Common use of Recorded Instruments Clause in Contracts

Recorded Instruments. The Grantor will promptly perform and -------------------- observe, or cause to be performed and observed, all of the terms, covenants and conditions of all instruments of record affecting the Mortgaged Premises. The Grantor shall do or cause to be done all things reasonably required to preserve intact and unimpaired and to renew any and all rights-of-way, easements, grants, appurtenances, privileges, licenses, franchises and other interests and rights in favor of or constituting any material portion of the Mortgaged Premises. The Grantor will not, without the prior written consent of the Beneficiary, which shall not be unreasonably withheld or delayed, initiate, join in or consent to any private restrictive covenant or other public or private restriction as to the use of the Mortgaged Premises, except for such covenants or restrictions entered into in the ordinary course of business which do not materially impair the value of the Mortgaged Premises or have a material adverse effect on the Grantor's use and occupancy of the Mortgaged Premises or where such covenants or restrictions are necessary for the continued operation of the Mortgaged Premises. The Grantor shall, however, comply with all lawful restrictive covenants and zoning ordinances and shall remain in compliance with other public or private restrictions affecting the Mortgaged Premises to the extent required by the Credit Agreement.

Recorded Instruments. The Grantor Trustor will promptly perform and -------------------- observe, or cause to be performed and observed, all of the terms, covenants and conditions of all instruments of record affecting the Mortgaged Premises (other than non-consensual encumbrances hereafter affecting the Mortgaged Premises, the validity or enforceability of which the Trustor is contesting in accordance with this Trust Deed) where non-compliance therewith affects the security of this Trust Deed or imposes any duty or obligation upon the Trustor or any Space Tenant. The Grantor Trustor shall do or cause to be done all things reasonably required to preserve intact and unimpaired and to renew any and all rights-of-way, easements, grants, appurtenances, privileges, licenses, franchises and other interests and rights in favor of or constituting any material portion of the Mortgaged Premises. The Grantor Trustor will not, without the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld or delayed, initiate, join in or consent to any private restrictive covenant or other public or private restriction as to the use of the Mortgaged Premises, except for such covenants all or restrictions entered into in the ordinary course of business which do not materially impair the value of the Mortgaged Premises or have a material adverse effect on the Grantor's use and occupancy of the Mortgaged Premises or where such covenants or restrictions are necessary for the continued operation any portion of the Mortgaged Premises. The Grantor shallTrustor will, however, comply with all lawful restrictive covenants and zoning ordinances and shall remain in compliance with other public or private restrictions affecting all or any portion of the Mortgaged Premises to the extent required by the Credit AgreementPremises.

Recorded Instruments. The Grantor Trustor will promptly perform and -------------------- observe, or cause to be performed and observed, all of the terms, covenants and conditions of all instruments of record affecting the Mortgaged Premises (other than non-consensual encumbrances hereafter affecting the Mortgaged Premises, the validity or enforceability of which the Trustor is contesting in accordance with this Trust Deed) where non-compliance therewith affects the security of this Trust Deed or imposes any duty or obligation upon the Trustor or any Space Tenant. The Grantor Trustor shall do or cause to be done all things reasonably required to preserve intact and unimpaired and to renew any and all rights-of-way, easements, grants, appurtenances, privileges, licenses, franchises and other interests and rights in favor of or constituting any material portion of the Mortgaged Premises. The Grantor Trustor will not, without the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld or delayed, initiate, join in or consent to any private restrictive covenant or other public or private restriction as to the use of the Mortgaged Premises, except for such covenants all or restrictions entered into in the ordinary course of business which do not materially impair the value of the Mortgaged Premises or have a material adverse effect on the Grantor's use and occupancy of the Mortgaged Premises or where such covenants or restrictions are necessary for the continued operation any portion of the Mortgaged Premises. The Grantor shallTrustor will, however, comply with all lawful restrictive covenants and zoning ordinances and shall remain in compliance with other public or private restrictions affecting all or any portion of the Mortgaged Premises to the extent required by the Credit Agreement.Premises. FRK11622.A05 285741572 01/09/97 KDF: