Common use of Maintenance of Property Alterations Clause in Contracts

Maintenance of Property Alterations. Mortgagor shall keep and maintain the Property in good condition, repair and working order, damage from casualty expressly not excepted, shall make all such needful and proper repairs, replacements, additions and improvements thereto as shall be necessary for the proper conduct of its business thereon, and shall not permit or commit waste on the Property. Mortgagor shall not permit removal or structural alteration of anything which constitutes a part of the Property without the consent of Mortgagee, which consent shall not be unreasonably withheld, conditioned or delayed. The Mortgagor may remove personal property or fixtures which have become obsolete, provided that Mortgagor shall substitute personal property or fixtures of equal utility and equal or greater value for the items so removed. The Mortgagor shall have the right at all times to make or permit such alterations, improvements or new construction, structural or otherwise, (herein sometimes called collectively "alterations"), of or on the Property to be made in all cases subject to the following conditions: (a) all work done in connection with any alterations shall be done promptly and in a first-class and workmanlike manner; (b) the cost of all alterations shall be paid promptly so as to keep the Property free of all liens; (c) no alterations of any kind shall be made to the Property which shall change the use or reduce the value of the Property in any respect; and (d) no alteration involving an estimated cost of materials and construction labor as estimated by a licensed architect or contractor reasonably approved by the Mortgagor in excess of $1,000,000 shall be undertaken without the prior written consent of Mortgagee, which shall not be unreasonably withheld, conditioned or delayed. Mortgagor shall permit Mortgagee to enter the Property at any reasonable time to determine whether Mortgagor is in compliance with its obligations under this Mortgage. All construction on the Property shall comply with, and each and every part of the Property shall be maintained and used in accordance with, all applicable federal, state and local laws and governmental regulations, and any lawful private restrictions or other requirements or provisions, relating to the maintenance or use thereof.

Maintenance of Property Alterations. Mortgagor shall keep and maintain the Property in good condition, repair and working order, damage from casualty expressly not excepted, shall make all such needful and proper repairs, replacements, additions and improvements thereto as shall be necessary for the proper conduct of its business thereon, and shall not permit or commit waste on the Property. Mortgagor shall not permit removal or structural alteration of anything which constitutes a part of the Property without the consent of Mortgagee, which consent shall not be unreasonably withheld, conditioned or delayed. The Mortgagee except that Mortgagor may remove personal property or fixtures which have become obsolete, provided that Mortgagor shall substitute personal property or fixtures of equal utility and equal or greater value for the items so removed. The Mortgagor shall have the right at all times to make or permit such alterations, improvements or new construction, structural or otherwise, (herein sometimes called collectively "alterations"), of or on the Property to be made in all cases subject to the following conditions: (a) all work done in connection with any alterations shall be done promptly and in a first-class and workmanlike manner; (b) the cost of all alterations shall be paid promptly so as to keep the Property free of all liens; (c) no alterations of any kind shall be made to the Property which shall change the use or reduce the value of the Property in any respect; and (d) no alteration involving an estimated cost of materials and construction labor as estimated by a licensed architect or contractor reasonably approved by the Mortgagor in excess of $1,000,000 shall be undertaken without the prior written consent of Mortgagee, which shall not be unreasonably withheld, conditioned withheld or delayed. Mortgagor shall permit Mortgagee to enter the Property at any reasonable time to determine whether Mortgagor is in compliance with its obligations under this Mortgage. All construction on the Property shall comply with, and each and every part of the Property shall be maintained and used in accordance with, all applicable federal, state and local laws and governmental regulations, and any lawful private restrictions or other requirements or provisions, relating to the maintenance or use thereof.

Maintenance of Property Alterations. Mortgagor shall keep and maintain the Property in good condition, repair and working order, damage from casualty expressly not excepted, shall make all such needful and proper repairs, replacements, additions and improvements thereto as shall be necessary for the proper conduct of its business thereon, and shall not permit or commit waste on the Property. If no Senior Debt is outstanding, Mortgagor shall not permit removal or structural alteration of anything which constitutes a part of the Property without the consent of Mortgagee, which consent shall not be unreasonably withheld, conditioned withheld or delayed. The Mortgagor may remove personal property or fixtures which have become obsolete, provided that PROVIDED THAT Mortgagor shall substitute personal property or fixtures of equal utility and equal or greater value for the items so removed. The Mortgagor shall have the right at all times to make or permit such alterations, improvements or new construction, structural or otherwise, (herein sometimes called collectively "alterations"), of or on the Property to be made in all cases subject to the following conditions: (a) all work done in connection with any alterations shall be done promptly and in a first-class and workmanlike manner; (b) the cost of all alterations shall be paid promptly so as to keep the Property free of all liens; (c) no alterations of any kind shall be made to the Property which shall change the use or reduce the value of the Property in any respect; and (d) no alteration involving an estimated cost of materials and construction labor as estimated by a licensed architect or contractor reasonably approved by the Mortgagor in excess of $1,000,000 shall be undertaken at a time when no Senior Debt is outstanding without the prior written consent of Mortgagee, which shall not be unreasonably withheld, conditioned withheld or delayed. Mortgagor shall permit Mortgagee to enter the Property at any reasonable time to determine whether Mortgagor is in compliance with its obligations under this Mortgage. All construction on the Property shall comply with, and each and every part of the Property shall be maintained and used in accordance with, all applicable federal, state and local laws and governmental regulations, and any lawful private restrictions or other requirements or provisions, relating to the maintenance or use thereof.

Maintenance of Property Alterations. To the extent that Mortgagor has a right to do so, Mortgagor shall keep and maintain the Property in good condition, repair and working order, damage from casualty expressly not excepted, shall make all such needful and proper repairs, replacements, additions and improvements thereto as shall be necessary for the proper conduct of its business thereon, and shall not permit or commit waste on the Property. Mortgagor shall not permit removal or structural alteration of anything which constitutes a part of the Property without the consent of Mortgagee, which consent shall not be unreasonably withheld, conditioned or delayed. The Mortgagor may remove personal property or fixtures which have become obsolete, provided that Mortgagor shall substitute personal property or fixtures of equal utility and equal or greater value for the items so removed. The Mortgagor shall have the right at all times to make or permit such alterations, improvements or new construction, structural or otherwise, (herein sometimes called collectively "alterations"), of or on the Property to be made in all cases subject to the following conditions: (a) all work done in connection with any alterations shall be done promptly and in a first-class and workmanlike manner; (b) the cost of all alterations shall be paid promptly so as to keep the Property free of all liens; (c) no alterations of any kind shall be made to the Property which shall change the use or reduce the value of the Property in any respect; and (d) no alteration involving an estimated cost of materials and construction labor as estimated by a licensed architect or contractor reasonably approved by the Mortgagor in excess of $1,000,000 shall be undertaken without the prior written consent of Mortgagee, which shall not be unreasonably withheld, conditioned or delayed. Mortgagor shall permit Mortgagee to enter the Property at any reasonable time to determine whether Mortgagor is in compliance with its obligations under this Mortgage. All construction on the Property shall comply with, and each and every part of the Property shall be maintained and used in accordance with, all applicable federal, state and local laws and governmental regulations, and any lawful private restrictions or other requirements or provisions, relating to the maintenance or use thereof.