Violation of Laws. If the Property is not in compliance, in any material respect, with legal requirements with respect to the Property, Mortgagee may impose additional commercially reasonable requirements upon Mortgagor in connection herewith including, without limitation, monetary reserves or financial equivalents related to such legal requirement.
Appears in 4 contracts
Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Blyth Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Blyth Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Blyth Inc)
Violation of Laws. If the Property is not in compliance, in any material respect, full compliance with legal requirements with respect to the Propertyall Legal Requirements, Mortgagee may impose additional commercially reasonable requirements upon Mortgagor in connection herewith herewith, including, without limitation, monetary reserves or financial equivalents related to such legal requirementequivalents.
Appears in 3 contracts
Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (New York REIT, Inc.), Mortgage (Bluerock Residential Growth REIT, Inc.), Mortgage, Assignment of Leases and Rents, Hotel Revenue and Security Agreement (Morgans Hotel Group Co.)
Violation of Laws. If the Property is not in compliance, in any material respect, compliance with legal requirements with respect to the PropertyLegal Requirements, Mortgagee may impose reasonable additional commercially reasonable requirements upon Mortgagor in connection herewith including, without limitation, monetary reserves or financial equivalents related to such legal requirementequivalents.
Appears in 1 contract
Samples: Open End Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)
