Example ContractsClausesOperation of Property
Operation of Property
Operation of Property contract clause examples

Operation of Property. From the Effective Date through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business substantially in accordance with Seller's past practices with respect to the Property, normal wear and tear excepted.

Operation of Property. From and after the Effective Date and through and including the relevant Closing, Seller shall operate and manage the Real Property in the same manner in which it is being operated as of the Effective Date, maintaining present services, and shall maintain the Real Property in its same repair and working order; shall keep on hand sufficient materials, supplies, equipment and other personal property for the efficient operation and management of the Real Property in the manner in which it is being operated as of the Effective Date; and shall perform, when due, in all material respects, all of Seller’s obligations under the Contracts, the Leases, governmental approvals and other agreements relating to the Real Property and otherwise in accordance in all material respects with applicable Laws, ordinances, rules and regulations affecting the Real Property.

Operation of Property. Borrowers shall cause the use and operation of each Property to be conducted at all times in a manner consistent with general industrial, commercial and light manufacturing uses (in each case consistent with the permitted use of each Property as of the Closing Date), with the appropriate ancillary uses and amenities and

Operation of Property. From the Effective Date through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business substantially in accordance with practices employed with respect to the Property as of the Effective Date, normal wear and tear excepted.

Operation of Property. From the Effective Date through and including the Closing Date, each Seller agrees to operate and maintain the portion of the Property it owns in the normal course of business substantially in accordance with such Seller’s current practices with respect to the Property, normal wear and tear excepted.

Operation of Property. From the Effective Date through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business substantially in accordance with Seller's current practices with respect to the Property, normal wear and tear excepted.

Operation of Property. From the Effective Date through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business substantially in accordance with Seller's current practices with respect to the Property, normal wear and tear excepted.

Operation of Property. Following completion of the Improvements, and through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business and in a commercially reasonable manner.

Operation of Property. Following completion of the Improvements, and through and including the Closing Date, Seller agrees to operate and maintain the Property in the normal course of business and in a commercially reasonable manner.

Operation of the Property. Seller shall cause the Property to be maintained in substantially its current condition. Except as necessary to comply with the Lease or the preceding sentence, Seller shall not make any material alterations to the Property or any portion thereof without Purchaser’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

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