Common use of Property Documents Clause in Contracts

Property Documents. Without limiting the other provisions of this Agreement and the other Loan Documents, Borrower shall (a) promptly perform and/or observe, in all material respects, all of the covenants and agreements required to be performed and observed by it under the Property Documents and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under the Property Documents of which it is aware; (c) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Property Documents; (d) enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed under the Property Documents in a commercially reasonable manner; (e) cause the Property to be operated, in all material respects, in accordance with the Property Documents; and (f) not, without the prior written consent of Lender, (i) enter into any new Property Document or replace or execute modifications to any existing Property Documents or renew or extend the same (exclusive of, in each case, any automatic renewal or extension in accordance with its terms), (ii) surrender, terminate or cancel the Property Documents, (iii) reduce or consent to the reduction of the term of the Property Documents, (iv) increase or consent to the increase of the amount of any charges under the Property Documents, (v) otherwise modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under, the Property Documents in any material respect or (vi) following the occurrence and during the continuance of an Event of Default, exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Property Documents.

Property Documents. Without limiting the other provisions of this Agreement and the other Loan Documents, Borrower shall cause Mezzanine A Borrower to cause Mortgage Borrower to (ai) promptly perform and/or observe, in all material respects, all of the covenants and agreements (other than those of a de minimis nature) required to be performed and observed by it under the Property Documents Documents, and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (bii) promptly notify Lender of any material default under the Property Documents of which it is awareaware which is reasonably likely to have a Material Adverse Effect; (ciii) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Property Documents[reserved]; (div) enforce the performance and observance of all of the covenants and agreements (other than those of a de minimis nature) required to be performed and/or observed under the Property Documents in a commercially reasonable manner; (ev) cause the Property to be operated, in all material respects, in accordance with the Property Documents; and (fvi) not, without the prior written consent of LenderLender (such consent not to be unreasonably withheld, conditioned or delayed), (iA) enter into any new Property Document or replace or execute modifications to any existing Property Documents or renew or extend the same (exclusive of, in each case, any automatic renewal or extension in accordance with its terms)Document, (iiB) surrender, terminate or cancel any of the Property Documents, (iiiC) reduce or consent to the reduction of the term of the Property Documents, (iv) increase or consent to the increase of the amount of any charges under the Property Documents, (vD) otherwise modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under, or increase or consent to the increase of the amount of any charges payable by Mortgage Borrower under the Property Documents in any material respect if it could reasonably be expected to have a Material Adverse Effect, or (viE) following the occurrence and during the continuance of an Event of Default, exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Property DocumentsDocuments if any of the foregoing could reasonably be expected to have a Material Adverse Effect.

Property Documents. Without limiting the other provisions of this Agreement and the other Loan Documents, Borrower shall cause Mortgage Borrower to (ai) promptly perform and/or observe, in all material respects, all of the covenants and agreements (other than those of a de minimis nature) required to be performed and observed by it under the Property Documents and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (bii) promptly notify Lender of any material default under the Property Documents of which it is awareaware which is reasonably likely to have a Material Adverse Effect; (ciii) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Property Documents[reserved]; (div) enforce the performance and observance of all of the covenants and agreements (other than those of a de minimis nature) required to be performed and/or observed under the Property Documents in a commercially reasonable manner; (ev) cause the Property to be operated, in all material respects, in accordance with the Property Documents; and (fvi) not, without the prior written consent of LenderLender (such consent not to be unreasonably withheld, conditioned or delayed), (iA) enter into any new Property Document or replace or execute modifications to any existing Property Documents or renew or extend the same (exclusive of, in each case, any automatic renewal or extension in accordance with its terms)Document, (iiB) surrender, terminate or cancel any of the Property Documents, (iiiC) reduce or consent to the reduction of the term of the Property Documents, (iv) increase or consent to the increase of the amount of any charges under the Property Documents, (vD) otherwise modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under, or increase or consent to the increase of the amount of any charges payable by Mortgage Borrower under the Property Documents in any material respect if it could reasonably be expected to have a Material Adverse Effect, or (viE) following the occurrence and during the continuance of an Event of Default, exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Property DocumentsDocuments if any of the foregoing could reasonably be expected to have a Material Adverse Effect.