REPAIRS; MAINTENANCE & COMPLIANCE Sample Clauses

REPAIRS; MAINTENANCE & COMPLIANCE. Borrower shall at all times maintain, preserve and protect all franchises and trade names, and Borrower shall cause the Property to be maintained in a good and safe condition and repair and shall not remove, demolish or alter the Improvements or Personal Property (except for alterations performed in accordance with Section 5.3.2 and normal replacement of Personal Property with Personal Property of equivalent value and functionality). Borrower shall promptly comply with all Legal Requirements and immediately cure properly any violation of a Legal Requirement. Borrower shall notify Lender in writing within five (5) days after Borrower first receives notice of any such non-compliance. Borrower shall promptly repair, replace or rebuild any part of the Property that becomes damaged, worn or dilapidated and shall complete and pay for any Improvements at any time in the process of construction or repair in accordance with all applicable Legal Requirements and any plans, specifications and/or budgets approved by Lender, free and clear of all defects and Liens and, with respect to any such construction work undertaken at the Property from time to time, comply with and satisfy all General Construction Work Requirements.