Waste and Alterations. Grantor will not commit or permit any waste with respect to the Property or the Chattels. Grantor 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 Grantee.
Appears in 2 contracts
Samples: Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.), Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.)
Waste and Alterations. Grantor will not commit or permit any (a) physical waste with respect to the Property or the Chattels. , and (b) Grantor 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 GranteeBeneficiary, subject in each instance to the terms of the Leases.
Appears in 2 contracts
Samples: Griffin Capital Essential Asset REIT II, Inc., Griffin Capital Essential Asset REIT II, Inc.
Waste and Alterations. Grantor will not commit or permit any waste with respect to the Property or the Chattels. Property, nor will Grantor shall not cause or permit any material 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, demolished or materially altered without the prior written consent of GranteeBeneficiary, other than such items which are either (i) obsolete and no longer necessary for the conduct of Grantor's business, or (ii) promptly replaced with a similar item of equal or greater value.
Appears in 1 contract
