Common use of Maintenance of Real Estate Clause in Contracts

Maintenance of Real Estate. Each Borrower shall keep and maintain its Real Estate and all improvements thereon in good condition and repair (ordinary wear and tear excepted) and shall maintain the value and utility thereof and shall maintain such Real Estate in conformity with all applicable building and zoning codes and other applicable laws, statutes, rules and regulations. Each Borrower shall maintain its leased real property in the same manner as its owned Real Estate, and comply with the terms of its leases of Real Estate, in accordance with the applicable leases.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc)

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Maintenance of Real Estate. Each Borrower shall keep Keep and maintain its the Real Estate and all improvements thereon in good condition and repair (ordinary wear and tear excepted) and shall maintain the value and utility thereof and shall maintain such Real Estate in conformity with all applicable building and zoning codes and other applicable laws, statutes, rules and regulations. Each Borrower shall maintain its leased real property in the same manner as its owned Real Estate, and comply with the terms of its leases of Real Estate, in accordance with the applicable leases.

Appears in 1 contract

Samples: Secured Credit Agreement (Tro Learning Inc)

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Maintenance of Real Estate. Each The Borrower shall keep and maintain its the Real Estate and all improvements thereon in good condition and repair (ordinary wear and tear excepted) and shall maintain the value and utility thereof and shall maintain such Real Estate in conformity with all applicable building and zoning codes and other applicable laws, statutes, rules and regulations. Each The Borrower shall maintain its leased real property in the same manner as its owned Real Estate, and comply with the terms of its leases of Real Estatesuch real property, in accordance with the applicable leases.

Appears in 1 contract

Samples: Loan and Security Agreement (Brothers Gourmet Coffees Inc)

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