Common use of Performance of Replacements Clause in Contracts

Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the Property in condition and repair consistent with other first class, full service retail properties in the same market segment in the metropolitan area in which the Property is located, and to keep the Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 30 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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Performance of Replacements. (a) Borrower shall make or cause to be made Replacements when required in order to keep the Property in condition and repair consistent with other first class, full service class retail properties centers in the same market segment in the metropolitan area in which the Property is located, and to keep the Property or any portion thereof from deterioratingdeteriorating in any material respect. Borrower shall complete or cause to be completed all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Cole Credit Property Trust II Inc)

Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the Property in condition and repair consistent with other first class, full service class retail properties in the same market segment in the metropolitan area in which the Property is located, and to keep the Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 2 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the Property in condition and repair consistent with other first class, full service retail properties in the same market segment in the metropolitan area in which the Property Properly is located, and to keep the Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Performance of Replacements. (a) Each Borrower shall make Replacements when required in order to keep the applicable Property in condition and repair consistent with other first class, full service retail properties in the same market segment in the metropolitan area in which the respective Property is located, and to keep the each Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Loan Agreement (First Potomac Realty Trust)

Performance of Replacements. (a) Borrower shall make Replacements each Replacement when required in order to keep the Mortgaged Property in condition good order and repair consistent with other first classand in a good, full service retail properties in the same market segment in the metropolitan area in which the Property is located, marketable condition and to keep the Mortgaged Property or any portion thereof from deteriorating. Borrower shall complete all such Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Replacement Reserve Agreement (Dm Management Co /De/)

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Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the Property each Asset in condition and repair consistent with other first classhotels of similar quality, full service retail properties in the same market segment and in the metropolitan area in which the Property such Asset is located, and to keep the Property each Asset or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Loan Agreement (Bristol Hotel Co)

Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the each Individual Property in condition and repair consistent with other first class, full service retail properties hotel or first class, full service hotel and office properties, as applicable, in the same market segment and under the same franchisor in the metropolitan area in which the respective Individual Property is located, and to keep the each Individual Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Loan Agreement (Capstar Hotel Co)

Performance of Replacements. (a) Borrower shall make Replacements when required in order to keep the Property in condition and repair consistent with other first class, full service retail properties in the same market segment in the metropolitan area in which the Property is located, and to keep the Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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