Common use of PERFORMANCE OF CONDOMINIUM PROPERTY DOCUMENTS Clause in Contracts

PERFORMANCE OF CONDOMINIUM PROPERTY DOCUMENTS. The Condominium Borrower shall fully and faithfully pay when due and payable all assessments, common charges and other charges payable by the Condominium Borrower under the Condominium Property Documents and shall perform as and when due each of its material obligations under the Condominium Property Documents in substantial accordance with their respective terms, and shall not cause or suffer to occur any breach or default in any of such obligations. The Condominium Borrower shall keep and maintain each of the Condominium Property Documents in full force and effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)

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