PROTECTION OF THE PROPERTY Clause Samples
The 'Protection of the Property' clause establishes the responsibility of parties, typically tenants or occupants, to maintain and safeguard the property during the term of their occupancy. This clause often requires the responsible party to prevent damage, perform routine upkeep, and promptly report any issues that could affect the property's condition, such as leaks or structural problems. Its core function is to ensure the property remains in good condition, thereby preserving its value and minimizing disputes over damage or neglect.
PROTECTION OF THE PROPERTY. CONTRACTOR shall take all needed precautions to protect the property, both real and personal, of COUNTY and private individuals and shall safeguard the passing public from harm, from any eventualities arising during the course of the work. CONTRACTOR shall make certain that these safeguards are used for the above both during and after the hours of work.
PROTECTION OF THE PROPERTY. If Lender shall expend any sum or sums for the protection of any of the Property or the lien of this Mortgage (Lender to have uncontrolled discretion as to the necessity of making any such expenditures), the repayment of such sum or sums on demand (with interest thereon at the highest rate permitted under applicable law from the date of each expenditure) shall be the obligation of the Mortgagor; and such obligation to repay will constitute a part of the indebtedness secured hereby. The expenditures thus made reimbursable will include (without limiting the foregoing) taxes, special improvement assessments, and sums paid to discharge prior liens. The cost of any abstract or supplemental abstract procured by the Lender of the secured indebtedness to facilitate foreclosure will also constitute a part of the reimbursable expense secured hereby.
PROTECTION OF THE PROPERTY. (a) Licensor represents that the Prime Licensor is the owner of the trademarks or copyrights listed on Schedule I and that Licensor is a licensee thereof with right to sublicense. Licensee recognizes the great value of the good will associated with the Property and acknowledges that the Property and all rights therein (including trademark rights and copyrights) and good will attached thereto belong exclusively to Prime Licensor, that the Property has secondary meaning in the minds of the public, that the Property is well known and recognized by the general public and associated in the public mind with Licensor and Prime Licensor, and that all use of the Property will insure to the benefit of Prime Licensor (or Prime Licensor's grantor). Licensee agrees that it will not, during the term of this Agreement or thereafter, attack Licensor's and Prime Licensor's rights in and to the Property or attack the validity of this Agreement.
(b) License acknowledges that it has received only a license to use the Property and that this Agreement does not constitute any form of assignment or transfer of ownership in said Property, or the right to register any trademark, trademarks or copyright any material similar to the Prime Licensor's trademarks or copyrighted material in the United States or in any other country of the world, or the right to use any trademark, trademarks or copyrighted material similar to Prime Licensor's trademarks or copyrighted material, for any nontrademark or noncopyright purpose whatsoever. At the termination or expiration of this Agreement, Licensee hereby assigns, transfers and coveys to Prime Licensor any rights, equities, good will, titles or other rights in and to the Property which may have been obtained by Licensee or which may have vested in Licensee in pursuance of any endeavor covered hereby. Licensee hereby agrees that Licensee shall not at any time acquire any rights in such Property by virtue of any use it may make of such Property. In all cases where Licensee desires artwork to be used in conjunction with the Licensed Articles, the cost of such artwork and the time for the production thereof shall be borne by Licensee. All artwork and designs involving the Property, or any reproduction thereof, shall, notwithstanding their invention or use by Licensee, be and remain the property of Prime Licensor, and Licensor and Prime Licensor shall be entitled to use the same and to license the use of the same to others.
(c) Upon the request of L...
PROTECTION OF THE PROPERTY. I will notify you in writing prior to any change in my address, name or, if an organization, any change in my identity or structure. Until the Secured Debts are fully paid and this Agreement is terminated, I will not grant a security Interest in any of the Property without your prior written consent. I will pay all taxes and assessments levied or assessed against me or the Property and provide timely proof of payment of these taxes and assessments upon request.
PROTECTION OF THE PROPERTY. Borrower shall not destroy or damage the Property or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in ▇▇▇▇▇▇'s good faith judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Mortgage or ▇▇▇▇▇▇'s security interest. Borrower may cure such a default and reinstate, as provided in paragraph 13, by causing the action or proceeding to be dismissed with a ruling that, in ▇▇▇▇▇▇'s good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Mortgage or ▇▇▇▇▇▇'s security
PROTECTION OF THE PROPERTY