Maintenance Management. The Borrower shall maintain all of its properties and assets in good condition, repair and working order, ordinary wear and tear excepted. Without the prior written consent of the Lender, the Borrower shall not enter into any agreement providing for the management or operation of the Land or Improvements.
Appears in 2 contracts
Sources: Construction Loan Agreement, Construction Loan Agreement (Global Growth Trust, Inc.)
Maintenance Management. The Borrower shall maintain all of its properties and assets in good condition, repair and working order, ordinary wear and tear excepted. Without the prior written consent of the Lender, the Borrower shall not enter into any agreement (other than the CNL Property Management Agreements) providing for the management or operation of the Land or Improvements.
Appears in 1 contract
Sources: Construction Loan Agreement (Global Growth Trust, Inc.)