Operation; Maintenance; Inspection. Each Borrower shall observe and comply with (or cause observance and compliance with) all legal requirements applicable to the ownership, use and operation of the Projects. Borrowers shall maintain (or cause to be maintained) the Projects in good condition and promptly repair any damage or casualty.
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Samples: Loan Agreement (Cornerstone Healthcare Plus Reit, Inc.), Loan Agreement (Ensign Group, Inc)
Operation; Maintenance; Inspection. Each Borrower shall observe and comply with (or cause observance and compliance with) all legal requirements applicable to the ownership, use and operation of the Projects. Borrowers shall maintain (or cause to be maintained) the Projects in good condition and promptly repair any damage or casualty, including, without limitation, emergency call systems and generators.
Appears in 1 contract
Samples: Loan Agreement (Ensign Group, Inc)
Operation; Maintenance; Inspection. Each Borrower shall observe and comply with (or cause observance and compliance with) all legal requirements applicable to the ownership, use and operation of the Projects. Borrowers Borrower shall maintain (or cause to be maintained) the Projects in good condition condition, ordinary wear and tear excepted, and promptly after receipt or all necessary permits and approvals, including any approvals which Borrower is required to obtain from Agent or Lender under the terms of this Agreement or any of the other Loan Documents, repair any damage or casualty.
Appears in 1 contract
Samples: Loan Agreement (Emeritus Corp\wa\)
Operation; Maintenance; Inspection. Each Borrower shall observe and comply comply, in all material respects, with (or cause observance and compliance with) all legal requirements applicable to the ownership, use and operation of the Projects. Borrowers Borrower shall maintain (or cause to be maintained) the Projects in good condition and promptly repair (or cause to be repaired) any damage or casualty.
Appears in 1 contract
Operation; Maintenance; Inspection. Each Borrower shall observe and comply with (or cause observance and compliance with) in all material respects all legal requirements applicable to the ownership, use and operation of the Projects. Borrowers shall maintain (or cause to be maintained) the Projects in good condition and promptly repair any damage or casualty.
Appears in 1 contract
