Common use of Maintenance and Repair of Property and Chattels Clause in Contracts

Maintenance and Repair of Property and Chattels. Trustor will at all times maintain the Property and the Chattels in good condition and repair, will diligently prosecute the completion of any building or other improvement which is at any time in the process of construction on the Property, and will promptly repair, restore, replace, or rebuild any part of the Property or the Chattels which may be affected by any casualty or any public or private taking or injury to the Property or the Chattels. All costs and expenses arising out of the foregoing shall be paid by Trustor whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Trustor will comply with all statutes, ordinances, and other governmental or quasi-governmental requirements and private covenants relating to the ownership, construction, use, or operation of the Property, including but not limited to any environmental or ecological requirements; provided, that so long as Trustor is not otherwise in default hereunder, Trustor may, upon providing Beneficiary with security reasonably satisfactory to Beneficiary, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Beneficiary and any person authorized by Beneficiary may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times.

Maintenance and Repair of Property and Chattels. Trustor Grantor will at all times maintain the Property and the Chattels in good condition and repair, will diligently prosecute the completion of any building or other improvement which is at any time in the process of construction on the Property, and will promptly repair, restore, replace, or rebuild any part of the Property or the Chattels which may be affected by any casualty or any public or private taking or injury to the Property or the Chattels. All costs and expenses arising out of the foregoing shall be paid by Trustor Grantor whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Trustor Grantor will comply with all statutes, ordinances, and other governmental or quasi-governmental requirements and private covenants relating to the ownership, construction, use, or operation of the Property, including but not limited to any environmental or ecological requirements; provided, that so long as Trustor Grantor is not otherwise in default hereunder, Trustor Grantor may, upon providing Beneficiary Grantee with security reasonably satisfactory to BeneficiaryGrantee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Beneficiary Grantee and any person authorized by Beneficiary Grantee may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times.

Maintenance and Repair of Property and Chattels. Trustor Borrower will at all times maintain the Property and the Chattels in good condition and repair, will diligently prosecute the completion of any building or other improvement which is at any time in the process of construction on the Property, and will promptly repair, restore, replace, or rebuild any part of the Property or the Chattels which may be affected by any casualty or any public or private taking or injury to the Property or the Chattels. All costs and expenses arising out of the foregoing shall be paid by Trustor Borrower whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Trustor Borrower will comply with all statutes, ordinances, and other governmental or quasi-governmental requirements and private covenants relating to the ownership, construction, use, or operation of the Property, including but not limited to any environmental or ecological requirements; provided, that so long as Trustor Borrower is not otherwise in default hereunder, Trustor Borrower may, upon providing Beneficiary Lender with security reasonably satisfactory to BeneficiaryLender, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Beneficiary Lender and any person authorized by Beneficiary Lender may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times, upon prior reasonable notice to Borrower.