Common use of Physical Condition Clause in Contracts

Physical Condition. Except as disclosed in an Engineering Report, each Individual Property is free of material structural defects and all building systems contained therein are in good working order in all material respects subject to ordinary wear and tear.

Appears in 20 contracts

Sources: Loan Agreement, Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Physical Condition. Except as disclosed in an Engineering Report, each Each Individual Property is free of material structural defects and all building systems contained therein are in good working order in all material respects subject to ordinary wear and tear., except as disclosed in the Engineering Reports described on Exhibit D.

Appears in 1 contract

Sources: Loan Agreement (Ambassador Apartments Inc)

Physical Condition. Except as disclosed in an Engineering Report, each Each Individual Property is free of material structural defects and all building systems contained therein are in good working order in all material respects subject to ordinary wear and tear., except as disclosed in the Engineering Reports described on Exhibit F.

Appears in 1 contract

Sources: Loan Agreement (Forum Group Inc)

Physical Condition. Except as disclosed in an Engineering Report, each Individual the Property is free of material structural defects and all building systems contained therein are in good working order in all material respects subject to ordinary wear and tear.

Appears in 1 contract

Sources: Loan Agreement (Ashford Hospitality Trust Inc)

Physical Condition. Except as disclosed in an the Engineering ReportReport(s), each Individual the Property is free of material structural defects and all building systems contained therein are in good working order in all material respects subject to ordinary wear and tear.

Appears in 1 contract

Sources: Loan Agreement (Digital Realty Trust, Inc.)