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: Security Agreement and Fixture (Blyth Inc), Security Agreement and Fixture (Blyth Inc), Security Agreement and Fixture (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: WWP Office (New York REIT, Inc.), Mortgage (Bluerock Residential Growth REIT, Inc.), 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: Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)
