Common use of Waste Clause in Contracts

Waste. Borrower shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 12 contracts

Samples: Loan Agreement (Sears Holdings Corp), Loan Agreement (Esl Partners, L.P.), Loan Agreement (Esl Partners, L.P.)

AutoNDA by SimpleDocs

Waste. Borrower shall not commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties Property (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 8 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Carter Validus Mission Critical REIT, Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Waste. No Borrower or Property Owner shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower or Property Owner shall promptly correct any such actions of which Borrower or Property Owner becomes aware).

Appears in 3 contracts

Samples: Senior Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (Gramercy Capital Corp), Senior Mezzanine Loan Agreement (Gramercy Capital Corp)

Waste. Borrower shall not commit or permit any Waste waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware)Property.

Appears in 2 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (Reckson Associates Realty Corp)

Waste. Borrower shall not commit or permit any Waste waste on any of the PropertiesProperties so as to result in a Material Adverse Effect, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 2 contracts

Samples: Management Agreement (American Casino & Entertainment Properties LLC), Management Agreement (American Casino & Entertainment Properties LLC)

Waste. Borrower and Operating Lessee shall not commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties Property (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 2 contracts

Samples: Loan Agreement (Chesapeake Lodging Trust), Loan Agreement (Chesapeake Lodging Trust)

Waste. Borrower Borrowers shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower Borrowers shall promptly correct any such actions of which Borrower becomes Borrowers become aware).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Sears Holdings Corp), Term Loan Credit Agreement (Sears Holdings Corp)

Waste. Borrower shall not, and shall not permit Mortgage Borrower to, commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties Property (and Borrower shall, or shall cause Mortgage Borrower to, promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Mezzanine Loan Agreement (New York REIT, Inc.)

Waste. Neither Borrower nor Operating Lessee shall not commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (Pebblebrook Hotel Trust)

Waste. Borrower shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).. ARTICLE VII

Appears in 1 contract

Samples: Loan Agreement (Parkway, Inc.)

Waste. No Borrower shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (Gramercy Capital Corp)

Waste. Borrower shall not commit or permit any Waste on waste of any of the Properties, nor take Mortgaged Property owned by it or permit any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware)nuisance to be maintained thereon.

Appears in 1 contract

Samples: Loan Agreement (Walden Residential Properties Inc)

AutoNDA by SimpleDocs

Waste. Borrower shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).. 84 [AM_ACTIVE 400655008_12]

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

Waste. Borrower shall not intentionally commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might could reasonably be expected to invalidate any insurance carried on any of the Properties Property (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (Aspen REIT, Inc.)

Waste. Borrower shall not commit or permit (by Master Tenant or any other Person) any Waste on any of the Properties, nor take any actions that might could be reasonably likely to invalidate any insurance carried on any of the Properties (and Borrower shall, or shall cause Master Tenant to, promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (Toys R Us Inc)

Waste. Borrower shall not, and shall not permit Property Owner to, commit or permit (by Master Tenant or any other Person) any Waste on any of the Properties, nor take any actions that might could be reasonably likely to invalidate any insurance carried on any of the Properties (and Borrower shall, or shall cause Property Owner or Master Tenant to, promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Toys R Us Inc)

Waste. Borrower shall not commit or permit any Waste waste on any of the PropertiesMortgaged Properties so as to result in a Material Adverse Effect, nor take any actions that might invalidate any insurance required to be carried on any of the Mortgaged Properties pursuant to this Agreement (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (W2007 Grace Acquisition I Inc)

Waste. Borrower shall not commit or permit any Waste on any of the Properties, nor take any actions that might invalidate any insurance carried on any of the Properties (and Borrower shall promptly correct any such actions of which Borrower becomes aware).. | NY\1631294.13 mle xx xxxx Loan Agreement||

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)

Waste. Neither Borrower nor Operating Lessee shall not commit or permit any Waste on any of the PropertiesProperty, nor take any actions that might invalidate any insurance carried on any of the Properties Property (and Borrower shall promptly correct any such actions of which Borrower becomes aware).

Appears in 1 contract

Samples: Loan Agreement (Pebblebrook Hotel Trust)

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