Common use of General Operation of Property Clause in Contracts

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 9 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Century Properties Fund Xiv), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)

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General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 8 contracts

Samples: Purchase and Sale Contract (National Property Investors 6), Purchase and Sale Contract (National Property Investors 6), Purchase and Sale Contract (Century Properties Growth Fund Xxii)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 8 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Consolidated Capital Institutional Properties), Purchase and Sale Contract (Consolidated Capital Institutional Properties)

General Operation of Property. Except as specifically set forth in this Article VIIARTICLE 8, each Seller shall operate the its Property after the Effective Date in the ordinary course of business, and except as necessary in such Seller's ’s sole discretion to address (a) any life or safety issue at the its Property or (b) any other matter which in such Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the such Property, such Seller will not make any material alterations to the its Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser Purchaser, which consent shall not be unreasonably withheld, denied or delayed.

Appears in 6 contracts

Samples: Agreement for Purchase and Sale and Escrow Instructions (Davidson Income Real Estate Lp), Agreement for Purchase and Sale and Escrow Instructions (Century Properties Growth Fund Xxii), Agreement for Purchase and Sale and Escrow Instructions (Consolidated Capital Properties Iv)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed. Seller agrees to maintain its existing insurance policies (or replacement policies on comparable terms) covering the Property in full force and effect through the Closing Date.

Appears in 3 contracts

Samples: Purchase and Sale Contract (Century Properties Growth Fund Xxii), Purchase and Sale Contract (Century Properties Fund Xix), Purchase and Sale Contract (HCW Pension Real Estate Fund LTD Partnership)

General Operation of Property. Except as specifically set forth in this Article VII7, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 3 contracts

Samples: Purchase and Sale Contract (VMS National Properties Joint Venture), Purchase and Sale Contract (VMS National Properties Joint Venture), Purchase and Sale Contract (Oxford Residential Properties I LTD Partnership)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or Property, (b) the Repair Work and (c) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Properties Iv), Purchase and Sale Contract (Consolidated Capital Properties Iv)

General Operation of Property. Except as specifically set forth in this Article VII, each Seller shall operate the its Property after the Effective Date in the ordinary course of business, and except as necessary in such Seller's ’s sole discretion to address (a) any life or safety issue at the its Property or (b) any other matter which in such Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the such Property, such Seller will not make any material alterations to the its Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied conditioned or delayed.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Shelter Properties v Limited Partnership), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)

General Operation of Property. Except as specifically set forth in this Article VII7, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 3), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate and maintain the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties), Purchase and Sale Contract (Consolidated Capital Growth Fund)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xix)

General Operation of Property. Except as specifically set forth in this Article VII7, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser Purchaser, which consent shall not be unreasonably withheld, denied or delayed.. 7.3

Appears in 1 contract

Samples: Purchase and Sale Contract (Wellsford Real Properties Inc)

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General Operation of Property. Except as specifically set forth in this Article VII7, Seller shall operate the Property after the Effective Date in the ordinary course of businessbusiness in accordance with its past practices, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate operate, maintain and repair the Property after the Effective Date in the ordinary course of businessbusiness and consistent with past business practices, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed. Notwithstanding the foregoing, Seller shall have no obligation to make capital repairs and/or capital improvements to the Property.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xix)

General Operation of Property. Except as specifically set forth in this Article VII7, Seller shall operate and maintain the Property after the Effective Date in the ordinary course of business, and except as necessary in the Seller's sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (VMS National Properties Joint Venture)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which in Seller's ’s reasonable discretion materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed. All such alterations shall be at Seller’s sole cost and expense.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xiv)

General Operation of Property. Except as specifically set forth in this Article VII, each Seller shall operate the its Property after the Effective Date in the ordinary course of business, and except as necessary in such Seller's sole discretion to address (a) any life or safety issue at the its Property or (b) any other matter which in such Seller's reasonable discretion materially adversely affects the use, operation or value of the such Property, such Seller will not make any material alterations to the its Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (Davidson Diversified Real Estate Ii Limited Partnership)

General Operation of Property. Except as specifically set forth in this Article VII, Seller shall operate the Property after the Effective Date in the ordinary course of business, and except as necessary in Seller's ’s sole discretion to address (a) any life or safety issue at the Property or (b) any other matter which which, in Seller's ’s reasonable discretion discretion, materially adversely affects the use, operation or value of the Property, Seller will not make any material alterations to the Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser Purchaser, which consent shall not be unreasonably withheld, denied conditioned or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)

General Operation of Property. Except as specifically set forth in this Article VII7, each Seller shall operate the its Property after the Effective Date in the ordinary course of business, and except as necessary in such Seller's sole discretion to address (a) any life or safety issue at the its Property or (b) any other matter which in such Seller's reasonable discretion materially adversely affects the use, operation or value of the such Property, such Seller will not make any material alterations to the its Property or remove any material Fixtures and Tangible Personal Property without the prior written consent of Purchaser which consent shall not be unreasonably withheld, denied or delayed.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Growth Fund Xxii)

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