Common use of Performance of Replacements Clause in Contracts

Performance of Replacements. (a) Borrower shall make or cause Mortgage Borrower and Property Owner to make each Replacement when required in order to keep each Individual Property in good order, condition and repair, and to keep each Individual Property or any portion thereof from deteriorating. Borrower shall complete or cause Mortgage Borrower and Property Owner to complete all Replacements in a good and workmanlike manner as soon as practicable, subject to force majeure delay, following the commencement of making each such Replacement.

Appears in 3 contracts

Samples: Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC)

AutoNDA by SimpleDocs

Performance of Replacements. (a) Borrower shall make (or cause Mortgage Borrower and Property Owner to make each Replacement be made) Replacements when required in order to keep each Individual Property in good order, condition working order and repair, and to keep (or cause to be kept) each Individual Property or any portion thereof from deteriorating. Borrower shall complete (or cause Mortgage Borrower and Property Owner to complete be completed) all Replacements in a good and workmanlike manner as soon as practicable, subject to force majeure delay, practicable following the commencement of making each such Replacement.

Appears in 2 contracts

Samples: Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp)

AutoNDA by SimpleDocs

Performance of Replacements. (a) Borrower shall make or cause Mortgage Borrower and Property Owner to make each Replacement Replacements when required in order to keep each Individual Property in good order, condition and repairrepair consistent with other first class, full service hotels in the same market segment and under the same franchisor in the metropolitan area in which the respective Individual Property is located, and to keep each Individual Property or any portion thereof from deteriorating. Borrower shall complete or cause Mortgage Borrower and Property Owner to complete all Replacements in a good and workmanlike manner as soon as practicable, subject to force majeure delay, practicable following the commencement of making each such Replacement.

Appears in 2 contracts

Samples: Junior Mezzanine Loan Agreement (Felcor Lodging Trust Inc), Mezzanine Loan Agreement (Felcor Lodging Trust Inc)

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