Common use of Real Property Covenants Clause in Contracts

Real Property Covenants. With respect to the Real Property: (a) Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default has occurred and is continuing, deliver or cause to be delivered to Lender written reports or appraisals as to the Real Property in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Real Property in good order, repair and marketable condition (ordinary wear and tear excepted);

Appears in 2 contracts

Sources: Loan Agreement (Imax Corp), Loan Agreement (Imax Corp)