Maintenance and Preservation of Property Sample Clauses

Maintenance and Preservation of Property. (a) Mortgagor shall insure (or cause its tenant to insure) the Property as more specifically required by the Credit Agreement and keep the Property in good condition and repair. (b) Mortgagor shall not remove or demolish the Property or any part of it, or materially alter, restore or add to the Property, or initiate or allow any change or variance in any zoning or other Premises use classification which materially and adversely affects the Property or any part of it, except as permitted or required by the Credit Agreement or with Mortgagee’s express prior written consent in each instance, which consent shall not be unreasonably withheld, delayed or conditioned. (c) If all or part of the Property becomes damaged or destroyed, Mortgagor shall promptly and completely repair and/or restore the Property in a good and workmanlike manner in accordance with (and as required by) the Credit Agreement. (d) Mortgagor shall not commit or allow any act upon or use of the Property which would violate (i) any applicable Laws or order of any Governmental Authority, whether now existing or later to be enacted and whether foreseen or unforeseen, in any material adverse manner; or (ii) any public or private covenant, condition, restriction or equitable servitude affecting the Property. Mortgagor shall not bring or keep any article on the Property or cause or allow any condition to exist on it, if that could invalidate or would be prohibited by any insurance coverage required to be maintained by Mortgagor on the Property or any part of it under the Credit Agreement. (e) Mortgagor shall not commit or allow waste of the Property, including those acts or omissions characterized under the Credit Agreement as waste which arises out of Hazardous Material. (f) Mortgagor shall perform (or cause to be performed) all other acts which from the character or use of the Property may be reasonably necessary to maintain and preserve its value.

Maintenance and Preservation of Property. (a) Mortgagor shall insure the Property as required by Schedule 11 of the Credit Agreement and keep the Property in good condition and repair. (b) Except as required by the terms of any lease approved by Administrative Agent, Mortgagor shall not remove or demolish the Property or any material part of it in any way, or materially alter, restore or add to the Property, or initiate or allow any material change or variance in any zoning or other Premises use classification which adversly affects the Property or any material part of it, except with Mortgagee's express prior written consent in each instance; the term "materially" or "material" as used in this Section 5.7(b) shall mean having a monetary effect in an amount greater than (i) $500,000 with respect to any Community Center and (ii) $1,000,000 with respect to any Regional Mall.

Maintenance and Preservation of Property. (a) Mortgagor shall keep its Property in good condition and repair and shall not commit or allow waste of the Property. No Mortgagor shall remove or demolish the Property or any part of it, or alter, restore or add to the Property, or initiate or allow any change in any zoning or other land use classification which affects the Property or any part of it, except with Mortgagee's express prior written consent in each instance. (b) If all or part of the Property becomes damaged or destroyed, the applicable Mortgagor shall promptly and completely repair and/or restore the Property in a good and workmanlike manner in accordance with sound building practices, regardless of whether or not Mortgagee agrees to disburse insurance proceeds or other sums to pay costs of the work of repair or reconstruction under Paragraph 5.3. (c) No Mortgagor shall commit or allow any act upon or use of the Property which would violate any applicable law or order of any governmental authority, whether now existing or later to be enacted and whether foreseen or unforeseen, or any public or private covenant, condition, restriction or equitable servitude affecting the Property. No Mortgagor shall bring or keep any article on the Property or cause or allow any condition to exist on it, if that could invalidate or would be prohibited by any insurance coverage required to be maintained by such Mortgagor on the Property or any part of it under this Mortgage. (d) Mortgagor shall perform all other acts which from the character or use of the Property may be reasonably necessary to maintain and preserve its value.

Maintenance and Preservation of Property. (a) Mortgagor shall insure the Property as required by Schedule 11 of the Credit Agreement and keep the Property in good condition and repair. (b) Except as required by the terms of any lease approved by Administrative Agent, Mortgagor shall not remove or demolish the Property or any material part of it in any way, or materially alter, restore or add to the Property, or initiate or allow any material change or variance in any zoning or other Premises use classification which adversely affects the Property or any material part of it, except with Mortgagee's express prior written consent in each instance; the term "materially" or "material" as used in this Section 5.7(b) shall mean having a monetary effect in an amount greater than (i) $500,000 with respect to any Community Center and (ii) $1,000,000 with respect to any Regional Mall. Blaine, Minnesota

Maintenance and Preservation of Property. (a) Grantor shall insure the Property as required by Section 6.1(f) and Exhibit F of the Loan Agreement and keep the Property in good condition and repair. (b) Except for the demolition of the existing Dial Corporation improvements on the Premises, Grantor shall not remove or demolish the Improvements or any material part of the Improvements in any way, or materially alter, restore or add to the Improvements, or initiate or allow any material change or variance in any zoning or other Premises use classification which adversely affects the Premises or any material part of it, except with Beneficiary's express prior written consent in each instance; the term "materially" or "material" as used in this Section 5.7(b) shall mean having a monetary effect in an amount greater than $250,000.

Maintenance and Preservation of Property. Trustor shall: (a) immediately discharge any lien on the Property which Beneficiary has not consented to in writing, and shall also pay when due each obligation secured by or reducible to a lien, charge or encumbrance which now or hereafter encumbers or appears to encumber all or part of the Property, whether the lien, charge or encumbrance is or would be senior or subordinate to this Deed of Trust; (b) not alter, remove or demolish any portion of the Improvements; (c) keep the Property in good condition and repair; complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed and to pay when due all claims for labor performed and materials furnished; to comply with all laws affecting the Property or requiring any alterations or improvements to be made;. (d) maintain in full force and effect (i) property and hazard insurance for the full replacement value of the Improvements protecting against loss by fire, hazards included within the term “extended coverage,” and any other hazards for which Beneficiary requires insurance, except that Beneficiary shall not require earthquake coverage at any time prior to the occurrence and continuation of an Event of Default; (ii) general comprehensive liability insurance, specific to the Property in an amount not less than $1 million per occurrence and $2 in the aggregate, on an “occurrence” form, with $10 million in umbrella coverage (which may be blanket coverage and not Property specific) and with a deductible or self-retention not greater than $10,000; and (iii) such other insurance as may be required by Beneficiary. The insurance carrier shall be rated by A.M. Best at not less than “A-” (Financial Strength) with a “stable” or “positive” Outlook rating, and not less than “VIII” (Financial Size). The insurance policy terms, coverage, exclusions and limitations shall be acceptable to Beneficiary. All policies shall be endorsed to show Beneficiary as loss payee or as additional insured. All insurance shall be specific to the Property and to Trustor, and shall not be “blanket” coverage unless approved in writing by Trustor. All policies shall be endorsed to provide 30 days’ prior written notice to Beneficiary before a policy is modified or terminated. The amount collected under any property insurance or other insurance policy may be applied by Beneficiary to the Secured Obligations in such order as Beneficiary may determine, or at the option of Beneficiary the ...

Maintenance and Preservation of Property. (a) Trustor must insure the Property as required by the Loan Agreement and keep the Property in good condition and repair. (b) Trustor must not remove or demolish the Improvements, or any part thereof, or alter or add to the Improvements, or initiate or allow any change in any zoning or other land use classification which affects the Property or any part of it, except as permitted or required by the Loan Agreement or with Beneficiary's express prior written consent in each instance. (c) If all or part of the Property becomes damaged or destroyed, Trustor must promptly and completely repair and/or restore the Property in a good and workmanlike manner in accordance with sound building practices, regardless of whether or not Beneficiary agrees to disburse insurance proceeds or other sums to pay costs of the work of repair or reconstruction under Section 5.5. (d) Trustor must not commit or allow any waste of the Property. (e) Trustor must perform all other acts which from the character or use of the Property may be reasonably necessary to maintain and preserve its value and utility.

Maintenance and Preservation of Property. 5.6.1 Subject to Section 6.5 of the Credit Agreement, Trustor shall keep all Property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. 5.6.2 Subject to the terms of Section 2.13 of the Credit Agreement, if all or part of the Property becomes damaged or destroyed and Trustor elects to repair and/or restore all or part of the Property, Trustor shall promptly and completely repair and/or restore the Property in a good and workmanlike manner in accordance with sound building practices. If Trustor elects to repair and/or restore all or part of the Property, Trustor shall be obligated to repair and/or restore the Property in accordance with the immediately preceding sentence even if no insurance proceeds are available or the available insurance proceeds are not sufficient to pay for the entire cost of such repair and/or restoration. 5.6.3 Trustor shall not commit or allow any act upon or use of the Property which would violate: (i) any applicable law or order of any Governmental Authority, whether now existing or later to be enacted and whether foreseen or unforeseen (except to the extent that noncompliance would not cause a Material Adverse Effect or a License Revocation); or (ii) any public or private covenant, condition, restriction, equitable servitude or Contractual Obligation affecting the Property (except to the extent such violation is being contested by Trustor in good faith by appropriate proceedings or such violation would not cause a Material Adverse Effect).

Maintenance and Preservation of Property. Trustor shall not remove or demolish the Property or any part of it, or alter, restore or add to the Property, or initiate or allow any change in any zoning or other land use classification which affects the Property or any part of it, except as permitted or required by the Credit Agreement or with Beneficiary’s express prior written consent in each instance.

Maintenance and Preservation of Property. Mortgagor shall insure and maintain the Property as required by the Credit Agreement.