Legal and Insurance Requirements. 15 8.1 Compliance with Legal and Insurance Requirements...................................... 15 8.2
Legal and Insurance Requirements. (a) The Mortgagor represents and warrants that (i) as of the date hereof, the Property and the use and operation thereof comply in all material respects with all Legal Requirements and Insurance Requirements; (ii) there is no material default under any Legal Requirement or Insurance Requirement; and (iii) the execution, delivery and performance of this Mortgage will not contravene in any material respect any provision of or constitute a material default under any Legal Requirement or Insurance Requirement.
Legal and Insurance Requirements. (a) The Mortgagor represents and warrants that as of the date hereof, (i) to the best of the Mortgagor's knowledge, (x) the Property and the use and operation thereof comply with all Insurance Requirements and all material Legal Requirements, and (y) there is no default under any Legal Requirement or Insurance Requirement which would have a material adverse effect on the use or operation of the Property, and (ii) the execution, delivery and performance of this Mortgage will not contravene any provision of or constitute a default under any Legal Requirement or Insurance Requirement.
Legal and Insurance Requirements. (a) The Grantor represents and warrants that (i) the Property and the use and operation thereof materially comply with all Legal Requirements and Insurance Requirements; (ii) there is no default under any Legal Requirement or Insurance Requirement which would have a material adverse effect on the Property; and (iii) the execution, delivery and performance of this Deed of Trust will not materially contravene any provision of or constitute a material default under any Legal Requirement or Insurance Requirement.
Legal and Insurance Requirements. Lessee agrees not to use or keep or allow the Demised Premises or any portion thereof to be used or occupied for any unlawful purpose or in violation of any certificate of occupancy or certificate of compliance covering or affecting the use of the Demised Premises or any portion thereof, and will not suffer any act to be done or any condition to exist on the Demised Premises or any portion thereof, or any article to be brought thereon, which may be dangerous, unless safeguarded as required by law, or which may, in law, constitute a nuisance, public or private or which may make void or voidable any insurance issued by Lessor's insurance company then in force on the Demised Premises or the Building.
Legal and Insurance Requirements. (a) The Mortgagor represents and warrants that, other than Legal Requirements and Insurance Requirements which are being contested pursuant to Section 2.07, (i) as of the date hereof, the Property and the use and operation thereof comply, in all material respects, with all Legal Requirements and Insurance Requirements; (ii) there is no material default under any Legal Requirement or Insurance Requirement; and (iii) the execution, delivery and performance of this Mortgage do not require any consent under, and will not contravene any provision of or constitute a material default under, any Legal Requirement or Insurance Requirement.
Legal and Insurance Requirements. The BORROWER is in full and absolute compliance with all “Legal Requirements” and “Insurance Requirements” as such terms are defined in the LEASE.
Legal and Insurance Requirements. (a) Borrower represents and warrants that as of the Mortgage Closing Date, (i) the Mortgaged Property and the use and operation thereof will comply, in all material respects, with all Legal Requirements and Insurance Requirements, (ii) to the actual knowledge of Borrower, there will be no material default under any Legal Requirement or Insurance Requirement, and (iii) the execution, delivery and performance of the Mortgage with respect to the Mortgaged Property will not contravene any provision of or constitute a violation of any Legal Requirement or Insurance Requirement the result of which failure to comply would reasonably be expected to have a Material Adverse Effect.
Legal and Insurance Requirements. Perform all such acts in and about the Hotel, in the name of Owner, as shall be reasonably necessary to comply with Legal Requirements or Insurance Requirements. If Owner shall adequately secure, defend and indemnify and hold Operator harmless against any claim, loss, cost, damage or expense arising out of or in connection therewith, Owner, at Owner’s cost and expense, shall have the right to contest the validity of any Legal Requirements if such contest shall not result in suspension of operation of the Hotel. Furthermore, subject to the foregoing indemnity, Owner may postpone compliance with any such Legal Requirements to the extent and in the manner provided by law until final determination of such Legal Requirements. Notwithstanding the foregoing, if failure to promptly comply with any such Legal Requirements shall result in the immediate suspension of operations of the Hotel or expose Owner or Operator, or any of their employees to the threat of criminal liability, then Owner shall cause the Legal Requirements to be complied with or the violation removed. If Owner fails to do so, Operator may, but shall not be obligated to cause the same to be complied with at Owner’s expense.
Legal and Insurance Requirements. Subject to Section 24, Tenant will timely comply with and conform to all of the Legal Requirements and Insurance Requirements which are Tenant’s responsibility under this Lease.
