Common use of Preservation of Property Clause in Contracts

Preservation of Property. AGENCY agrees that the Property herein described shall remain as it now is until Close of Escrow, and that AGENCY will prevent and refrain from any use of the Property for any purpose or in any manner which would adversely affect the value of the Property. Except as otherwise provided, AGENCY shall not transfer, lease or encumber any interest in the Property prior to the Close of Escrow.

Appears in 7 contracts

Samples: Sales and Purchase Agreement, Sales and Purchase Agreement, Sales and Purchase Agreement

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