Maintenance of Property Pending Closing Sample Clauses

Maintenance of Property Pending Closing. At all times prior to the Closing Date, Seller shall continue to maintain the Assets and conduct its operation associated with the Product in the same manner as they have been maintained and operated by Seller prior to the execution of this Agreement.
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Maintenance of Property Pending Closing. Between the date hereof and the Closing Date, Seller shall continue to operate and manage the Property in a reasonable, diligent and prudent manner and pay all bills, whether for taxes, assessments, insurance, maintenance, utilities, repairs or otherwise.
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Maintenance of Property Pending Closing. Between the Effective Date and the Closing Date, Seller agrees to maintain the Property in the condition it existed on the Effective Date, ordinary wear and tear excepted. From and after the Effective Date and until the expiration of the Due Diligence Period, Seller shall not lease any space (except as otherwise permitted in this Agreement), encumber, subdivide, re-zone, impair title to, or alter the improvements on the Property, except as otherwise provided herein, without the prior written consent of Buyer which consent shall not be unreasonably withheld or delayed. Following the expiration of the Due Diligence Period, Seller shall not undertake any of the foregoing actions other than the leasing of units in accordance with Section 12 hereof through December 20, 2004. After said date, there shall be no further leasing of units at the Property. Buyer or Buyer’s designee will be permitted access for inspection prior to Closing in order to confirm compliance with this condition and otherwise.
Sample 1
Maintenance of Property Pending Closing. At all times prior to the Closing Date, Seller shall continue to maintain the Assets and conduct its operation of the Georgia Business in substantially the same manner as they have been maintained and operated by Seller prior to the Effective Date.
Sample 1
Maintenance of Property Pending Closing. Between the date hereof and the Closing Date, Seller shall (i) continue to operate and manage the Property in a reasonable, diligent and prudent manner and pay all bills, whether for taxes, assessments, insurance, maintenance, utilities, repairs or otherwise and (ii) perform all of its obligations under the Leases and Service Contracts. Prior to the expiration of the Initial Due Diligence Period, Seller will not amend or terminate any Lease (except for renewals or terminations that may be effected solely by the tenant without Seller's consent as landlord and not resulting from Seller being in violation of the Lease), or enter into any new Lease without Buyer’s express written consent, which consent may be withheld in Buyer’s sole and absolute discretion. On or before the date that is sixty (60) days following the Effective Date, Buyer shall identify to Seller in writing the space in the Property that it intends to occupy following Closing (the “Buyer Occupied Space”). Subsequent to the expiration of the Initial Due Diligence Period, Seller will not amend or terminate any Lease (except for renewals or terminations that may be effected solely by the tenant without Seller's consent as landlord and not resulting from Seller being in violation of the Lease), or enter into any new Lease without Buyer’s express written consent, which consent shall not be unreasonably withheld, conditioned or delayed, unless such new Lease would adversely affect Buyer’s intended use of the Property, in which event Buyer’s consent shall be in its sole and absolute discretion.
Sample 1
Maintenance of Property Pending Closing. Between the Effective Date of this Contract and the Closing, Seller shall maintain the Land, the improvements thereon, and other portions of the Property in substantially the same condition such property existed as of the Effective Date, ordinary wear and tear excepted.
Sample 1
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Related to Maintenance of Property Pending Closing

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Properties, Etc Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

  • Legal Existence; Maintenance of Properties The Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence, rights and franchises and those of its Subsidiaries and will not, and will not cause or permit any of the Guarantors to, convert to a limited liability company or a limited liability partnership unless simultaneously with such conversion the Borrower or such Guarantor shall have executed and delivered to the Administrative Agent all documentation which the Administrative Agent reasonably determines is necessary to continue the Borrower’s or such Guarantor’s obligations in respect of this Credit Agreement or the Guaranty, as applicable. It (a) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (b) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (c) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; provided that nothing in this §5.6 shall prevent the Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Borrower, desirable in the conduct of its or their business and does not in the aggregate materially adversely affect the business of the Borrower and its Subsidiaries on a consolidated basis.

  • Operation and Maintenance of Properties The Borrower, at its own expense, will, and will cause each Subsidiary to:

  • Maintenance of Property; Insurance (a) Keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business.

  • Maintenance of Property and Insurance Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type and not less than the amount in effect as of the Closing Date.

  • Maintenance of Properties; Insurance The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

  • Maintenance of Property and Licenses (a) In addition to the requirements of any of the Security Documents, protect and preserve all Properties necessary in and material to its business, including copyrights, patents, trade names, service marks and trademarks; maintain in good working order and condition, ordinary wear and tear excepted, all buildings, equipment and other tangible real and personal property; and from time to time make or cause to be made all repairs, renewals and replacements thereof and additions to such Property necessary for the conduct of its business, so that the business carried on in connection therewith may be conducted in a commercially reasonable manner, in each case except as such action or inaction would not reasonably be expected to result in a Material Adverse Effect.

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