PROPERTY UNDERTAKINGS. The undertakings in this Clause 21 (Property Undertakings) remain in force from the Facility Agreement Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force and the Borrower shall ensure the Senior Borrower complies therewith.
PROPERTY UNDERTAKINGS. 18.1 Occupational Leases
(a) In this Clause:
PROPERTY UNDERTAKINGS. The undertakings in this Clause 25 remain in force from the date of this Agreement for so long as any amount of the Secured Obligations is outstanding or any Commitment is in force.
PROPERTY UNDERTAKINGS. 15.1 The Borrower and if relevant shall procure that each other Obligor must exercise its rights and comply in all respects with any covenant, stipulation or obligation (restrictive or otherwise) at any time affecting a Property.
15.2 The Borrower and if relevant shall procure that each other Obligor may not agree to any amendment, supplement, waiver, surrender or release of any covenant, stipulation or obligation (restrictive or otherwise) at any time affecting a Property.
15.3 The Borrower and if relevant shall procure that each other Obligor must promptly take all such steps as may be necessary or desirable to enable the Security created by the Security Documents to be registered, where appropriate, at the applicable Land Registry.
15.4 The Borrower and if relevant shall procure that each other Obligor must comply in all respects with all planning laws, permissions, agreements and conditions to which a Property may be subject.
15.5 The Borrower must and if relevant shall procure that each other Obligor within 14 days after the receipt by the relevant Obligor of any application, requirement, order or notice served or given by any public or local or any other authority or any landlord with respect to a Property (or any part of it) and / or the Development supply to the Lender a copy of such application, request, order or notice and ensure that the terms of the same are complied with.
15.6 The Borrower must grant the Lender or its lawyers on request all facilities within the power of the Borrower to enable the Lender or its lawyers to conduct and investigation into the title of the Property and / or any matter relating to it and / or the Development.
15.7 If any Obligor fails to perform any obligations under the Finance Documents affecting a Property and / or the Development, the Borrower must allow the Lender or its agents, contractors or any other Delegate:
(a) make such enquiries in relation to any part of a Property as a prudent mortgagee might carry out;
(b) to enter any part of a Property;
(c) to comply with or object to any notice served on an Obligor in respect of a Property and / or the Development; and
(d) to take any action that the Lender may reasonably consider necessary or desirable to prevent or remedy any breach of any such term or to comply with or object to any such notice.
15.8 The Borrower must immediately on request by the Lender pay the costs and expenses of the Lender or its agents, contractors and other Delegate incurred in connecti...
PROPERTY UNDERTAKINGS. The Borrower undertakes to each Finance Party that at all times:
18.3.1 Development and Expenditure
18.3.1.1 The Borrower shall not, without the Agent's prior written consent (save as set out in the Annual Budget):
18.3.1.1.1 pull down or remove any building on the Property or any part thereof, or any material fixture attached to the same; nor
18.3.1.1.2 make, or cause, permit or suffer to be made, any material alteration in, or addition to, the Property; nor
18.3.1.1.3 commence any development of the Property, or any site works in connection with, or for the purpose of, any such development.
18.3.1.2 The Borrower shall not, without the Agent's prior written consent (not to be unreasonably withheld or delayed):
18.3.1.2.1 apply for, or implement, any planning permission under the Planning Acts; nor
18.3.1.2.2 change, or cause, permit, or suffer to be changed, the present use of the Property; nor
18.3.1.2.3 carry out any operation, or institute, or continue, any use of the Property for which planning permission is required but has not been obtained.
18.3.1.3 It shall not incur any capital expenditure except:
18.3.1.3.1 in accordance with and as set out in the Annual Budget; or
18.3.1.3.2 in order to comply with the obligations on its part contained in any Headlease or Occupational Lease; or
18.3.1.3.3 as otherwise incurred with the prior written consent of the Agent not to be unreasonably withheld or delayed; PROVIDED THAT in each case such expenditure is funded solely from its own funds, by way of a Subordinated Loan, or from the proceeds of any service charge.
PROPERTY UNDERTAKINGS. The undertakings in this clause 23 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. The Parent shall procure (as far as it is able to do so in the context of the Lease Agreements and the Management Agreements in respect of clause 23.4 (Entry to Inspect)) that:
PROPERTY UNDERTAKINGS. Until termination of the Commitments of the Lenders, payment in full of the Loans and any L/C Obligation, fee or other amount then due and owing to any Lender or the Administrative Agent under any Credit Document, and termination or expiration of all Letters of Credit, without consulting with the Administrative Agent and the Lenders to establish a mutually acceptable correction period (and effecting such correction within six months), the Borrower will endeavor not to:
PROPERTY UNDERTAKINGS. The undertakings in this Clause 15 remain in force from the date of this Agreement for so long as any amount of the Secured Obligations is outstanding or any Commitment is in force.
PROPERTY UNDERTAKINGS
