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200512344
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12/19/2005 2:45:43 PM
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12/19/2005 2:45:41 PM
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DEEDS
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200512344
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<br />- 10 - <br /> <br />200512344 <br /> <br />"Impositions"), as well as all claims for labor, materials or supplies that, if unpaid, might by law <br />become a prior Lien thereon, and within 10 days after request by the Beneficiary or the Trustee <br />will exhibit receipts showing payment of any ofthe foregoing; provided, however, that if by law <br />any such Imposition may be paid in installments (whether or not interest shall accrue on the <br />unpaid balance thereof), the Trustor may pay the same in installments (together with accrued <br />interest on the unpaid balance thereof) as the same respectively become due, before any fine, <br />penalty or cost attaches thereto. <br /> <br />(b) Right to Contest Impositions. To the extent not inconsistent with the <br />provisions of Section 5.03 ofthe Credit Agreement, the Trustor at its expense may, after prior <br />notice to the Beneficiary, contest by appropriate legal, administrative or other proceedings <br />conducted in good faith and with due diligence, the amount or validity or application, in whole or <br />in part, of any Imposition or Lien therefor or any claims of mechanics, materialmen, suppliers or <br />vendors or Lien thereof, and may withhold payment of the same pending such proceedings if <br />permitted by law, so long as (i) in the case of any Impositions or Lien therefor or any claims of <br />mechanics, materialmen, suppliers or vendors or Lien thereof, such proceedings shall suspend <br />the collection thereof from the Trust Estate, (ii) neither the Trust Estate nor any part thereof or <br />interest therein will be sold, forfeited or lost if the Trustor pays the amount or satisfies the <br />condition being contested, and the Trustor would have the opportunity to do so, in the event of <br />the Trustor's failure to prevail in the contest, and (iii) none of the Beneficiary, the Trustee nor <br />any ofthe Lenders or the Swingline Lenders would, by virtue of such permitted contest, be <br />exposed to any risk of any civil liability for which the Trustor has not set aside on its books <br />adequate reserves with respect thereto as required by Section 5.03 ofthe Credit Agreement, or to <br />any risk of criminal liability, and neither the Trust Estate nor any interest therein would be <br />subject to the imposition of any Lien for which the Trustor has not set aside on its books <br />adequate reserves with respect thereto as required by Section 5.03 ofthe Credit Agreement, as a <br />result of the failure to comply with such law or of such proceeding. <br /> <br />Section 1.07. Maintenance of the Improvements and Fixtures. The Trustor <br />shall not permit the Improvements or Fixtures to be removed or demolished (provided, however, <br />that, subject to the provisions of Section 5.03 of the Credit Agreement, the Trustor may remove <br />or alter such Improvements and Fixtures that become obsolete in the usual conduct of the <br />Trustor's business and the removal or alteration of which do not materially detract from the <br />operation ofthe Trustor's business); shall maintain the Trust Estate in good repair, working order <br />and condition, except for reasonable wear and use; and shall restore and repair, to the extent <br />required by the Credit Agreement, the Improvements and Fixtures or any part thereof now or <br />hereafter affected by any Casualty or Condemnation. <br /> <br />Deed of Trust <br /> <br />NY3:#7374669 <br />
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