O & M Program. In the event the Environmental Report recommends the development of an operation and maintenance program for any of the Properties (including, without limitation, with respect to the presence of asbestos and/or lead-based paint) (“O & M Program”), Borrowers shall develop an O & M Program, as approved by Lender, in Lender’s sole discretion, and shall, during the term of the Loan, including any extension or renewal thereof, comply in all respects with the terms and conditions of the O & M Program.
Appears in 2 contracts
Sources: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
O & M Program. In the event the Environmental Report recommends the development of an operation and maintenance program for any of the Properties (including, without limitation, with respect to the presence of asbestos and/or lead-based paint) (“"O & M Program”"), Borrowers shall develop an O & M Program, as approved by Lender, in Lender’s 's sole discretion, and shall, during the term of the Loan, including any extension or renewal thereof, comply in all respects with the terms and conditions of the O & M Program.
Appears in 1 contract
Sources: Loan and Security Agreement (Education Realty Trust, Inc.)