Common use of Existence; Compliance with Legal Requirements Clause in Contracts

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply with all Legal Requirements applicable to it and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the Property.

Appears in 8 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Sun Communities Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply in all material respects with all Legal Requirements applicable to it and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used necessary in connection with the operation of the Property.

Appears in 6 contracts

Samples: Work Letter Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply with all Legal Requirements applicable to it and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the Property.

Appears in 4 contracts

Samples: Loan Agreement (AmREIT, Inc.), Loan Agreement (Strategic Storage Trust, Inc.), Loan Agreement (American Assets Trust, Inc.)

Existence; Compliance with Legal Requirements. (a) Borrower and Mortgage Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply in all material respects with all Legal Requirements applicable to it it, Mortgage Borrower and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Collateral, the Property or any part thereof or any monies paid in performance of Borrower's obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the Property.

Appears in 3 contracts

Samples: Senior Mezzanine Loan Agreement (Maguire Properties Inc), Mezzanine Loan Agreement (Maguire Properties Inc), Mezzanine Loan Agreement (Maguire Properties Inc)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply in all material respects with all Legal Requirements applicable to it and the related Individual Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the any Individual Property or any material part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used to the extent necessary in connection with the operation of the each Individual Property.

Appears in 2 contracts

Samples: Loan Agreement (Bon Ton Stores Inc), Loan Agreement (Bon Ton Stores Inc)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply in all material respects with all Legal Requirements applicable to it and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the Property.

Appears in 2 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply in all material respects with all Legal Requirements applicable to it and the Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the Property.

Appears in 2 contracts

Samples: Loan Agreement (CNL Income Properties Inc), Loan Agreement (CNL Income Properties Inc)

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Existence; Compliance with Legal Requirements. (a) Borrower Borrowers shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its their existence, rights, licenses, permits and franchises and materially comply with all Legal Requirements applicable to it and the related Individual Property. Borrower Borrowers hereby covenants covenant and agrees agree not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the any Individual Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower Borrowers shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the each Individual Property.

Appears in 2 contracts

Samples: Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply with all Legal Requirements applicable to it and the each Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the any Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used by it, its Affiliated Lessees and any Affiliated Manager in connection with the operation of the each Property.

Appears in 1 contract

Samples: Loan Agreement (RFS Partnership Lp)

Existence; Compliance with Legal Requirements. (a) Borrower shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its their existence, rights, licenses, permits and franchises and materially comply with all Legal Requirements applicable to it and the related Individual Property. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Governmental Authority the right of forfeiture as against the any Individual Property or any part thereof or any monies paid in performance of Borrower's ’s obligations under any of the Loan Documents. Borrower shall at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of the each Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Extra Space Storage Inc.)

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