Common use of Repair and Alterations Clause in Contracts

Repair and Alterations. (a) The Chargor shall repair its Properties and keep it in good and substantial repair and condition (fair wear and tear excepted) (provided that where such Properties are held under a lease, compliance by the Chargor with its obligations under such lease shall be sufficient (fair wear and tear excepted).

Repair and Alterations. (a) The Each Chargor shall repair its Properties and keep it in good and substantial repair and condition (fair wear and tear excepted) (provided that where such Properties are held under a lease, compliance by the relevant Chargor with its obligations under such lease shall be sufficient (fair wear and tear excepted).