RIGHT TO PERFORM MORTGAGOR'S COVENANTS, ETC Sample Clauses

RIGHT TO PERFORM MORTGAGOR'S COVENANTS, ETC. If the Mortgagor shall fail to make any payment or perform any act required to be made or performed under this Mortgage or any other Loan Document, within ten (10) days after written notice thereof to the Mortgagor (or such shorter notice or without notice as shall be required to avoid a material impairment in the value of the Property or in the Mortgagee's security, the Mortgagee, without waiving or releasing any obligation or Event of Default, may (but shall be under no obligation to) make such payment or perform such act for the account of the Mortgagor and may enter upon the Property or any part thereof for such purpose and take all such actions thereon as, in the reasonable opinion of the Mortgagee, may be necessary or appropriate therefor. All sums so paid by the Mortgagee and all costs and expenses (including, without limitation, reasonable attorneys' fees and charges) so incurred, shall constitute part of the Obligations secured by this Mortgage and shall be paid by the Mortgagor to the Mortgagee upon demand therefor and, if not so paid within ten (10) days after demand, shall thereafter bear interest at the Default Rate.
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Related to RIGHT TO PERFORM MORTGAGOR'S COVENANTS, ETC

  • Lessor's Covenants The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS Tenant covenants and agrees that, if it shall at any time fail to make any payment or perform any other act on its part to be made or performed as in this Lease provided, then Landlord, in its sole discretion may after due notice to, or demand upon, Tenant and subject to the limitations set forth below, make any payment or perform any other act on the part of Tenant to be made and performed as in this Lease provided, in such manner and to such extent as Landlord may reasonably deem desirable, and in exercising any such rights, Landlord may pay necessary and incidental costs and expenses, employ counsel, and incur and pay reasonable attorneys’ fees. The making of any such payment or the performing of any other act by Landlord pursuant to this Article shall not waive, or release Tenant from, any obligations of Tenant in this Lease contained. All sums so paid by Landlord and all reasonably necessary and incidental costs and expenses in connection with the performance of any such act by Landlord shall, except as otherwise in this Lease expressly provided, be payable to Landlord on demand, and Tenant covenants to pay any such sum or sums promptly, and Landlord shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the non-payment thereof by Tenant as in the case of default by Tenant in the payment of the Base Rent. Whenever practicable, Landlord, before proceeding as provided in this Section 12.4, shall give Tenant notice in writing of the failure of Tenant which Landlord proposes to remedy, and shall allow Tenant such length of time as may be reasonable in the circumstances, consistent with any grace periods contained herein, but not exceeding 30 days from the giving of notice, to remedy the failure itself and, if Tenant shall not remedy the failure in the time so allowed, Landlord shall be deemed to have given “due notice” and may proceed as provided in this Section 12.4; provided that nothing in this Section shall prevent Landlord from acting without notice to Tenant in case of any emergency wherein there is danger to property or person or where there may exist any violation of legal requirements including but not limited to the presence of Hazardous Materials, in which event no notice shall be required.

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • Particular Covenants of the Company The Company hereby covenants and agrees as follows:

  • DOCUMENTS AND COVENANTS OF THE FUND AND MSDW TRUST 6.1 The Fund shall promptly furnish to MSDW TRUST the following, unless previously furnished to Xxxx Xxxxxx Trust Company, the prior transfer agent of the Fund:

  • Other Affirmative Covenants The Company shall:

  • Further Assurances Covenants Each Lien Grantor covenants as follows:

  • Further Covenants of the Company The Company hereby covenants and agrees that:

  • Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:

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