MAINTENANCE OF HOMES Sample Clauses

MAINTENANCE OF HOMES. The Lessee will maintain the Home and Home Site in a neat, clean, and sanitary condition, free of debris. Lessee is responsible for all repairs and maintenance of the Home and Home Site, except as those matters expressly undertaken by the Lessor pursuant to Paragraph 7 (j), above. The Lessor recommends that the Lessee follows manufacturer- recommended preventative maintenance for the Home, including periodic re-leveling. Unless authorized by statute, no improvements may be made to the Home or the Home Site without the prior written consent and approval of the Lessor. Xxxxxx agrees to the following restrictions and conditions of installation of homes on the leased premises:
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MAINTENANCE OF HOMES. Each Homeowner shall be responsible for -------------------- maintaining such Homeowner's Home in good condition and repair and in compliance with the standards set forth in the Rules and Regulations. If any Homeowner fails to properly maintain such Homeowner's Home, such Homeowner shall be given written notice of such failure and a reasonable opportunity to cure such failure. If such Homeowner does not timely cure such failure, management may require that such Homeowner's Home be moved to another Site designated by management or removed from the Community.
Sample 1
MAINTENANCE OF HOMES. Homeowner shall cooperate with Seller to ensure that sufficient sunlight can reach the solar panels of the System, subject to applicable law and the rights of any third parties. Homeowner will maintain the home such that the home’s interconnection to the Utility’s electric distribution system is not interrupted and at all times and will not cause cessation of electric service to the Premises from the Utility. Homeowner shall promptly notify Seller of any matters of which it is aware pertaining to any damage to or loss of use of any System or that could reasonably be expected to adversely affect a System. Subsequent to the discovery of such damage or loss and upon notice from Seller accompanied by a written structural analysis report to Homeowner revealing any issues impacting the suitability of the roof of a Premises to continue to host the roof-mounted component of the System at that Premises, Seller shall (a) notify Homeowner whether Seller intends to make or cause to be made such repairs or modifications (“Repairs”) as necessary to continue to host the roof-mounted component of the System and (b) no later than the close of business five (5) business days after receipt of the written structural analysis report, elect to either (i) promptly cause such Repairs to be constructed at its sole cost and expense or (ii) terminate the roof-mounted component of the System. In the event that Seller elects to cause such Repairs to be constructed, Homeowner shall make all reasonable accommodations necessary to facilitate the construction of the Repairs. In the event that Seller elects to terminate the roof-mounted component of a System, Homeowner shall notify Seller within five (5) business days whether it intends to promptly cause such Repairs to be constructed at its sole cost and expense. In the event that Homeowner elects to not cause such Repairs to be constructed, the roof-mounted component of that System shall be terminated.
Sample 1
MAINTENANCE OF HOMES. Each Homeowner shall be responsible for -------------------- maintaining such Homeowner's Home in good condition and repair and in compliance with the standards set forth in the Rules and Regulations. If any Homeowner fails to properly maintain such Homeowner's Home, Purchaser shall give such Homeowner written notice of such failure. If such Homeowner does not cure such failure within thirty (30) days (or if such failure cannot reasonably be cured within such thirty (30) day period, if such Homeowner does not commence the curing of such failure within such thirty (30) day period and diligently prosecute such curing to completion within a reasonable time thereafter), Purchaser may require that such Homeowner's Home be moved to another Homesite designated by Purchaser or removed from the Property.
Sample 1

Related to MAINTENANCE OF HOMES

  • Maintenance of Net Worth The Borrower shall, as of the last day of each Fiscal Quarter, maintain a Tangible Net Worth of not less than the sum of (a) $136,017,557, plus (b) 75% of the aggregate net proceeds received by Parent or any of its Subsidiaries after the First Amendment Effective Date in connection with any offering of Stock or Stock Equivalents of the Borrower, Parent or the Subsidiaries.

  • Maintenance of Hazard Insurance The Servicer shall cause to be maintained for each Mortgage Loan hazard insurance such that all buildings upon the Mortgaged Property are insured by a generally acceptable insurer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is located in an amount which is at least equal to the lesser of (i) the current principal balance of such Mortgage Loan and (ii) the amount necessary to fully compensate for any damage or loss to the improvements that are a part of such property on a replacement cost basis, in each case in an amount not less than the amount as is necessary to avoid the application of any co-insurance clause contained in the related hazard insurance policy. Any payments by the Servicer for hazard insurance, other than as set forth in the last paragraph of this Section 3.17, shall be deemed Servicing Advances, reimbursable in accordance with Section 3.04(ix), to the extent not collected from the related Mortgagor. The Servicer will comply in the performance of this Agreement with all reasonable rules and requirements of each insurer under any such hazard policies. Any amounts to be collected by the Servicer under any such policies (other than amounts to be applied to the restoration or repair of the property or amounts to be released to the Mortgagor subject to the terms and conditions of the related Mortgage and Mortgage Note) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.04, if received in respect of a Mortgage Loan. Any cost incurred by the Servicer in maintaining any such insurance shall not, for the purpose of calculating distributions to Certificateholders, be added to the unpaid principal balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. If the Mortgaged Property or REO Property is at any time in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards and flood insurance has been made available, the Servicer will cause to be maintained a flood insurance policy in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i) the unpaid principal balance of the related Mortgage Loan and (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program (assuming that the area in which such Mortgaged Property is located is participating in such program). In the event that the Servicer shall obtain and maintain a blanket policy with an insurer having a General Policy Rating of B:III or better in Best’s Key Rating Guide (or such other rating that is comparable to such rating) insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first two sentences of this Section 3.17, it being understood and agreed that such policy may contain a deductible clause, in which case the Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with the first two sentences of this Section 3.17, and there shall have been one or more losses which would have been covered by such policy, deposit to the Custodial Account from its own funds without right of reimbursement the amount not otherwise payable under the blanket policy because of such deductible clause. In connection with its activities as administrator and servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf of itself, the Trustee and the Certificateholders, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy.

  • Maintenance of Books The Company agrees to maintain, at its aforesaid office or agency, books for the registration and the registration of transfer of the Warrants.

  • Maintenance of Liquidity Seller shall ensure that, at all times, it has unrestricted cash and Cash Equivalents in an amount not less than the related Liquidity Amount.

  • Maintenance of Collateral Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Silicon in writing of any material loss or damage to the Collateral.

  • Operation and Maintenance of Properties The Borrower, at its own expense, will, and will cause each Subsidiary to:

  • Maintenance of Business The Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c)

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Insurance The Company shall use commercially reasonable efforts to obtain and maintain in effect during the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement, one or more policies of insurance with reputable insurance companies to provide the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to ensure the Company’s performance of its indemnification obligations under this Agreement. The Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to the most favorably insured of the Company’s directors and officers.

  • Maintenance of Agencies (a) With respect to each series of Certificates, there shall at all times be maintained an office or agency in the location set forth in Section 12.04 where Certificates of such series may be presented or surrendered for registration of transfer or for exchange, and for payment thereof, and where notices and demands, to or upon the Trustee in respect of such Certificates or this Agreement may be served; provided, however, that, if it shall be necessary that the Trustee maintain an office or agency in another location with respect to the Certificates of any series (e.g., the Certificates of such series shall be represented by Definitive Certificates and shall be listed on a national securities exchange), the Trustee will make all reasonable efforts to establish such an office or agency. Written notice of the location of each such other office or agency and of any change of location thereof shall be given by the Trustee to the Company, any Owner Trustees, the Loan Trustees (in the case of any Owner Trustee or Loan Trustee, at its address specified in the Note Documents or such other address as may be notified to the Trustee) and the Certificateholders of such series. In the event that no such office or agency shall be maintained or no such notice of location or of change of location shall be given, presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee.

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