Common use of Property Agreement Covenants Clause in Contracts

Property Agreement Covenants. (a) Borrower shall perform and observe, in a timely manner, all of the covenants, conditions, obligations and agreements of Borrower under the Property Agreements and shall suffer or permit no delinquency on its part to exist thereunder if such delinquency would have a Portfolio Material Adverse Effect.

Appears in 2 contracts

Samples: Management Agreement (American Casino & Entertainment Properties LLC), Management Agreement (American Casino & Entertainment Properties LLC)

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Property Agreement Covenants. (a) Borrower shall perform and observe, in a timely manner, all of the covenants, conditions, obligations and agreements of Borrower under the Property Agreements and shall suffer or permit no delinquency on its part to exist thereunder if such delinquency action is prohibited by the Loan Agreement, or would have a Portfolio Material Adverse Effect.. MORTGAGE, ASSIGNMENT OF RENTS AND LEASES, COLLATERAL ASSIGNMENT OF PROPERTY AGREEMENTS,

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

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Property Agreement Covenants. (a) Borrower shall perform and observe, in a timely manner, all of the covenants, conditions, obligations and agreements of Borrower under the Property Agreements and shall suffer or permit no delinquency on its part to exist thereunder if such delinquency would have a Portfolio Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (W2007 Grace Acquisition I Inc)

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