconstruct, add to, or demolish, without the prior written consent of HUD, any part of the Project or subtract from any real or personal property of the Project, except in the ordinary course of business. Master Tenant shall not use (or allow the Operator to use) any portion of the Project for any purpose except the Approved Use. To the extent of the authority it has retained under the Borrower-Operator Agreement, Master Tenant shall permit HUD and/or Lender to conduct a physical inspection of the Healthcare Facility at any reasonable time upon reasonable notice.

Appears in 5 contracts

Samples: www.hud.gov, www.hud.gov, www.hud.gov

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