Legal Requirements and Insurance Requirements Sample Clauses

Legal Requirements and Insurance Requirements. Agent shall comply with every Insurance Requirement and Legal Requirement affecting (i) the execution, delivery and performance of this Agreement and the Construction Documents to which Agent is a party and (ii) any Unit Premises, Unit Improvements, item of Unit FF&E or Unit, and Agent will not do or permit any act or thing which is contrary to any Insurance Requirement or which is contrary to any Legal Requirement; except any Legal Requirements, the non-compliance with which, individually or in the aggregate, (i) will not place either Owner or any Assignee in any danger of any monetary civil liability which Owner or any Assignee is not adequately indemnified for (Agent's obligations under Section 12 of this Agreement shall be deemed to be adequate indemnification if no Event of Default exists) or any other material civil liability or penalty or subject Owner or any Assignee to any criminal liability as a result of a failure to comply therewith and (ii) will not result in a material diminution in the value of any Unit Premises, Unit Improvements, Unit FF&E or Unit or in any material risk of the loss, sale or forfeiture or loss of use of any thereof.
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Legal Requirements and Insurance Requirements. Agent shall comply with every Insurance Requirement, and every Legal Requirement (subject to Permitted Contests), affecting (a) the execution, delivery and performance of this Agreement and the Construction Documents and (b) any Unit Premises, Unit Improvements, item of Unit FF&E or Unit; and Agent will not do or permit any act or thing which is contrary to any Insurance Requirement or which is contrary to any Legal Requirement, or which might impair, other than in the normal use thereof, the value or usefulness of any Unit Premises, Unit Improvements, item of Unit FF&E or Unit.
Legal Requirements and Insurance Requirements. (a) Agent shall comply or shall cause compliance with every Insurance Requirement and Legal Requirement (including, without limitation, Environmental Requirements) affecting the execution, delivery and performance of this Agreement, the Project Contracts and the Construction Documents and the Project; and (b) Agent will not do or permit any act or thing which is contrary to any Insurance Requirement or which is contrary to any Legal Requirement, or which might impair, other than in the normal use thereof, the value or usefulness of the Project, except, in the case of (a) and (b) of this subsection, any Legal Requirements, the noncompliance with which, individually or in the aggregate, (i) will not place either Owner or any Assignee in any danger of civil liability which Owner or such Assignee is not adequately indemnified for by Agent or subject Owner or any Assignee to any danger of criminal liability as a result of failure to comply therewith, provided that, in the case of any such danger of criminal liability, any grace period in which to cure such non-compliance shall not be applicable and (ii) could not reasonably be expected to have a material adverse effect on (A) the construction, operation, maintenance, leasing, ownership, use, value or regulatory status of the Project, (B) the ability of Agent to observe and perform its obligations under the Operative Documents, or any of the Construction Documents or the Project Contracts in a timely manner or the ability of the Guarantor to perform its obligations under the Guaranty in a timely manner or (C) the rights or interests of Owner or Assignee under the Operative Documents, the Guaranty, or any of the Construction Documents or the Project Contracts. Agent shall perform and observe all of the covenants set forth in subsections 8.27 and 9.16 of this Agreement and those sections rather than this subsection 9.8 shall apply to Environmental Requirements.
Legal Requirements and Insurance Requirements. Agent shall comply with every Insurance Requirement and Legal Requirement affecting (i) the execution, delivery and performance of this Agreement and the Construction Documents to which Agent is a party and (ii) any Unit Premises, Unit Improvements, item of Unit FF&E or Unit, and Agent will not do or permit any act or thing which is
Legal Requirements and Insurance Requirements. 32 9.1 Compliance with Legal Requirements, Insurance Requirements and Instruments 32 9.2 Landlord’s Cooperation 33 ARTICLE 10 CONDITION OF THE PROPERTY 33 10.1 Maintenance and Repair 33 ARTICLE 11 MANAGEMENT AGREEMENT 34 11.1 Subordination Agreement 34 ARTICLE 12 LIENS 35 12.1 No Liens on Property 35 ARTICLE 13 CONTESTS 35 ARTICLE 14 INSURANCE 36 14.1 General Insurance Requirements 36 14.2 Replacement Cost 38 14.3 Additional Insurance 38 14.4 Waiver of Subrogation 38 14.5 Policy Requirements 38 14.6 Blanket Policy 39 14.7 Changed circumstance 39 ARTICLE 15 INSURANCE PROCEEDS 40 15.1 Handling of Insurance Proceeds 40 15.2 Reconstruction in the Event of Damage or Destruction 41 15.3 Intentionally Omitted 42 15.4 Facility Mortgagee Requirements 42 ARTICLE 16 CONDEMNATION 42 16.1 Definitions 42 16.2 Parties’ Rights and Obligations 43 16.3 Total Taking 43 16.4 Allocation of Award 43 16.5 Partial Taking 43 16.6 Temporary Taking 44 16.7 Facility Mortgagee Requirements 44 ARTICLE 17 DEFAULTS AND REMEDIES 44 17.1 Events of Default 44 17.2 Remedies 46 17.3 Application of Funds 48 17.4 Landlord’s Right to Cure Tenant’s Default 48 17.5 Waiver 48
Legal Requirements and Insurance Requirements. 26 9.1 Compliance with Legal Requirements, Insurance Requirements and Instruments.............. 26 9.2
Legal Requirements and Insurance Requirements. 9.1. COMPLIANCE WITH LEGAL REQUIREMENTS, INSURANCE REQUIREMENTS AND INSTRUMENTS. Subject to the rights of Tenant as provided in Article 13 relating to permitted contests, Tenant, at its sole cost and expense, shall promptly (a) comply with all applicable Legal Requirements and Insurance Requirements with respect to the use, operation, maintenance, repair and restoration of the Property, whether or not compliance therewith shall require structural change in the Property or interfere with the use and enjoyment of the Property, and (b) procure, maintain and comply with all appropriate licenses, certificates of need, provider agreements, service agreements and other permits, licenses, franchises and authorizations required for the Facility, any use of the Property and Tenant's Personal Property then being made, and for the proper erection, installation, operation and maintenance of the Property or any part thereof, including without limitation any Capital Additions.
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Legal Requirements and Insurance Requirements. Agent shall comply with every Insurance Requirement and Legal Requirement (including, without limitation, Environmental Requirements) affecting the execution, delivery and performance of this Agreement, the Project Contracts and the Construction Documents and the Project; and Agent will not do or permit any act or thing which is contrary to any Insurance Requirement or which is contrary to any Legal Requirement, or which might impair, other than in the normal use thereof, the value or usefulness of the Project.
Legal Requirements and Insurance Requirements. Agent shall --------------------------------------------- comply with every Insurance Requirement and Legal Requirement affecting (i) the execution, delivery and performance of this Agreement and the Construction Documents and (ii) any Unit Premises, Unit Improvements, item of Unit FF&E or Unit; and Agent will not do or permit any act or thing which is contrary to any Insurance Requirement or which is contrary to any Legal Requirement, or which might impair, other than in the normal use thereof, the value or usefulness of any Unit Premises, Unit Improvements, item of Unit FF&E or Unit.
Legal Requirements and Insurance Requirements 
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