Mortgagor’s Covenants. 4.1 Mortgagor will pay or perform the Obligations promptly when due in accordance with the Agreements. Mortgagor will do and perform every act required of it by the Agreements at the time or times and in the manner specified.
4.2 Mortgagor will not sell, assign, lease, exchange, transfer, convey or otherwise dispose of all or any portion of the Mortgaged Property or any interest therein.
4.3 Mortgagor will not create, incur, assume, or permit to exist any judgment, lien, or other encumbrance against all or any portion of the Mortgaged Property, except for (a) liens in favor of Mortgagee; (b) liens for taxes, assessments, or other governmental charges not yet due; and (c) any other liens specifically permitted by Mortgagee in writing.
4.4 Mortgagor will maintain, preserve, and keep the Mortgaged Property at all times in good repair, working order and condition and will, from time to time, make all necessary repairs and improvements to the Mortgaged Property.
4.5 Mortgagor will observe and comply with all laws, statutes, codes, acts, ordinances, orders, judgments, decrees, injunctions, rules, regulations, certificates, permits, licenses, authorizations, directions, and requirements of all federal, state, parish, municipal and other governments, departments, commissions, boards, courts, authorities, officials and officers domestic or foreign, applicable to Mortgagor or to the Mortgaged Property.
4.6 Mortgagor will pay and discharge promptly when due all taxes, assessments and governmental charges or levies imposed on it or on its income or on the Mortgaged Property, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a lien upon any or all of the Mortgaged Property. Mortgagor shall notify Mortgagee immediately if the Mortgaged Property, or any part thereof, becomes subject to seizure by any person other than Mortgagee. Mortgagor shall deliver to Mortgagee proof of payment of all real estate taxes and assessments before they become delinquent within 10 days after the payment thereof.
4.7 If any governmental authority shall impose any taxation of mortgages or the obligations they secure, Mortgagor agrees to pay such governmental taxes, assessments or charges either to the governmental authority or to Mortgagee, as provided by law.
4.8 Mortgagor will permit any officer, employee or agent of Mortgagee to visit and inspect the Mortgaged Property, examine the books of record and accounts of Mor...
Mortgagor’s Covenants. The Mortgagor covenants and agrees as follows:
Mortgagor’s Covenants. In order to induce the Mortgagee to enter into this Mortgage, the Credit Agreement and the other Loan Documents, the Mortgagor agrees that all of the covenants set forth in the Credit Agreement are incorporated into this Mortgage by reference as if fully set forth herein.
Mortgagor’s Covenants. Mortgagor covenants:
Mortgagor’s Covenants. The Mortgagor covenants and agrees with Mortgagee as follows:
Mortgagor’s Covenants. (1) The Mortgagor hereby covenants with the Mortgagee that:- the Mortgagor will promptly and diligently perform and comply with the obligations on its part contained in the Sale and Purchase Agreements, remedy any breach of its obligations under the Sale and Purchase Agreements, notify the Mortgagee of any breach of or default of any term of the Sale and Purchase Agreements and institute and prosecute all such proceedings as the Mortgagee may consider to be necessary or advisable to preserve or protect its interests and the interests of the Mortgagee under the Sale and Purchase Agreements;
Mortgagor’s Covenants. In order to induce the Mortgagee to enter into this Mortgage, the Credit Agreement and the other Loan Documents, the Mortgagor agrees that the covenants of Mortgagor set forth in the Credit Agreement, solely to the extent applicable to the Mortgaged Property, this Mortgage and/or Mortgagor in its capacity as Mortgagor hereunder, are incorporated into this Mortgage by reference as if fully set forth herein and are of full force and effect as if made by Mortgagor herein.
Mortgagor’s Covenants. Mortgagor hereby covenants and agrees with Bank as follows:
Mortgagor’s Covenants. Mortgagor covenants and agrees for the benefit of Mortgagee as follows:
Mortgagor’s Covenants. Mortgagor hereby covenants and agrees as follows: Mortgagor will strictly comply with all Environmental Laws, and, as soon as practicable, will notify Mortgagee of the presence of or any release of Hazardous Materials at, upon, under or within the Land, or of the receipt by Mortgagor of any notice from any Governmental Authority or from any tenant or other occupant or from any other person with respect to any alleged such release or presence, promptly upon discovery of such release or presence or receipt of such notice, and will send to Mortgagee copies of all results of environmental assessments and tests at the Land. Without limiting the generality of the foregoing, Mortgagor, as soon as practicable, will give to Mortgagee notice of the commencement of any litigation or threat of litigation relating to any alleged release of any Hazardous Materials at, upon, under or within the Land. Mortgagor, as soon as practicable, will deliver to Mortgagee any documentation or records Mortgagee may reasonably request and which are susceptible of being obtained by Mortgagor without undue cost or expense and without the necessity for initiating legal proceedings to obtain the same in connection with all such notices, inquiries, and communications, and shall endeavor to advise Mortgagee of any subsequent developments.
