Common use of Use of the Mortgaged Property Clause in Contracts

Use of the Mortgaged Property. Mortgagor shall not suffer or permit the Mortgaged Property, or any portion thereof, to be used for any purpose other than for the purposes for which it is currently being used and, without limitation of the foregoing, Mortgagor shall not use or permit the use of the Mortgaged Property or any portion thereof for any unlawful purpose.

Appears in 4 contracts

Samples: Credit Agreement (Quixote Corp), Credit Agreement (Quixote Corp), Credit Agreement (Quixote Corp)

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Use of the Mortgaged Property. Mortgagor shall not suffer or permit the Mortgaged Property, or any material portion thereof, to be used for any purpose other than for the purposes for which it is currently being used and, without limitation of the foregoing, Mortgagor shall not use or permit the use of the Mortgaged Property or any portion thereof for any unlawful purpose.

Appears in 2 contracts

Samples: Real Property Mortgage (Sigmatron International Inc), Real Property Mortgage (Sigmatron International Inc)

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