My WebLink
|
Help
|
About
|
Sign Out
Browse
201007999
LFImages
>
Deeds
>
Deeds By Year
>
2010
>
201007999
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/11/2011 2:17:00 PM
Creation date
10/29/2010 8:53:42 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201007999
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
95
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
2�1007999 <br />(d) Condition of Personal Property. The equipment, inventory, improvements, <br />fixtures, goods and other tangible personal/movable praperty farming a part af the Property and <br />used or usefiil thereto in the conduct of its business are and will remain in good repair and <br />condition (taking into consideratian ordinary wear and tear) and are and will be adequate for the <br />normal operation of the Praperty in accordance with prudent industry standards; all of such <br />Prop�rty is, and will remain, located on the Mortgaged Properties, except for that portion thereof <br />which is or shall be located elsewhere (including that usually located on the Mortgaged <br />Properties but temporarily located elsewhere) in the course of the normal operation af the <br />Property and sales and disposals permitted by Section '7.5 of the Credit Agr�ement. <br />(e) Oneration of Prop�rty. Th� Property is being and, to the extent the same could <br />reasonably be expected to result in a Material Adverse Effect has in the past been, and hereafter <br />will be, maintained and operated in a good and workmanlike manner, in accardatace with the <br />standard of care typical in the industry and in conformity in all material respects with all any <br />applicable Requirement of Law and all rules, regulations and orders af all duly constituted <br />authorities having jurisdiction and in canformity with all Contracts, Servitudes and other <br />agreements and leases forming a part of the Property and in conformity with the Liens permitted <br />under Sectian 7.3 of the Credit Agreement. Mortgagor has, and will have in the future, all <br />governrnental licenses and permits necessary or appropriate to own and operate any Property, <br />except where such failure to do so could not reasonably be expected to result in. a Material <br />Adverse Effect. <br />( fl Sale or Dis,�osal. Mortgagor will not, without the prior written consent of <br />Administrative Agent, se11, exchange, lease, transfu�', or otherwise dispose of or abandon, aray <br />part of, or interest in, the Froperty other than as permitted by Sections 7.5 of the Credit <br />Agreement. <br />(g) Enviranmental. <br />(i) Current Status. '�e Property and Mortgagor are not in violation of the <br />representations and warranties contained in Section 4.1$ of the Credit Agreement. <br />(ii) Puture Perfarmance. The following definitio�. is applicable for the terms <br />used in this section. "Applicable Envirorimental Laws" shall mean any applicable <br />Requirement of Law, including, without limitation, th� common law, pertaining to safety, <br />health or the environment, as such Requirement of Law now exist or are hereafter <br />enacted and/or am�nded (Applicable Environmental Laws shall include the <br />Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as <br />amended by the Supezfund Amendments and Reauthorizatian Act of 1986 (as amended, <br />hereinafter called "CERCLA"), the Resaurce Conservation and Recovery Act of 1976, as <br />amended by the Used Oil Recycling Act of 1980, the Solid Waste Disposal Act <br />Amendments of 19$0, and the Hazardous and Solid Waste ,Amendments of 1984 (as <br />amended, hereinafter called "RCRA") and applicable state and local Law). The terms <br />"hazardous substance" and "release" as used in this Mortgage shall have the meanings <br />specified in CERCLA, and the terms "solid waste" and "disposal" (or "disposed") shall <br />have the meanings specified in RCRA; pravided, in the event either CERCLA or RCRA <br />is amended so as to broaden the meaning of any term defined thereby, such broader <br />� <br />
The URL can be used to link to this page
Your browser does not support the video tag.