Common use of Expenditures Clause in Contracts

Expenditures. Seller will incur only expenditures necessary for the day-to-day operation and maintenance of the Property, and will not incur capital expenditures or liabilities not in the ordinary course of business. Seller shall retain all Other Assets in Seller's possession on or after the date hereof except for payment of such permitted liabilities and expenditures.

Appears in 14 contracts

Samples: Purchase and Sale Agreement (American Family Holdings Inc), Purchase and Sale Agreement (American Family Holdings Inc), Purchase and Sale Agreement (American Family Holdings Inc)

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Expenditures. Seller will incur only expenditures necessary for the day-to-day operation and maintenance of the Propertyproperty, and will not incur capital expenditures or liabilities not in the ordinary course of business. Seller shall retain all Other Assets in Seller's possession on or after the date hereof except for payment of such permitted liabilities and expenditures.liabilities

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Family Holdings Inc)

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Expenditures. Seller will incur only expenditures necessary for the (i) day-to-day operation and maintenance of the Property, and . Seller will not incur capital expenditures or liabilities not in the ordinary course of business. Seller shall retain all Other Assets in Seller's possession on or after the date hereof except for payment of such permitted liabilities and expenditures.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Family Holdings Inc)

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