Use Violations. Mortgagor shall not use, maintain, operate or occupy, or allow the use, maintenance, operation or occupancy of, the Mortgaged Property in any manner which (a) violates in any material respect any Governmental Requirement, (b) may be dangerous unless safeguarded as required by applicable law, (c) constitutes a public or private nuisance, or (d) makes void, voidable or cancelable, or increases, substantially in excess of commercially reasonably rates, the premium of, any insurance then in force with respect thereto.
Appears in 17 contracts
Samples: Security Agreement and Fixture Filing (Ascendia Brands, Inc.), Securities Purchase Agreement (Minrad International, Inc.), Ascendia Brands, Inc.
Use Violations. Mortgagor shall not use, maintain, operate or occupy, or allow the use, maintenance, operation or occupancy of, the Mortgaged Property in any manner which (a) materially violates in any material respect any Governmental RequirementRequirements, (b) may be dangerous unless safeguarded as required by applicable law, (c) constitutes a public or private nuisance, or (d) makes void, voidable or cancelable, or increases, substantially in excess of commercially reasonably rates, increases the premium of, any insurance then in force with respect thereto.
Appears in 1 contract
Samples: Intercreditor Agreement (Angiotech Pharmaceuticals Inc)
Use Violations. Mortgagor shall not use, maintain, operate or occupy, or allow the use, maintenance, operation or occupancy of, the Mortgaged Property in any manner which (a) violates in any material respect any Governmental Requirement, (b) may be dangerous unless safeguarded as required by applicable law, (c) constitutes a public or private nuisance, or (d) makes void, voidable or cancelable, or increases, substantially in excess of commercially reasonably rates, increases the premium of, any insurance then in force with respect thereto.
Appears in 1 contract
Samples: Iron Age Corp
