PERFORMANCE OF MORTGAGED CONDOMINIUM PROPERTY DOCUMENTS. The Borrower shall cause the Condominium Borrower to fully and faithfully pay when due and payable all assessments, common charges and other charges payable by Condominium Borrower under the Condominium Property Documents and shall perform as and when due each of its material obligations under the Condominium Property Documents in substantial accordance with their respective terms, and shall not cause or suffer to occur any breach or default in any of such obligations. The Borrower shall cause the Condominium Borrower to keep and maintain each of the Condominium Property Documents in full force and effect.
Appears in 2 contracts
Sources: Mezzanine Loan Agreement (Lodgian Inc), Mezzanine Loan Agreement (Lodgian Inc)
PERFORMANCE OF MORTGAGED CONDOMINIUM PROPERTY DOCUMENTS. The Borrower Condominium Borrowers shall cause the Condominium Borrower to fully and faithfully pay when due and payable all assessments, common charges and other charges payable by the Condominium Borrower Borrowers under the Mortgaged Condominium Property Documents and shall perform as and when due each of its material obligations under the Mortgaged Condominium Property Documents in substantial accordance with their respective terms, and shall not cause or suffer to occur any breach or default in any of such obligations. The Borrower Condominium Borrowers shall cause the Condominium Borrower to keep and maintain each of the Mortgaged Condominium Property Documents in full force and effect.
Appears in 2 contracts
Sources: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)