Common use of Maintenance of Permits Clause in Contracts

Maintenance of Permits. Borrower shall obtain, keep and constantly maintain in full force and effect during the entire term of this Mortgage, all certificates, licenses and permits necessary to keep the Property operating for the Existing Use and, except as specifically provided for in this Mortgage, not to assign, transfer or in any manner change such certificates, licenses or permits without first receiving the written consent of Lender.

Appears in 5 contracts

Samples: Mortgage and Security Agreement (Inland Western Retail Real Estate Trust Inc), Mortgage Modification and Amended and Restated Mortgage and Security Agreement (Inland Western Retail Real Estate Trust Inc), Assumption and Ratification of Mortgage and Security Agreement (Inland American Real Estate Trust, Inc.)

AutoNDA by SimpleDocs

Maintenance of Permits. Borrower shall obtain, keep and constantly maintain in full force and effect during the entire term of this Mortgage, all certificates, licenses and permits necessary to keep the Property operating for the Existing Use and, except as specifically provided for in this Mortgage, shall not to assign, transfer or in any manner change such certificates, licenses or permits without first receiving the written consent of Lender.

Appears in 2 contracts

Samples: Open End Mortgage and Security Agreement (Hines Global Reit Ii, Inc.), Open End Mortgage and Security Agreement (Hines Global Reit Ii, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!