Common use of OPERATE PROPERTY Clause in Contracts

OPERATE PROPERTY. After the expiration of the Inspection Period, except as or as required by 4.1.15 or approved in writing by Buyer, which approval will not be unreasonably withheld or delayed, to (i) operate the Property in the ordinary course of Seller's business consistent with historical business practices; (ii) not enter into new Tenant Leases, (iii) not grant rent concessions to any Tenants; (iv) not collect rents from Tenants in advance for more than one (1) month; and (v) not to amend any agreement or other instrument related to any Property or its business to which it is a party or by which it or any of the Property may be bound (vi) maintain and repair the Property (vii) to pay all income and withholding taxes and all ad valorem and other taxes and/or assessments upon its Property and business as they become due (viii) not to dispose of or encumber any Property (ix) not to do any act or omit any act which would cause a breach of any contract, commitment or obligation which would have a material adverse affect on the financial condition of any Property; (x) not to commit or make any capital expenditure, capital addition or capital improvement related to any Property; (xi) to give all notices and obtain all approvals from Governmental Authorities required by law for the transfer of the Property to Buyer and (xii) not enter into any new contracts or agreements with regard to the Property which are in addition to the Business Contracts disclosed to Buyer pursuant to SECTION 7.1. In the event that Seller takes any action that requires Buyer's written approval under this Section after the expiration of the Inspection Period, but such action is taken by Seller prior to the expiration of the Inspection Period, Seller shall provide Buyer written notice of such action.

OPERATE PROPERTY. After the expiration of the Inspection Period, except Except as or as required by 4.1.15 or approved in writing by Buyer, which approval will not be unreasonably withheld or delayed, to (i) operate the Property in the ordinary course of Seller's Sellers' business consistent with historical business practices; (ii) not enter into new Tenant Leases, ; (iii) not grant rent concessions to any Tenants, waive any Tenant default or terminate any Tenant Lease; (iv) not collect rents from Tenants in advance for more than one (1) month; and (v) not to amend any agreement or other instrument related to any Property or its business to which it is a party or by which it or any of the Property may be bound bound; (vi) maintain and repair the Property Property; (vii) to pay all income and withholding taxes and all ad valorem and other taxes and/or assessments upon its Property and business as they become due due; (viii) not to dispose of or encumber any Property the Property; (ix) not to do any act or omit any act which would cause a breach of any contract, commitment or obligation which would have a material adverse affect on the financial condition of any the Property; (x) not to commit or make any capital expenditure, capital addition or capital improvement related to any the Property; (xi) to give all notices and obtain all approvals from Governmental Authorities required by law for the transfer of the Property to Buyer Buyer; and (xii) not enter into any new contracts or agreements with regard to the Property which are in addition to the Business Contracts disclosed to Buyer pursuant to SECTION 7.1. In the event that Seller takes any action that requires Buyer's written approval under this Section after the expiration of the Inspection Period, but such action is taken by Seller prior to the expiration of the Inspection Period, Seller shall provide Buyer written notice of such action9.1.13.

OPERATE PROPERTY. After the expiration of the Inspection Period, except Except as or as required by 4.1.15 or approved in writing by Buyer, which approval will not be unreasonably withheld or delayed, to (i) operate the Property in the ordinary course of Seller's business consistent with historical business practices; (ii) not enter into new Tenant Leases, ; (iii) not grant rent concessions to any Tenants, waive any Tenant default or terminate any Tenant Lease; (iv) not collect rents from Tenants in advance for more than one (1) month; and (v) not to amend any agreement or other instrument related to any Property or its business to which it is a party or by which it or any of the Property may be bound bound; (vi) maintain and repair the Property Property; (vii) to pay all income and withholding taxes and all ad valorem and other taxes and/or assessments upon its Property and business as they become due due; (viii) not to dispose of or encumber any Property the Property; (ix) not to do any act or omit any act which would cause a breach of any contract, commitment or obligation which would have a material adverse affect on the financial condition of any the Property; (x) not to commit or make any capital expenditure, capital addition or capital improvement related to any the Property; (xi) to give all notices and obtain all approvals from Governmental Authorities required by law for the transfer of the Property to Buyer Buyer; and (xii) not enter into any new contracts or agreements with regard to the Property which are in addition to the Business Contracts disclosed to Buyer pursuant to SECTION 7.1. In the event that Seller takes any action that requires Buyer's written approval under this Section after the expiration of the Inspection Period, but such action is taken by Seller prior to the expiration of the Inspection Period, Seller shall provide Buyer written notice of such action9.1.13.

OPERATE PROPERTY. After the expiration of the Inspection Period, except as or as required by 4.1.15 or approved in writing by Buyer, which approval will not be unreasonably withheld or delayed, to (i) operate the Property in the ordinary course of Seller's business consistent with historical business practices; (ii) not enter into new Tenant Leases, ; (iii) not grant rent concessions to any Tenants; (iv) not collect rents from Tenants in advance for more than one (1) month; and (v) not to amend any agreement or other instrument related to any Property or its business to which it is a party or by which it or any of the Property may be bound (vi) maintain and repair the Property (vii) to pay all income and withholding taxes and all ad valorem and other taxes and/or assessments upon its Property and business as they become due (viii) not to dispose of or encumber any Property (ix) not to do any act or omit any act which would cause a breach of any contract, commitment or obligation which would have a material adverse affect on the financial condition of any Property; (x) not to commit or make any capital expenditure, capital addition or capital improvement related to any Property; (xi) to give all notices and obtain all approvals from Governmental Authorities required by law for the transfer of the Property to Buyer and (xii) not enter into any new contracts or agreements with regard to the Property which are in addition to the Business Contracts disclosed to Buyer pursuant to SECTION 7.1. In the event that Seller takes any action that requires Buyer's written approval under this Section after the expiration of the Inspection Period, but such action is taken by Seller prior to the expiration of the Inspection Period, Seller shall provide Buyer written notice of such action.