Common use of Business Practice Clause in Contracts

Business Practice. Except as otherwise provided in this Article ----------------- 2, the Sellers shall continue, or shall cause any Affiliate, tenant, or third party managing, maintaining or occupying, as the case may be, any of the Properties (referred to herein individually as a "Prior Occupant" and collectively as the "Prior Occupants") to continue, to manage, to maintain and to operate the Properties in accordance with sound and prudent business practices and keep the Properties and the tangible personal property thereon in good condition and repair, ordinary wear and tear excepted. The Sellers shall instruct such Prior Occupant not to make any change in its management, maintenance or operation of the Properties or in its normal and customary other practices. The Prior Occupants are identified on Schedule 2.1 to this ------------ Agreement.

Appears in 1 contract

Sources: Real Property Purchase Agreement (Capital Automotive Reit)

Business Practice. Except as otherwise provided in this Article ----------------- 2, the Sellers shall continue, or shall cause any Affiliate, tenant, or third party managing, maintaining or occupying, as the case may be, any of the Properties (referred to herein individually as a "Prior Occupant" and collectively as the "Prior Occupants") to continue, to manage, to maintain and to operate the Properties in accordance with sound and prudent business practices and keep the Properties and the tangible personal property thereon in good condition and repair, ordinary wear and tear excepted. The Sellers shall instruct such Prior Occupant not to make any material change in its management, maintenance or operation of the Properties or in its normal and customary other practices. The Prior Occupants are identified on Schedule SCHEDULE 2.1 to this ------------ Agreement.

Appears in 1 contract

Sources: Real Property Purchase Agreement (Cross Continent Auto Retailers Inc M&l)

Business Practice. Except as otherwise provided in this Article ----------------- 2, the Sellers shall continue, or shall cause any Affiliate, tenant, or third party managing, maintaining or occupying, as the case may be, any of the Properties (referred to herein individually as a "Prior Occupant" and collectively as the "Prior Occupants") to continue, to manage, to maintain and to operate the Properties in accordance with sound and prudent business practices and keep the Properties and the tangible personal property thereon in good condition and repair, ordinary wear and tear excepted. The Sellers shall instruct such Prior Occupant not to make any change in its management, maintenance or operation of the Properties or in its normal and customary other practices. The Prior Occupants are identified on Schedule 2.1 to this ------------ Agreement.. ------------

Appears in 1 contract

Sources: Real Property Purchase Agreement (Capital Automotive Reit)