Contracts Affecting Operations. Until closing, Seller: (1) will operate the Property in the same manner as on the Effective Date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 2B or sold under this contract save and except for normal wear and tear of personal property in the usual course of business. Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property or Tenant Lease or License without Buyer’s written approval.
Appears in 2 contracts
Samples: Ricks Cabaret International Inc, Ricks Cabaret International Inc
Contracts Affecting Operations. Until closing, Seller: (1) will operate the Property in the same manner as on the Effective Date effective date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 2B or sold under this contract save and except for normal wear and tear of personal property in contract. After the usual course of business. feasibility peri od ends, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property or Tenant Lease or License without Buyer’s 's written approval.
Appears in 2 contracts
Samples: Commercial Contract, Commercial Contract
Contracts Affecting Operations. Until closing, Seller: (1) will operate the Property in the same manner as on the Effective Date effective date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 2B or sold under this contract save and except for normal wear and tear of personal property in contract. After the usual course of business. feasibility period ends, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property or Tenant Lease or License without Buyer’s 's written approval.
Appears in 1 contract
Samples: Commercial Contract