Common use of Maintenance of Leased Real Property Clause in Contracts

Maintenance of Leased Real Property. Sellers will cause each Target to maintain the Leased Real Property, including all of the Improvements in substantially the same condition as existed on the date of this Agreement, ordinary wear and tear excepted, and shall not demolish or remove any of the existing Improvements, or erect new improvements on the Leased Real Property or any portion thereof, without the prior written consent of Buyer.

Appears in 3 contracts

Samples: Stock Purchase Agreement (HC2 Holdings, Inc.), Stock Purchase Agreement (HC2 Holdings, Inc.), Purchase Agreement (American Financial Group Inc)

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Maintenance of Leased Real Property. Sellers will cause each Target Company to maintain the Leased Real Property, including all of the Improvements Improvements, in substantially the same condition as existed on the date of this Agreement, ordinary wear and tear excepted, and shall not demolish or remove any of the existing Improvements, or erect new improvements on the Leased Real Property or any portion thereof, without the prior written consent of Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Investors Title Co)

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