Common use of Maintenance Repairs and Alterations Clause in Contracts

Maintenance Repairs and Alterations. Grantor shall keep and maintain the Property in good condition and repair and fully protected from the elements to the satisfaction of Bank. Grantor will not remove, demolish or structurally alter any of the buildings or other improvements on the Property (except such alterations as may be required by laws, ordinances or regulations) without the prior written consent of Bank. Grantor shall promptly notify Bank in writing of any material loss, damage or adverse condition affecting the Property.

Maintenance Repairs and Alterations. Grantor shall keep and maintain the Property in good condition and repair and fully protected from the elements to the satisfaction of BankBeneficiary. Grantor will not remove, demolish demolish, or structurally alter any of the buildings or other improvements on the Property (except such alterations as may be required by laws, ordinances ordinances, or regulations) without the prior written consent of BankBeneficiary. Grantor shall promptly notify Bank Beneficiary in writing of any material loss, damage damage, or adverse condition affecting the Property.