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

Maintenance and Repair of Property and Chattels. Mortgagor will at all times maintain or cause the maintenance of the Property and the Chattels in good condition and repair, will diligently prosecute or cause the prosecution of the completion of any building or other improvement which is at any time in the process of construction on the Property, and will (subject to the terms of the Leases) promptly repair, restore, replace, or rebuild, or cause the repair, restoration, replacement or rebuilding of, 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 Mortgagor (or Mortgagor shall cause the same to be so paid) whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Mortgagor will comply with, or cause the compliance with (or obtain a legally enforceable variance therefrom), 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 Mortgagor is not otherwise in default hereunder, Mortgagor may, upon providing Mortgagee with security reasonably satisfactory to Mortgagee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Subject to the rights of tenants under the Leases, Mortgagee and any person authorized by Mortgagee may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times. Notwithstanding anything to the contrary set forth in this Security Instrument or any other Loan Document, Mortgagee agrees that for so long as the Verizon Lease is in full force and effect, to the extent Verizon Tenant is obligated to perform certain Property-related operation and maintenance obligations that Mortgagor is obligated to perform pursuant to the Loan Documents, then Mortgagor shall perform or cause Verizon Tenant to perform such obligations; provided, however, that the forgoing is not intended to limit Mortgagor’s liability to Mortgagee for any breach of or default under the Loan Documents if such obligations are not performed.

Maintenance and Repair of Property and Chattels. Mortgagor Grantor will at all times maintain or cause the maintenance of the Property and the Chattels in good condition and repair, will diligently prosecute or cause the prosecution of the completion of any building or other improvement which is at any time in the process of construction on the Property, and will (subject to the terms of the Leases) promptly repair, restore, replace, or rebuild, or cause the repair, restoration, replacement or rebuilding of, 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 Mortgagor Grantor (or Mortgagor Grantor shall cause the same to be so paid) whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Mortgagor Grantor will comply with, or cause the compliance with (or obtain a legally enforceable variance therefrom), 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 Mortgagor Grantor is not otherwise in default hereunder, Mortgagor Grantor may, upon providing Mortgagee Beneficiary with security reasonably satisfactory to MortgageeBeneficiary, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Subject to the rights of tenants under the Leases, Mortgagee Beneficiary and any person authorized by Mortgagee Beneficiary may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times. Notwithstanding anything to the contrary set forth in this Security Instrument or any other Loan Document, Mortgagee Beneficiary agrees that for so long as the Verizon OC Lease is in full force and effect, to the extent Verizon OC Tenant is obligated to perform certain Property-related operation and maintenance obligations that Mortgagor Grantor is obligated to perform pursuant to the Loan Documents, then Mortgagor Grantor shall perform or cause Verizon OC Tenant to perform such obligations; provided, however, that the forgoing is not intended to limit MortgagorGrantor’s liability to Mortgagee Beneficiary for any breach of or default under the Loan Documents if such obligations are not performed.

Maintenance and Repair of Property and Chattels. Mortgagor will at all times maintain or cause the maintenance of the Property and the Chattels in good condition and repair, will diligently prosecute or cause the prosecution of the completion of any building or other improvement which is at any time in the process of construction on the Property, and and, provided Mortgagee makes proceeds available therefor pursuant to SECTIONS 4.5 or 4.8, as applicable, will (subject to the terms of the Leases) promptly repair, restore, replace, or rebuild, or cause the repair, restoration, replacement or rebuilding of, 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 cut of the tie foregoing shall be paid by Mortgagor (or Mortgagor shall cause the same to be so paid) whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Mortgagor will comply with, or cause the compliance with (or obtain a legally enforceable variance therefrom), all statutes, ordinances, and other governmental or quasi‑governmental 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 Mortgagor is not otherwise in default hereunder, Mortgagor may, upon providing Mortgagee with security reasonably satisfactory to Mortgagee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Subject to the rights of tenants under the Leases, Mortgagee and any person authorized by Mortgagee may may, upon prior written notice, enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times. Notwithstanding anything to the contrary set forth in this Security Instrument or any other Loan Document, Mortgagee agrees that for so long as the Verizon Lease is in full force and effect, to the extent Verizon Tenant is obligated to perform certain Property-related operation and maintenance obligations that Mortgagor is obligated to perform pursuant to the Loan Documents, then Mortgagor shall perform or cause Verizon Tenant to perform such obligations; provided, however, that the forgoing is not intended to limit Mortgagor’s liability to Mortgagee for any breach of or default under the Loan Documents if such obligations are not performed.