Common use of Use of Mortgaged Property Clause in Contracts

Use of Mortgaged Property. Each parcel of Mortgaged Property will be used, or intended for use, primarily as a facility for the sale or repair of motor vehicles by the lessee of the Mortgaged Property, except as otherwise permitted under the Leases.

Appears in 2 contracts

Sources: Construction Credit Agreement (Capital Automotive Reit), Credit Agreement (Capital Automotive Reit)