Common use of Condition of Mortgaged Property Clause in Contracts

Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a) the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or (b) any previous damage to the Mortgaged Property has been fully restored. 2. Section 5.09(a) is deleted in its entirety and replaced with the following: (a) Borrower, any commercial tenant of the Mortgaged Property and/or any operatorproperty manager of the Mortgaged Property and, to the best of Borrower’s knowledge after due inquiry and investigation, any commercial tenant of the Mortgaged Property, is in possession of all material licenses, permits and authorizations required for use of the Mortgaged Property, which are valid and in full force and effect as of the date of this Loan Agreement.

Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a) ), the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or (b) any previous damage to the Mortgaged Property has been fully restored. 2. Section 5.09(a) is deleted in its entirety and replaced with the following: (a) Borrower, any commercial tenant of the Mortgaged Property and/or any operatorproperty manager of the Mortgaged Property and, to the best of Borrower’s knowledge after due inquiry and investigation, any commercial tenant of the Mortgaged Property, is in possession of all material licenses, permits and authorizations required for use of the Mortgaged Property, which are valid and in full force and effect as of the date of this Loan Agreement.

Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a) the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or (b) any previous damage to the Mortgaged Property has been fully restored. 2. Section 5.09(a) is deleted in its entirety and replaced with the following: (a) Borrower, any commercial tenant of the Mortgaged Property and/or any operatorproperty manager of the Mortgaged Property and, to the best of Borrower’s knowledge after due inquiry and investigation, any commercial tenant of the Mortgaged Property, is in possession of all material licenses, permits and authorizations required for use of the Mortgaged Property, which are valid and in full force and effect as of the date of this Loan Agreement. 3. Section 6.04(a) is deleted in its entirety and replaced with the following: