Common use of Maintenance of Rights of Way, Easements and Licenses Clause in Contracts

Maintenance of Rights of Way, Easements and Licenses. Grantor will maintain, preserve and renew all rights-of-way, easements, grants, privileges, licenses and franchises reasonably necessary for the use of the Mortgage Property from time to time and will not, without the prior consent of Beneficiary, initiate, join in or consent to any private restrictive covenant or other public or private restriction as to the use of the Mortgaged Property.

Maintenance of Rights of Way, Easements and Licenses. Grantor will maintain, preserve and renew all rights-of-way, easements, grants, privileges, licenses and franchises reasonably necessary for the use of the Mortgage Mortgaged Property from time to time and will not, without the prior consent of Beneficiary, not initiate, join in or consent to any private restrictive covenant or other public or private restriction as to the use of the Mortgaged Property if such action could reasonably be expected to result in a material adverse effect on the usefulness or fair market value of the Mortgaged Property.