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

Maintenance and Repair of Property and Chattels. 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, provided that Lender will make any insurance proceeds available in accordance with Section 4.5 above and any condemnation awards available in accordance with Section 4.8 below. All costs and expenses arising out of the foregoing shall be paid by Borrower whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. 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 no Event of Default exists hereunder, Borrower may, upon providing Lender with security reasonably satisfactory to Lender, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Lender and any person authorized by Lender may enter and inspect the Property at all reasonable times upon reasonable advance written notice to Borrower, and may inspect the Chattels, wherever located, at all reasonable times upon reasonable advance written notice to Borrower.

Maintenance and Repair of Property and Chattels. Borrower Mortgagor 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, provided that Lender will make any applicable insurance proceeds or condemnation awards are made available in accordance with for such purpose pursuant to Section 4.5 above and any condemnation awards available in accordance with Section 4.8 belowor 4.9 hereof. All costs and expenses arising out of the foregoing shall be paid by Borrower Xxxxxxxxx whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Borrower Mortgagor 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 no Event of Default exists Mortgagor is not otherwise in default hereunder, Borrower Mortgagor may, upon providing Lender Mortgagee with security reasonably satisfactory to LenderMortgagee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Lender Mortgagee and any person authorized by Lender Mortgagee may enter and inspect the Property at all reasonable times upon reasonable advance written notice to Borrowertimes, and may inspect the Chattels, wherever located, at all reasonable times upon reasonable advance written notice to Borrowertimes.

Maintenance and Repair of Property and Chattels. Borrower Mortgagor 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, provided that Lender will make any applicable insurance proceeds or condemnation awards are made available in accordance with for such purpose pursuant to Section 4.5 above and any condemnation awards available in accordance with Section or 4.8 belowhereof. All costs and expenses arising out of the foregoing shall be paid by Borrower Xxxxxxxxx whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Borrower Mortgagor 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 no Event of Default exists Mortgagor is not otherwise in default hereunder, Borrower Mortgagor may, upon providing Lender Mortgagee with security reasonably satisfactory to LenderMortgagee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Lender Mortgagee and any person authorized by Lender Mortgagee may enter and inspect the Property at all reasonable times upon reasonable advance written notice to Borrowertimes, and may inspect the Chattels, wherever located, at all reasonable times upon reasonable advance written notice to Borrowertimes.

Maintenance and Repair of Property and Chattels. Borrower Mortgagor 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, provided that Lender will make any applicable insurance proceeds or condemnation awards are made available in accordance with for such purpose pursuant to Section 4.5 above and any condemnation awards available in accordance with Section or 4.8 belowhereof. All costs and expenses arising out of the foregoing shall be paid by Borrower Mortgagor whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Borrower Mortgagor 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 no Event of Default exists Mortgagor is not otherwise in default hereunder, Borrower Mortgagor may, upon providing Lender Mortgagee with security reasonably satisfactory to LenderMortgagee, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or requirement. Lender Mortgagee and any person authorized by Lender Mortgagee may enter and inspect the Property at all reasonable times upon reasonable advance written notice to Borrowertimes, and may inspect the Chattels, wherever located, at all reasonable times upon reasonable advance written notice to Borrowertimes.