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

Existence; Compliance with Legal Requirements. 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 (including all local and state liquor licenses and permits), permits and franchises and comply with all Legal Requirements applicable to it and the Property. There shall never be committed by Borrower, and Borrower shall never permit any other Person in occupancy of or involved with the operation or use of the Property to commit any act or omission affording any Governmental Authority the right of forfeiture against the Property or any part thereof or any monies paid in performance of Borrower’s obligations under the Loan Documents. Borrower covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provision.

Existence; Compliance with Legal Requirements. (a) Each Individual 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 (including all local and state liquor licenses and permits)licenses, permits and franchises franchises, and comply comply, in all material respects, with all Legal Requirements applicable to it and the Property. There shall never be committed by Borrower, Borrower and Borrower shall never not knowingly permit any other Person in occupancy of or involved with the operation or use of the Property to commit any act or omission affording the federal government or any Governmental Authority State or local government the right of forfeiture against the Property or any material part thereof or any monies paid in performance of Borrower’s obligations under any of the Loan Documents. Borrower hereby covenants and agrees not to commit, nor to knowingly permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in this Agreement. Borrower shall keep or cause to be kept the Loan Documents Property insured at all times, to such extent and shall cause Sole Member to cause Master Tenant to comply with the terms of against such risks, and maintain liability and such other insurance, as is more fully provided in this provisionAgreement.

Existence; Compliance with Legal Requirements. 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 (including all local and state liquor licenses and permits), permits and franchises and comply with all Legal Requirements applicable to it and the PropertyProperty including, without limitation, completing all applications necessary to cause final issuance of all such licenses, permits and similar certificates in the name of Borrower or Manager. There shall never be committed by Borrower, and Borrower shall never permit use commercially reasonable efforts to prevent any other Person in occupancy of or involved with the operation or use of the Property to commit from committing, any act or omission affording any Governmental Authority the right of forfeiture against the Property or any part thereof or any monies paid in performance of Borrower’s obligations under the Loan Documents. Borrower covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provisionDocuments.

Existence; Compliance with Legal Requirements. 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 (including licenses, permits, franchises and all local and state liquor licenses and permits), permits and franchises applicable governmental authorizations necessary for the operation of the Property and comply with all Legal Requirements applicable to it and the Property, unless such failure to preserve, renew, keep or comply is not reasonably expected to result in a Material Adverse Effect. There shall never be committed by Borrower, Borrower and Borrower shall never not permit any other Person in occupancy of or involved with the operation or use of the Property to commit any act or omission affording the federal government or any Governmental Authority state or local government the right of forfeiture against the Property or any part thereof or any monies paid in performance of Borrower’s obligations under any of the Loan Documents. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provisionMortgage.

Existence; Compliance with Legal Requirements. Each Borrower and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses (including all local and state liquor licenses and permits), permits and franchises and comply with all Legal Requirements applicable to it and the PropertyProperties including, without limitation, completing all applications necessary to cause final issuance of all such licenses, permits and similar certificates in the name of Borrower or Property Manager. There shall never be committed by any Borrower, and each Borrower shall never permit use commercially reasonable efforts to prevent any other Person in occupancy of or involved with the operation or use of the any Property to commit from committing any act or omission affording any Governmental Authority the right of forfeiture against the any Property or any part thereof or any monies paid in performance of Borrower’s Borrowers’ obligations under the Loan Documents. Borrower covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all material franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, Properties in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provisionDocuments.

Existence; Compliance with Legal Requirements. Each of Borrower and Sole Member shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses (including all local and state liquor licenses and permits)licenses, permits and franchises and comply with all Legal Requirements applicable to it and the Property. There shall never be committed by Borrower, Borrower and Borrower shall never not permit any other Person in occupancy of or involved with the operation or use of the Property to commit any act or omission affording the federal government or any Governmental Authority state or local government the right of forfeiture against the Property or any part thereof or any monies paid in performance of Borrower’s obligations under any of the Loan Documents. Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s businessapplicable, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, (or use diligent efforts to cause the Ground Tenant to keep) the Property to be kept, in good working order and repair, and from time to time make, or use reasonable, diligent efforts to cause the Ground Tenant to be mademake, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and Security Instrument. Borrower shall keep (or cause Sole Member to cause Master Ground Tenant to comply with keep) the terms of Property insured at all times by financially sound and reputable insurers, to such extent and against such risks, and maintain liability and such other insurance, as is more fully provided in this provisionAgreement.

Existence; Compliance with Legal Requirements. Borrower shall do or cause to be done (or shall cause Senior Borrower to cause to be done) all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses (including all local and state liquor licenses and permits)licenses, permits and franchises and comply with all Legal Requirements applicable to it and the Property. There shall never be committed by Borrower or Senior Borrower, and Borrower shall never permit any other Person in occupancy of or involved with the operation or use of the Property to commit any act or omission affording any Governmental Authority the right of forfeiture against the Property or the Collateral or any part thereof or any monies paid in performance of Borrower’s obligations under the Loan Documents. Borrower covenants and agrees not to (and shall not permit Senior Borrower to) commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall (or shall cause Senior Borrower to) at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provisionDocuments.

Existence; Compliance with Legal Requirements. Each Borrower and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses (including all local and state liquor licenses and permits)licenses, permits and franchises and comply with all Legal Requirements applicable to it and the PropertyProperties including, without limitation, completing all applications necessary to cause final issuance of all such licenses, permits and similar certificates in the name of Borrower or Property Manager. There shall never be committed by any Borrower, and no Borrower shall never permit any other Person in occupancy of or involved with the operation or use of the any Property to commit any act or omission affording any Governmental Authority the right of forfeiture against the any Property or any part thereof or any monies paid in performance of Borrower’s Borrowers’ obligations under the Loan Documents. Borrower covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. To the extent material to the conduct of Borrower’s business, Borrower shall at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and shall keep the Property, or cause the Property to be kept, Properties in good working order and repair, and from time to time make, or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto, all as more fully provided in the Loan Documents and shall cause Sole Member to cause Master Tenant to comply with the terms of this provisionDocuments.