Operation of the Property Prior to the Closing Sample Clauses

Operation of the Property Prior to the Closing. During the term of this Contract:
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Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof (provided, however, that without the prior consent of Purchaser, Seller shall not enter into any service contract that cannot be terminated with thirty (30) days notice); and (b) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge.
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Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall (a) lease, operate, maintain, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof [provided, however, that without the prior consent of Purchaser, (i) Seller shall not enter into any service contract that cannot be terminated with thirty (30) days notice; (ii) Seller shall not amend existing Tenant Leases in a manner that reduces the Tenant's obligations (financial or otherwise) or increases the landlord's obligations thereunder; and (iii) after the Inspection Period, Seller shall not enter into any new Tenant Lease, however, if Purchaser refuses to grant its consent to any new Tenant Lease which is proposed by Seller (and if Purchaser fails to notify Seller in writing of its approval or disapproval of such proposed Tenant Lease within five (5) days after Seller's delivery of notice of such proposed Tenant Lease, Purchaser shall be deemed to have approved such Tenant Lease), then Seller may, at its option, terminate this Contract by notice to Purchaser, in which event the Earnest Money Deposit shall be rexxxxxx to Purchaser and the parties shall have no further rights, duties or obligations hereunder except for provisions of this Contract which expressly survive the termination hereof]; and (b) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge. Notwithstanding the foregoing, if, after the Inspection Period, Seller proposes to enter into a new Tenant Lease, and Purchaser refuses to grant its consent to such new Tenant Lease, Seller may not terminate this Contract pursuant to subpart (a)(iii) of this Article XII if, simultaneously with Purchaser's notice to Seller that it will not grant its consent to such Tenant Lease, Purchaser notifies the Title Company and Seller in writing that the Title Company is to immediately and unconditionally deliver to Seller the Earnest Money Deposit and that suxx Xxxxest Money Deposit shall therexxxxx xe non-refundable to Purchaser unless Purchaser is otherwise entitled to a refund of such Earnest Money Deposit pursuant to Xxxxxxn 10.2 of this Contract.
Sample 1
Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof (provided, however, that without the prior consent of Purchaser, (i) Seller shall not enter into any service contract that cannot be terminated with thirty (30) days notice, and (ii) after the Inspection Period, Seller shall not enter into any Tenant Lease at less than the then prevailing market rates); and (b) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge.
Sample 1
Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall have the right to operate and maintain the Property in accordance with Seller's normal practices; provided, however, that Seller shall not modify, extend, renew, cancel or permit the expiration of any Tenant Lease (except as expressly provided in this Contract) or enter into any new Tenant Lease of all or any portion of the Property, without Purchaser's prior written consent.
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Operation of the Property Prior to the Closing. During the term of this Contract, Seller agrees as follows:
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Operation of the Property Prior to the Closing 
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Related to Operation of the Property Prior to the Closing

  • 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.

  • ACTION PRIOR TO THE CLOSING DATE The respective parties hereto covenant and agree to take the following actions between the date hereof and the Closing Date:

  • Conduct Prior to the Closing Date Section 7.1 Conduct of Business by the Company and the Company Subsidiaries. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing, the Company shall, and shall cause each of the Company Subsidiaries to, use its commercially reasonable efforts to preserve intact its respective business organizations and maintain satisfactory relationships with licensors, suppliers, distributors, clients and others having business relationships with them, and conduct its respective operations (including its respective working capital and cash management practices) in the ordinary course of business in all material respects, except: (w) to the extent that SPAC shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed); (x) as required by Applicable Law (including COVID-19 Measures or as may be requested or compelled by any Governmental Entity) or as reasonably necessary or prudent in light of COVID-19 or COVID-19 Measures; (y) to the extent of any Emergency Action; or (z) as required, contemplated or expressly permitted by this Agreement, any Market Access Agreement or the Company Disclosure Letter. Without limiting the generality of the foregoing, except as required, contemplated or expressly permitted by the terms of this Agreement, any Market Access Agreement or the Company Disclosure Letter, or as required by Applicable Law (including COVID-19 Measures or as may be requested or compelled by any Governmental Entity), or as reasonably necessary or prudent in light of COVID-19 or COVID-19 Measures or to the extent of any Emergency Action, without the prior written consent of SPAC (such consent not to be unreasonably withheld, conditioned or delayed), during the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing, the Company shall not, and shall cause the other Group Companies not to, do any of the following:

  • 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:

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

  • Conduct Prior to the Closing 35 5.1 Conduct of Business of the Company.............................................................35

  • Events Prior to Closing (a) Upon execution hereof or as soon thereafter as practical, management of AAI and QMT shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced hereinbelow.

  • Prior to the Closing Buyer shall, and shall cause its Affiliates and its and their employees, agents, accountants, legal counsel and other representatives and advisers to, hold in strict confidence all, and not divulge or disclose any, information of any kind concerning the Company and its business; provided, however, that the foregoing obligation of confidence shall not apply to (i) information that is or becomes generally available to the public other than as a result of a disclosure by Buyer or its Affiliates or any of its or their employees, agents, accountants, legal counsel or other representatives or advisers, (ii) information that is or becomes available to Buyer or its Affiliates or any of its or their employees, agents, accountants, legal counsel or other representatives or advisers on a nonconfidential basis prior to its disclosure by Buyer or its Affiliates or any of its or their employees, agents, accountants, legal counsel or other representatives or advisers and (iii) information that is required to be disclosed by Buyer or its Affiliates or any of its or their employees, agents, accountants, legal counsel or other representatives or advisers as a result of any applicable law, rule or regulation of any Governmental Authority; and provided further that Buyer promptly shall notify the Company of any disclosure pursuant to clause (iii) of this Section 9.2(a); and, provided, further, that the foregoing obligation of confidence shall not apply to the furnishing of information by Buyer in bona fide discussions or negotiations with prospective lenders.

  • 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.

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