Common use of Maintenance; Damage and Destruction Clause in Contracts

Maintenance; Damage and Destruction. (a) During the course of both construction and operation of the Development, Borrower shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory Agreements. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 5 contracts

Samples: Home and Hopwa Loan Agreement, Development Loan Agreement, Development Loan Agreement

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Maintenance; Damage and Destruction. (a) During the course of both construction of the Improvements and operation of the Development, Borrower Developer shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lendersSenior Lenders, and if economically feasible in the County's judgment after consultation with BorrowerDeveloper, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower Developer shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 2 contracts

Samples: Disposition, Development, and Loan Agreement, Disposition, Development, and Loan Agreement

Maintenance; Damage and Destruction. (a) During the course of both construction and operation of the Development, Borrower shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 2 contracts

Samples: Development Loan Agreement, Home and Hopwa Loan Agreement

Maintenance; Damage and Destruction. (a) During the course of both construction and the operation of the DevelopmentDevelopment and the performance of the Rehabilitation, Borrower Xxxxxxxx shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 1 contract

Samples: Hopwa Loan Agreement

Maintenance; Damage and Destruction. (a) During the course of both construction rehabilitation and operation of the Development, Borrower shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 1 contract

Samples: CDBG Loan Agreement

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Maintenance; Damage and Destruction. (a) During the course of both construction and operation of the DevelopmentImprovements, Borrower shall maintain the Development Property and the Property Improvements in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 1 contract

Samples: Development Loan Agreement

Maintenance; Damage and Destruction. (a) During the course of both construction of the Improvements and operation of the Development, Borrower shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory AgreementsAgreement. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 1 contract

Samples: Disposition, Development, and Loan Agreement

Maintenance; Damage and Destruction. (a) During the course of both construction and operation of the Development, Borrower shall maintain the Development and the Property in good repair and in a neat, clean and orderly condition, and in accordance with the Regulatory Agreements. (b) Subject to the requirements of senior lenders, and if economically feasible in the County's judgment after consultation with Borrower, if any improvement now or in the future on the Property is damaged or destroyed, then Borrower shall, at its cost and expense, diligently undertake to repair or restore such improvement consistent with the plans and specifications approved by the County with such changes as have been approved by the County. Such work or repair is to be commenced no later than the later of one hundred twenty (120) days, or such longer period approved by the County in writing, after the damage or loss occurs or thirty

Appears in 1 contract

Samples: Home and Hopwa Loan Agreement

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