Repair. Mortgagor shall keep the Mortgaged Property in good order and condition (reasonable wear and tear excepted) and shall make all repairs, replacements and improvements thereof and thereto, interior and exterior, structural and non-structural, ordinary and extraordinary, which are necessary to keep the same in such order and condition. Mortgagor shall also use reasonable efforts to prevent any act or occurrence which might impair the value or usefulness of the Mortgaged Property for its intended usage.
Appears in 15 contracts
Samples: Securities Purchase Agreement (Minrad International, Inc.), Mortgage (Progress Precision Inc.), Financing Agreement (Lakes Entertainment Inc)
Repair. Mortgagor shall keep the Mortgaged Property in good working order and condition (reasonable wear condition, ordinary wear, tear, and tear casualty excepted and the sale, abandonment, or other disposition of Mortgaged Property that is substantially worn, damaged, or obsolete in the ordinary course of business excepted) , and shall make all repairs, replacements and improvements thereof and thereto, interior and exterior, structural and non-structural, ordinary and extraordinary, which are necessary to keep the same in such order and condition. Mortgagor shall also use reasonable efforts to prevent any act or occurrence which might impair the value or usefulness of the Mortgaged Property for its intended usageProperty.
Appears in 1 contract
Samples: Intercreditor Agreement (Angiotech Pharmaceuticals Inc)
