Common use of Grantor’s Affirmative Covenants with Respect to Leases Clause in Contracts

Grantor’s Affirmative Covenants with Respect to Leases. With respect to each Lease, the Grantor shall: (i) observe and perform, in all material respects, all the obligations imposed upon the Landlord under such Lease; (ii) promptly send copies to the Beneficiary of all notices of default which the Grantor shall send or receive thereunder; and (iii) enforce all of the terms, covenants and conditions contained in such Lease upon the part of the Tenant thereunder to be observed or performed to the extent it would be commercially reasonable to do so.

Appears in 5 contracts

Samples: Deed of Trust (Jacobs Entertainment Inc), Credit Line Deed of Trust (Jacobs Entertainment Inc), Credit Line Deed of Trust (Jacobs Entertainment Inc)

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Grantor’s Affirmative Covenants with Respect to Leases. With respect to each Lease, the each Grantor that has an interest in such Lease shall: (i) observe and perform, in all material respects, all the obligations imposed upon the Landlord under such Lease; (ii) promptly send copies to the Beneficiary of all notices of default which the such Grantor shall send or receive thereunder; and (iii) enforce all of the terms, covenants and conditions contained in such Lease upon the part of the Tenant thereunder to be observed or performed to the extent it would be commercially reasonable to do so.

Appears in 1 contract

Samples: Fee and Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Raceland Truck Plaza & Casino LLC)

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Grantor’s Affirmative Covenants with Respect to Leases. With respect to each Lease, the Grantor shall: (i) observe and perform, perform in all material respects, respects all the obligations imposed upon the Landlord under such Lease; (ii) promptly send copies to the Beneficiary of all notices of default which the Grantor shall send or receive thereunder; and (iii) enforce all of the material terms, covenants and conditions contained in such Lease upon the part of the Tenant thereunder to be observed or performed to the extent it would be commercially reasonable to do soperformed.

Appears in 1 contract

Samples: Purchase Agreement (Terremark Worldwide Inc)

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