Physical Condition. Except as set forth in the Property Condition Assessment, to the best knowledge of Borrower, each Mortgaged Property is free of structural defects and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 14 contracts
Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc)
Physical Condition. Except as set forth in the Property Condition Assessment, to the best knowledge Actual Knowledge of Borrower, each the Mortgaged Property is free of structural defects which would reasonably be expected to have a Material Adverse Effect and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 4 contracts
Samples: Loan Agreement (Great Wolf Resorts, Inc.), Loan Agreement (Great Wolf Resorts, Inc.), Loan Agreement (Great Wolf Resorts, Inc.)
Physical Condition. Except as set forth in the Property Condition Assessment, to the best knowledge of Borrower, each the Mortgaged Property is free of structural defects and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 3 contracts
Samples: Loan Agreement (Digital Realty Trust, Inc.), Loan Agreement (Digital Realty Trust, Inc.), Loan Agreement (Digital Realty Trust, Inc.)
Physical Condition. Except as set forth in the Property Condition AssessmentEngineering Report, to the best knowledge of Borrower, each the Mortgaged Property is free of structural defects and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 3 contracts
Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Terremark Worldwide Inc)
Physical Condition. Except as set forth in the Property Condition AssessmentEngineering Report, to the best knowledge of the Borrower, each the Mortgaged Property is free of structural defects and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 1 contract
Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)
Physical Condition. Except as set forth in To the Property Condition Assessment, to the best knowledge Actual Knowledge of Borrower, each the Mortgaged Property is free of structural defects and all Improvements, including the building systems contained therein are in good working order subject to ordinary wear and tear.
Appears in 1 contract
