Performance of Replacements. Borrower shall make, or shall cause to be made, Replacements when required in order to keep each Individual Property in condition and repair consistent with other comparable properties in the same market segment in the metropolitan area in which the applicable Individual Property is located, and to keep 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 4 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Necessity Retail REIT, Inc.), Loan Agreement (Healthcare Trust, Inc.)
Performance of Replacements. Borrower shall make, or shall cause to be made, make Replacements when required in order to keep each Individual the Property in condition and repair consistent with other comparable office properties in the same market segment in the metropolitan area in which the applicable Individual Property is located, and to keep each Individual 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 3 contracts
Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.)
Performance of Replacements. (a) Borrower shall make, or shall cause to be made, make Replacements when required in order to keep each Individual Property in condition and repair consistent with other comparable properties first class, full service hotels in the same market segment and under the same franchisor in the metropolitan area in which the applicable respective Individual Property is located, and to keep 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 2 contracts
Samples: Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc)
Performance of Replacements. (a) Borrower shall make, or shall cause to be made, make Replacements when required in order to keep each Individual the Property in condition and repair consistent with other comparable properties first class, full service hotels in the same market segment and under the same franchisor in the metropolitan area in which the applicable Individual Property is located, and to keep each Individual 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.
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Performance of Replacements. (a) Borrower shall make, or shall cause to be made, make Replacements when required in order to keep each Individual Property in condition and repair consistent with other comparable properties first class, full service hotels in the same market segment and under the same franchisor in the metropolitan area in which the applicable Individual respective Property is located, and to keep 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
Performance of Replacements. Borrower shall make, or shall cause to be made, make Replacements when required in order to keep each Individual Property in condition and repair consistent with other comparable properties in the same market segment in the metropolitan area in which the applicable Individual Property is located, and to keep 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.
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