Common use of PERFORMANCE OF AGREEMENTS AND LEASES Clause in Contracts

PERFORMANCE OF AGREEMENTS AND LEASES. Each Borrower Party shall duly and punctually perform, observe and comply in all material respects with all of the terms, provisions, conditions, covenants and agreements on its part to be performed, observed and complied with (i) hereunder and under the other Loan Documents to which it is a party, and (ii) agreements entered into or assumed by such Person in connection with any of the Properties, and will not suffer or permit any default or event of default (giving effect to any applicable notice requirements and cure periods) to exist under any of the foregoing. Each Borrower shall comply with, observe and perform all of its respective material obligations as landlord under the Leases to which it is a party or by which it is bound, and shall enforce the material terms, covenants and conditions contained in the Leases upon the part of the tenants thereunder to be observed or performed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

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PERFORMANCE OF AGREEMENTS AND LEASES. Each Borrower Party shall duly and punctually perform, observe and comply in all material respects with all of the terms, provisions, conditions, covenants and agreements on its part to be performed, observed and complied with (i) hereunder and under the other Loan Documents to which it is a party, party and (ii) all material agreements entered into or assumed by such Person in connection with any of the PropertiesProperty, and will not suffer or permit any default or event of default (giving effect to any applicable notice requirements and cure periods) to exist under any of the foregoing. Each Borrower shall comply with, observe and perform all of its respective Borrower's material obligations as landlord under the all Leases to which it is a party or by which it is bound, and shall enforce the material terms, covenants and conditions contained in the Leases upon the part of the tenants thereunder to be observed or performed.

Appears in 1 contract

Samples: Loan and Security Agreement (HRPT Properties Trust)

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PERFORMANCE OF AGREEMENTS AND LEASES. Each Borrower Party shall duly and punctually perform, observe and comply in all material respects with all of the terms, provisions, conditions, covenants and agreements on its part to be performed, observed and complied with (i) hereunder and under the other Loan Documents to which it is a party, and (ii) agreements entered into or assumed by such Person in connection with any of the Properties, and will not suffer or permit any default or event of default (giving effect to any applicable notice requirements and cure periods) to exist under any of the foregoing. Each Borrower Borrowers shall comply in all material respects with, observe and perform all of its respective Borrowers' material obligations as landlord under the Leases to which it is a party or by which it is bound, and shall enforce the material terms, covenants and conditions contained in the Leases upon the part of the tenants thereunder to be observed or performed.

Appears in 1 contract

Samples: Loan and Security Agreement (Education Realty Trust, Inc.)

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