Common use of Repair and Maintenance Covenants Clause in Contracts

Repair and Maintenance Covenants. Under current law, if this Lease were to create an “estate for years,” the Company, as tenant, would have, under law, the duty to maintain the Project, normal wear and tear excepted, and it would not be necessary to so provide in this Lease; in this Lease, the parties hereto, by operation of express covenant and not by operation of law, have provided for the Company, as tenant, to repair and maintain the Project.

Repair and Maintenance Covenants. Under current law, if this Lease were to create an “"estate for years,” " the Company, as tenantlessee, would have, under law, the duty to maintain the Project, normal wear and tear excepted, and it would not be necessary to so provide in this Lease; in this Lease, the parties hereto, by operation of express covenant and not by operation of law, have provided for the Company, as tenantlessee, to repair and maintain the Project.

Repair and Maintenance Covenants. Under current law, if this Lease Agreement were to create an “estate for years,” (rather than a usufruct as intended by the Companyparties) the Company would have, as tenant, would have, under law, the duty to maintain the Project, normal wear and tear excepted, and it would not be necessary to so provide in this LeaseAgreement; in this LeaseAgreement, the parties hereto, by operation of express covenant and not by operation of law, have provided for the Company, as tenant, to repair and maintain the Project.

Repair and Maintenance Covenants. Under current law, if this 2008 Lease were to create an “estate for years,” the Company, as tenant, would have, under law, the duty to maintain the Project, normal wear and tear excepted, and it would not be necessary to so provide in this 2008 Lease; in this 2008 Lease, the parties hereto, by operation of express covenant and not by operation of law, have provided for the Company, as tenant, to repair and maintain the Project.