Common use of Waste Clause in Contracts

Waste. Borrower shall not commit or suffer any waste of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trust. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 2 contracts

Samples: Deed of Trust, Assignment of Leases and Rents and Security Agreement (Lodging Fund REIT III, Inc.), Deed of Trust, Assignment of Leases and Rents and Security Agreement (Lodging Fund REIT III, Inc.)

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Waste. Borrower shall not commit or suffer any waste of the Property, any Individual Property or make any change in the use of the any Individual Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the any Individual Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the any Individual Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Landany Individual Property, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 2 contracts

Samples: Loan Agreement (American Realty Capital Trust III, Inc.), Loan Agreement (Strategic Storage Trust, Inc.)

Waste. Borrower shall not commit or suffer any waste of the Property, any Individual Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the any Individual Property, or take any action that might could reasonably be expected to invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trustcould reasonably be expected to have an MAE. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Landany Individual Property, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 2 contracts

Samples: Loan Agreement (Bon Ton Stores Inc), Loan Agreement (Bon Ton Stores Inc)

Waste. Borrower shall not commit or suffer any physical waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might is reasonably likely to invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Waste. Individual Borrower shall not commit or suffer permit any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the cancellation of any Policy, or do or permit to be done thereon on the Property anything that may in any way materially impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Individual Borrower will shall not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (BlueLinx Holdings Inc.)

Waste. Borrower shall not commit or suffer authorize any intentional physical waste of the Property, Property or make or authorize any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property in a manner that would cause a Material Adverse Effect on the Property. Except for the rights of parties under Permitted Encumbrances, or take any action that might invalidate or allow the cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trust. Borrower will not, without the prior written consent of LenderLender and except in connection with any Room Split Work contemplated under this Agreement, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trustfor the Loan. Borrower will not, without without, the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Waste. Borrower shall not commit or suffer any waste of ----- the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Agreement of Spreader, Consolidation and Modification of Mortgage (Sl Green Realty Corp)

Waste. Borrower shall not commit or suffer any physical waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially and adversely impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Alexanders Inc)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially and adversely impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Koger Equity Inc)

Waste. Neither Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate invalidates or allow causes the cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trustfor the Loan. Borrower Borrowers will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Waste. Borrower shall not commit or suffer any waste of the Property, any Property or make any change in the use of the any Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the such Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the any Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Landany Property, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (RFS Partnership Lp)

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Waste. Borrower shall not commit or suffer any waste of the Property, Properties or make any change in the use of the Property Properties which will in any way materially increase the risk of fire or other hazard arising out of the operation of the any Individual Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any material way materially impair the value of the any Individual Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Landany Individual Property, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Capital Lodging)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate invalidates or allow causes the cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially and adversely impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Alexanders Inc)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may is reasonably expected to in any way materially impair the value of the Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (SITE Centers Corp.)

Waste. Borrower shall not commit or suffer any waste of the Property, any Individual Property or make any change in the use of the any Individual Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the such Individual Property, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the such Individual Property or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Landany Individual Property, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (American Finance Trust, Inc)

Waste. Borrower shall not commit or suffer any waste of the Property, Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might is reasonably likely to invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Deed of TrustSecurity Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Talon Real Estate Holding Corp.)

Waste. Borrower shall not commit or suffer any waste of the Property, Individual Properties or make any change in the use of the Property Individual Properties which will in any way materially increase the risk of fire or other hazard arising out of the operation of the PropertyIndividual Properties, or take any action that might invalidate or allow the give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property Individual Properties or the security of this Deed of Trustfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandIndividual Properties, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

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