MAINTENANCE AND CONDITION OF PROPERTY Sample Clauses

MAINTENANCE AND CONDITION OF PROPERTY. 143 The Seller agrees to maintain the grounds, buildings and improvements, in good condition, subject to ordinary wear and tear. The 144 premises shall be in “broom clean” condition and free of debris on the date of Closing. Seller represents that all electrical, plumbing, 145 heating and air conditioning systems (if applicable), together with all fixtures included within the terms of the Agreement now work Buyer’s Seller’s NJAR Page 3 of 6 Initials: Initials: 146 and shall be in proper working order at the time of Closing. Seller further states, that to the best of Seller’s knowledge, there are 147 currently no leaks or seepage in the roof, walls or basement UNLESS OTHERWISE INDICATED IN THE ADDITIONAL 148 CONTRACTUAL PROVISIONS SECTION (Section 31) OF THIS AGREEMENT. ALL REPRESENTATIONS 149 AND/OR STATEMENTS MADE BY THE SELLER, IN THIS SECTION, SHALL NOT SURVIVE CLOSING OF 150 TITLE. This means that the Seller DOES NOT GUARANTEE the condition of the premises AFTER the deed and affidavit of 151 title have been delivered to the Buyer at the “Closing”. 152 153 18. LEAD-BASED PAINT DOCUMENT ACKNOWLEDGMENT (Applies to dwellings built before 1978) 154 Buyer acknowledges receipt of the EPA pamphlet entitled “Protect Your Family From Lead In Your Moreover, copy of 155 a document entitled “Disclosure of Information and Acknowledgment Lead-Based Paint and Lead-Based Hazards” has been 156 fully completed and signed by Buyer. Seller and and is appended to this Agreement as Addendum “A“ and is part of 157 this Agreement. 158 159 19. LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZARD CONTINGENCY CLAUSE: 160 (This paragraph is applicable to all dwellings built prior to 1978. The law requires that unless the Buyer and Seller 161 agree to a longer or shorter period, Seller must allow Buyer a ten-day (10) period within which to complete an inspection 162 and/or risk assessment of the Property. Buyer, however, has the right to waive this clause in its entirety.) 163 This Agreement contingent upon an inspection and/or risk assessment (the “Inspection”) of the Property by a certified 164 assessor for the presence of lead-based paint and/or lead-based paint hazards. The Inspection shall be ordered and 165 obtained by the Buyer at the Buyer’s expense, within ten (10) calendar days after the termination of the Attorney Review period set 166 forth in Section 24 of this Agreement (the “Completion Date”). If the Inspection indicates that no lead-based paint or lead-based paint 167 ha...
Sample 1Sample 2
AutoNDA by SimpleDocs
MAINTENANCE AND CONDITION OF PROPERTY. Lessee shall at all times keep the mine sites, road rights-of-way, and other areas used or disturbed by Lessee safe and in good order, free of weeds, litter, equipment, supplies and debris. Lessee shall not permit the unlawful release or discharge of any products or toxic or hazardous chemicals or wastes on the Fee Lands. Lessee shall maintain existing and newly constructed all weather roads used by Lessee to the reasonable satisfaction of Owner, which maintenance shall include when necessary graveling, blading, spraying for weeds and dust control. Except for temporary facilities, all visible facilities placed on the property by Lessee shall be painted in earth tones consistent with the surrounding area.
Sample 1
MAINTENANCE AND CONDITION OF PROPERTY. During the term of this License Agreement, Licensee and its Representatives will be responsible for any damage done to the Property by Licensee or its Representatives. Upon completion of any work authorized hereunder or upon termination or expiration of this License Agreement or upon departing from the Property, Licensee will pay the costs of removing any installations, filling all drill holes, borings or other exposed openings, repairing any damaged asphalt and cement, replacing any damaged landscaping, repairing or replacing any damaged underground pipes or other improvements, and otherwise repairing and restoring the Property and every portion thereof to at least as good condition as existed prior to Licensee's entry onto the Property.
Sample 1
MAINTENANCE AND CONDITION OF PROPERTY. Tenant and its Representatives will be responsible for any damage done to the Property by Tenant or its Representatives. Upon completion of any work authorized hereunder or upon termination or expiration of this License Agreement or upon departing from the Property, Tenant will pay the costs of removing any installations, filling all drill holes, borings or other exposed openings, repairing any damaged asphalt and cement, replacing any damaged landscaping, repairing or replacing any damaged underground pipes or other improvements, and otherwise repairing and restoring the Property and every portion thereof to at least as good condition as existed prior to Tenant's entry onto the Property.
Sample 1

Related to MAINTENANCE AND CONDITION OF PROPERTY

  • Condition of Property Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date. An engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than twelve months prior to the Cut-off Date. To Seller’s knowledge, based solely upon due diligence customarily performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of any material damage (other than (i) deferred maintenance for which escrows were established at origination and (ii) any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

  • Maintenance and Use of Property Borrower shall cause the Property to be maintained in a good and safe condition and repair. The Improvements and the Personal Property shall not be removed, demolished or materially altered (except for normal replacement of the Personal Property or as permitted in the PETsMART Lease) without the consent of Lender. Except as provided in Section 3.8(f) hereof, Borrower shall promptly repair, replace or rebuild or cause to be repaired, replaced or rebuilt, any part of the Property which may be destroyed by any casualty, or become damaged, worn or dilapidated or which may be affected by any proceeding of the character referred to in Section 3.6 hereof and shall complete and pay for any structure at any time in the process of construction or repair on the Land. Borrower shall not initiate, join in, acquiesce in, or consent to any change in any private restrictive covenant, zoning law or other public or private restriction, limiting or defining the uses which may be made of the Property or any part thereof, provided, that Borrower shall be permitted to enter into easement agreements or grant rights of way so long as such agreements or grants do not reduce the value of the Property or impair its use, and so long as Borrower has delivered to Lender a title endorsement satisfactory to Lender with respect to such agreements and/or rights of way. If under applicable zoning provisions the use of all or any portion of the Property is or shall become a nonconforming use, Borrower will not cause or permit the nonconforming use to be discontinued or the nonconforming Improvement to be abandoned without the express written consent of Lender.

  • Title to and Condition of Properties Except as would not have a Material Adverse Effect, the Company owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted, free and clear of all Liens, except Permitted Liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

  • Operation of Property To continue to operate the Property consistent with past practices.

  • MAINTENANCE AND INSPECTION OF COLLATERAL Grantor shall maintain all tangible Collateral in good condition and repair. Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Grantor shall immediately notify Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral.

  • Inspection of Property The Borrower and each of its Subsidiaries will keep proper books and records in accordance with GAAP and will permit reasonable examinations of its books and records and reasonable inspections of its property (subject to reasonable procedures relating to safety and security), accompanied by personnel of the Borrower, by the Administrative Agent and any Lender and/or their respective accountants or other professional advisers; provided that such examinations and inspections (a) will occur not more frequently than once in any calendar year, with reasonable efforts to make combined visits (unless a Default or an Event of Default has occurred and is continuing in which case such examinations may occur as frequently as reasonably determined by the Administrative Agent or any Lender, with no obligation to combine visits), (b) will be at the sole expense of the Administrative Agent and/or requesting Lender, as the case may be (unless a Default or an Event of Default has occurred and is continuing in which case such examinations will be at the expense of the Borrower), (c) will be undertaken at reasonable times following the provision of written notice in advance to the Borrower, and (d) will not unduly interfere with the operations or management of the Borrower’s business. Notwithstanding anything set forth herein to the contrary, under no circumstances shall the Borrower or any Subsidiary be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes non−financial trade secrets or non-financial confidential proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective Affiliates, representatives, contractors, accountants or other professionals) is prohibited by any Governmental Rule or binding confidentiality agreement with a Person that is not an Affiliate of the Borrower and that was not entered into in contemplation of this Agreement, (iii) that is subject to attorney−client or similar privilege or constitutes attorney work product, or (iv) in the case of any discussions with accountants, only if the Borrower has been given the opportunity to participate in the discussions.

  • Maintenance Requirements The Contractor shall ensure and procure that at all times during the Maintenance Period, the Project Highway conforms to the maintenance requirements set forth in Schedule-E (the “Maintenance Requirements”).

  • Operation of Properties The Borrower will and will cause each Subsidiary to operate its Properties or cause such Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.

  • Preservation of Property Bank shall not be bound to take any steps necessary to preserve any rights in any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities and Obligations as against prior parties who may be liable in connection therewith, and Borrower and Guarantor hereby agree to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Borrower and/or Guarantor or Bank therein; (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities to Bank; (c) compromise and settle with any person liable on such property; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the Obligations or Liabilities of Guarantor.

Time is Money Join Law Insider Premium to draft better contracts faster.