Common use of Waste Clause in Contracts

Waste. Borrower shall not commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 12 contracts

Samples: Deed of Trust and Security Agreement (Republic Property Trust), Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Trust and Security Agreement (Inland American Real Estate Trust, Inc.)

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Waste. Borrower shall not commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might is likely to invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way is likely to materially impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of Lender, and except to the extent required under the Permitted Encumbrances, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 6 contracts

Samples: Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc)

Waste. Borrower shall not commit or suffer any physical or actual waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might is reasonably expected to invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may is reasonably expected to in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of LenderLender (not to be unreasonably withheld or delayed), permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 6 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Waste. Borrower shall not commit or suffer suffer, and shall not cause Mortgage Borrower to commit or suffer, any physical or actual waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 4 contracts

Samples: Mezzanine Loan Agreement (Maguire Properties Inc), Junior Mezzanine Loan Agreement (Maguire Properties Inc), Senior Mezzanine Loan Agreement (Maguire Properties Inc)

Waste. Borrower shall not commit (or permit to be committed) or suffer (or permit to be suffered) any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take (or permit to be taken) any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 4 contracts

Samples: Loan Agreement (American Realty Capital New York Recovery Reit Inc), Loan Agreement (American Realty Capital Trust III, Inc.), Loan Agreement (American Realty Capital Trust III, Inc.)

Waste. Borrower shall not not, and shall use commercially reasonable efforts to cause each Tenant occupying the Property (or any portion thereof) to not, commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 2 contracts

Samples: Loan Agreement (Cole Corporate Income Trust, Inc.), Loan Agreement (Cole Credit Property Trust Iv, Inc.)

Waste. Borrower shall not knowingly commit (or permit to be committed) or suffer (or permit to be suffered) any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make or permit any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take (or permit to be taken) any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Sothebys)

Waste. Borrower shall not, and shall not permit Operating Tenant to, commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrumentfor the Loan. Borrower will not, and will not permit Operating Tenant to, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the LandProperty, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Loan Agreement (Condor Hospitality Trust, Inc.)

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Waste. Borrower shall not commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Propertyproperty, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrument. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Trust and Security Agreement (First Potomac Realty Trust)

Waste. Borrower shall Grantor will not commit or knowingly suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for allow the cancellation of any Policyinsurance policy which Grantor is obligated to maintain pursuant to the Loan Agreement, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument. Borrower Grantor will not, without the prior written consent of LenderAdministrative Agent and the Required Lenders, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, except as permitted by the Permitted Encumbrances, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: KBS Real Estate Investment Trust III, Inc.

Waste. Borrower shall not commit or suffer any waste of the Property or, or without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security of this Security Instrument. Borrower will not, not without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, extraction removal or production of any minerals from the surface or the subsurface of the Land, Land regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (First Potomac Realty Trust)

Waste. Borrower shall will not commit or suffer any waste of the Property or, without first obtaining such additional insurance as may be necessary to cover a proposed change in use of the Property, or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for allow the cancellation of any Policyinsurance policy which Borrower is obligated to maintain pursuant to the Loan Agreement, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument. Borrower will not, without the prior written consent of LenderAdministrative Agent and the Required Lenders, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Land, regardless of the depth thereof or the method of mining or extraction thereof.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (KBS Real Estate Investment Trust III, Inc.)

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