OPERATION OF THE PROPERTY PRIOR TO THE CLOSING DATE Sample Clauses

OPERATION OF THE PROPERTY PRIOR TO THE CLOSING DATE. Between the date hereof and the Closing Date, the Seller shall continue to operate and maintain the Property in accordance with its customary practice.
Sample 1
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OPERATION OF THE PROPERTY PRIOR TO THE CLOSING DATE a) Seller shall not, after the Effective Date, enter into any new Leases or any amendments of existing Leases, or permit any tenant to enter into any sublease, assignment or other agreement (where the consent of Seller is required under the LEGAL02/38577646v9 applicable Lease), or waive any material rights of landlord under any Lease, without in each case obtaining Buyer’s prior written consent thereto, which consent in the case of any new Lease shall include approval of the financial condition of the proposed tenant, the configuration of the space to be leased, and the terms of such Lease (including, without limitation, the rent and any concessions provided under such proposed Lease), which consent may not be unreasonably withheld or conditioned. Seller shall give Buyer, together with any request for approval of a new Lease or Lease amendment, copies of the proposed Lease or Lease amendments, a description of the proposed tenant and its proposed use of the premises, and whatever financial information on the proposed tenant Seller has received. Notwithstanding anything to the contrary provided in this Section 6.a, if Buyer fails to disapprove in writing any such new Lease or other action requiring Buyer’s consent under this Section 6.a within five (5) days after Buyer’s receipt of such request and information, Buyer shall be deemed to have approved such new Lease or other action. If Buyer disapproves of such new Lease or other action, Buyer shall provide Seller, along with such written notice of disapproval, the reasons for Buyer’s disapproval. The tenant improvements, tenant allowances and leasing commissions relating to any new Lease or amendment shall be paid as determined by Seller and Buyer as part of the approval process.
Sample 1

Related to OPERATION OF THE PROPERTY PRIOR TO THE CLOSING DATE

  • Operations Prior to the Closing Date (a) Seller shall use its commercially reasonable efforts to, and to cause the Companies to, operate and carry on the Business in the ordinary course and substantially as operated immediately prior to the date of this Agreement. Consistent with the foregoing, Seller shall use its commercially reasonable efforts, and shall cause the Companies to use their commercially reasonable efforts, consistent with good business practice, to preserve the goodwill of the suppliers, contractors, licensors, employees, customers, distributors and others having business relations with the Business.

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • Operations Prior to Closing Between the date of the execution of this Agreement and Closing:

  • Conduct of Business Prior to the Closing From the date hereof until the Closing, except as otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), Seller shall, and shall cause the Company to, (x) conduct the business of the Company in the ordinary course of business consistent with past practice; and (y) use reasonable best efforts to maintain and preserve intact the current organization, business and franchise of the Company and to preserve the rights, franchises, goodwill and relationships of its employees, customers, lenders, suppliers, regulators and others having business relationships with the Company. Without limiting the foregoing, from the date hereof until the Closing Date, Seller shall:

  • Conduct Prior to the Effective Time 5.1 Conduct of Business by the Company.

  • Conduct of Business Prior to the Effective Time Except as otherwise expressly contemplated or permitted by this Agreement or with the prior written consent of TD Banknorth, during the period from the date of this Agreement to the Effective Time, Hxxxxx United shall, and shall cause each of its Subsidiaries to, (i) conduct its business in the usual, regular and ordinary course consistent with past practice, (ii) use reasonable best efforts to maintain and preserve intact its business organization, and its rights, authorizations, franchises and other authorizations issued by Governmental Entities, preserve its advantageous business relationships with customers, vendors and others doing business with it and retain the services of its officers and key employees and (iii) take no action which would reasonably be expected to adversely affect the receipt of any approvals of any Governmental Entity required to consummate the transactions contemplated hereby or to consummate the transactions contemplated hereby or delay the receipt of such approvals subsequent to the date set forth in Section 9.1(c).

  • Cooperation Prior to the Distribution Prior to the Distribution:

  • Conduct Prior to the Closing 19 4.1 Conduct of Business of the Company.............................. 19 4.2

  • Actions Prior to Closing From the date hereof until the Closing Date, Contributor shall not take any action or fail to take any action the result of which could (1) have a material adverse effect on the Contributed Interests or the Operating Partnership’s ownership thereof, or any Material Adverse Effect on any Contributed Entity or Property after the Closing Date or (2) cause any of the representations and warranties contained in this Section 2.2 to be untrue as of the Closing Date.

  • Conditions to the Closing Date The obligations of each Bank to make the Loans contemplated by subsections 2.1 and 2.2 and of the Issuing Bank to issue Letters of Credit contemplated by subsection 3.1 shall be subject to the compliance by the Company with its agreements herein contained and to the satisfaction of the following conditions on or before the Closing Date:

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