Common use of Waste and Alterations Clause in Contracts

Waste and Alterations. Mortgagor will not commit or permit any waste with respect to the Property or the Chattels. Mortgagor shall not cause or permit any part of the Property, including but not limited to any building, structure, parking lot, driveway, landscape scheme, timber, or other ground improvement, to be removed, demolished, or materially altered without the prior written consent of Mortgagee.

Appears in 7 contracts

Samples: Mortgage, Security Agreement (KBS Real Estate Investment Trust, Inc.), Griffin Land & Nurseries Inc, Open End Mortgage, Security Agreement (Mark Centers Trust)

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Waste and Alterations. Mortgagor will not commit or permit any (a) physical waste with respect to the Property or the Chattels. , and (b) Mortgagor shall not cause or permit any part of the Property, including but not limited to any building, structure, parking lot, driveway, landscape scheme, timber, or other ground improvement, to be removed, demolished, or materially altered without the prior written consent of Mortgagee, subject in each instance to the terms of the Leases.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Griffin Capital Essential Asset REIT, Inc.), Griffin Capital Essential Asset REIT, Inc.

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