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 shall comply, or cause Mortgage Borrower to comply in all material respects, with all Legal Requirements applicable to it, the Collateral, any Mortgage Principal’s general partner interest in the related Mortgage Borrower Entity and the Properties. There shall never be committed by Borrower, and Borrower shall not permit or cause Mortgage Borrower to permit any other Person in occupancy of or involved with the operation or use of the Properties any act or omission affording the federal government or any State or local government the right of forfeiture against any Individual 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 permit or cause Mortgage Borrower to commit, permit or suffer to exist any act or omission affording such right of forfeiture. Borrower shall at all times cause Mortgage Borrower to 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 Properties in good working order and repair, and from time to time make, or cause to be made, all repairs, renewals, replacements, betterments and improvements thereto reasonably necessary to maintain each Individual Property as a first class luxury residential apartment building and in a condition similar to other first class luxury residential apartment buildings of a type and size similar to such Individual Property, all as more fully provided in this Agreement.

Existence; Compliance with Legal Requirements. (a) Borrower shall, or shall cause the applicable Master Tenant to, 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, franchises and shall comply, or cause Mortgage Borrower to comply in all material respects, respects with all Legal Requirements applicable to itBorrower, the Collateraleach Master Tenant, any Mortgage Principal’s general partner interest in the related Mortgage Borrower Entity each Lineage Subtenant and the Properties, including, without limitation, Prescribed Laws, building and zoning codes and certificates of occupancy. There shall never be committed by Borrower, Xxxxxxxx and Borrower shall not permit any Tenant (including any Master Tenant, the Lineage Subtenants and any Third Party Subtenant) or cause Mortgage Borrower to permit any other Person in occupancy of or involved with the operation or use of the Properties any Individual Property to commit any act or omission affording the federal government or any State or local government Governmental Authority the right of forfeiture against Borrower’s interest in any Individual 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 cause Mortgage suffer to exist (and Borrower shall not permit any Master Tenant to commit, permit or suffer to exist exist) any act or omission affording such right of forfeiture. Borrower shall (and Borrower shall cause each Master Tenant to) at all times cause Mortgage Borrower to 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 business. Borrower shall (or shall cause the applicable Master Tenant to) keep the Properties in good working order and repairrepair and, and from time to time maketime, make or cause to be made, all reasonably necessary repairs, renewals, replacements, betterments and improvements thereto reasonably necessary to maintain each Individual Property as a first class luxury residential apartment building and in a condition similar to other first class luxury residential apartment buildings of a type and size similar to such Individual Property, all as more fully provided in this Agreement.,

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 shall comply, or cause Mortgage Borrower and Mezzanine A Borrower, as applicable to comply in all material respects, with all Legal Requirements applicable to it, the Collateral, the Mezzanine A Collateral, any Mortgage Principal’s general partner interest in the related Mortgage Borrower Entity, any Mezzanine A Principal’s general partner interest in the related Mezzanine A Borrower Entity and the Properties. There shall never be committed by Borrower, and Borrower shall not permit or cause Mortgage Borrower to permit any other Person in occupancy of or involved with the operation or use of the Properties any act or omission affording the federal government or any State or local government the right of forfeiture against any Individual 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 permit or cause Mortgage Borrower to commit, permit or suffer to exist any act or omission affording such right of forfeiture. Borrower shall at all times cause Mortgage Borrower to 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 Properties in good working order and repair, and from time to time make, or cause to be made, all repairs, renewals, replacements, betterments and improvements thereto reasonably necessary to maintain each Individual Property as a first class luxury residential apartment building and in a condition similar to other first class luxury residential apartment buildings of a type and size similar to such Individual Property, all as more fully provided in this Agreement.

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 shall comply, or cause Mortgage Borrower to comply comply, in all material respects, with all Legal Requirements applicable to it, the Collateral, any Mortgage Principal’s general partner interest in the related Mortgage Borrower Entity Collateral and the Properties. There shall never be committed by Borrower, and Borrower shall not permit or cause Mortgage Borrower to permit any other Person in occupancy of or involved with the operation or use of the Properties any act or omission affording the federal government or any State or local government the right of forfeiture against 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 hereby covenants and agrees not to permit or cause Mortgage Borrower to commit, permit or suffer to exist any act or omission affording such right of forfeiture. Borrower shall, or shall cause Pledgor to cause Operating Lessee to, at all times cause Mortgage Borrower to keep, 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 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 reasonably necessary to maintain each Individual Property as a first class luxury residential apartment building and in a condition similar to other first class luxury residential apartment buildings of a type and size similar to such Individual Propertythereto, all as more fully provided in the Loan Documents. Borrower shall cause Mortgage Borrower to keep, the Properties 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 Agreement. Borrower shall cause Mortgage Borrower or Pledgor shall cause Operating Lessee to operate any Individual Property that is the subject of any O&M Program in accordance with the terms and provisions thereof in all material respects.

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 shall comply, or cause Mortgage Borrower to comply comply, in all material respects, with all Legal Requirements applicable to it, the Collateral, any Mortgage Principal’s general partner interest in the related Mortgage Borrower Entity Collateral and the Properties. There shall never be committed by Borrower, and Borrower shall not permit or cause Mortgage Borrower to permit any other Person in occupancy of or involved with the operation or use of the Properties any act or omission affording the federal government or any State or local government the right of forfeiture against 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 hereby covenants and agrees not to permit or cause Mortgage Borrower to commit, permit or suffer to exist any act or omission affording such right of forfeiture. Borrower shall, or shall cause Pledgor to cause Operating Lessee to, at all times cause Mortgage Borrower to keep, 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 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 reasonably necessary to maintain each Individual Property as a first class luxury residential apartment building and in a condition similar to other first class luxury residential apartment buildings of a type and size similar to such Individual Propertythereto, all as more fully provided in the Loan Documents. Borrower shall cause Mortgage Borrower to keep, the Properties 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 Agreement. Pledgor shall cause Mortgage Borrower or Borrower shall cause Operating Lessee to operate any Individual Property that is the subject of any O&M Program in accordance with the terms and provisions thereof in all material respects.