Leasing and Other Activities Prior to Closing Sample Clauses

Leasing and Other Activities Prior to Closing. (a) During the term of this Agreement, Seller shall not permit the Company to enter into any Lease Transaction without Purchaser’s prior written consent, which consent may be given or withheld in Purchaser’s sole discretion.
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Leasing and Other Activities Prior to Closing. (a) During the term of this Agreement, Seller shall continue to enter into Lease Transactions which qualify under the requirements specified in Section 6.5(g) below. Seller shall not enter into any Lease Transaction which fails to meet the requirements of Section 6.5(g) (a “Non-Qualified Lease Transaction”) without Purchaser’s prior written consent, which consent may be given or withheld in Purchaser’s sole discretion. If Seller gives Purchaser a Lease Proposal Notice for a Non-Qualified Lease Transaction and Purchaser does not notify Seller in writing of its disapproval within five (5) Business Days, Purchaser shall be deemed to have approved such Non-Qualified Lease Transaction.
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Leasing and Other Activities Prior to Closing. (a) During the term of this Agreement, Seller shall not enter into any Lease Transaction without Purchaser’s prior written consent, which consent may be given or withheld in Purchaser’s sole discretion. (b) During the Restricted Period, Seller shall not enter into any new Contracts or material modifications, renewals or terminations of any existing Contracts that would impose any obligations on Purchaser or on the Real Property after Closing, without the written consent of Purchaser, which consent may be granted or denied in Purchaser’s sole discretion. In its request for Purchaser’s approval under this Section 6.5(b), Seller shall include the following notice: “NOTE: FAILURE TO RESPOND WITHIN THE TIME PERIOD SET FORTH IN SECTION 6.5(b) WILL RESULT IN A DEEMED APPROVAL”. If Seller so requests Purchaser’s approval and Purchaser does not notify Seller in writing of its consent or disapproval within ten (10) Business Days after notice thereof from Seller, Purchaser shall be deemed to have consented to such requested action. Without limiting the foregoing approval rights, Seller shall provide Purchaser with prompt notice of any new Contracts or material modifications, renewals or terminations of any such contracts, together with complete copies of the documents relating thereto. (c} During the Restricted Period, Seller shall not, without Purchaser’s prior written approval, (i) make any material alterations or additions to the Real Property, except as may be required by law or any of the Leases or as may reasonably be required for the prudent repair and maintenance of the Real Property, (ii) change or attempt to change (or consent to any change in) the zoning or other Legal Requirements applicable to the Real Property, or (iii) cancel, amend or modify in any material respect any Permit. (d) At all times prior to Closing, Seller shall: (i) maintain the Real Property in good condition and repair; (ii) use commercially reasonable efforts to maintain its relations with the Tenants and otherwise conduct business with respect to the Real Property in a commercially reasonable manner; (iii) perform its obligations under the Leases, the Contracts and the Permitted Exceptions (and, as applicable, enforce the obligations of any other parties to such documents); (iv) insure the improvements as follows: • Building $5,000,000 • Contents $1,000,000 • EDP (Computer and Electronic Equipment) $3,000,000 • Interruption insurance and Extra Expense insurance $750,000 • Each site is...
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Leasing and Other Activities Prior to Closing a) Seller shall not enter into any lease of any portion of the Property to be conveyed to the Purchaser as shown on Exhibit A, and shall not grant any right to any Person to possess or occupy any portion of that Property unless and until this Agreement has terminated. The Purchaser acknowledges the existing rental agreement with the North Fairhaven Improvement Association, but the location of such tenancy, if it continues after Closing, will be on a site adjacent to the Property and is not intended to be part of the Property to be conveyed to the Purchaser.
Sample 1
Leasing and Other Activities Prior to Closing. (a) Commencing on the date of this Agreement and continuing until the date that is two (2) Business Days prior to the expiration of the Study Period, Seller may not enter into new leases of space in the Real Property or any amendments, expansions or renewals of the Leases, or accept the termination of any Lease except upon the expiration of the scheduled term thereunder, without, in each case, obtaining the prior written consent of Purchaser, which shall not be unreasonably withheld. Commencing two (2) Business Days prior to the end of the Study Period, Seller shall not enter into any new leases or any amendments, expansions or renewals or terminations of the Leases without Purchaser’s approval which approval Purchaser may withhold in its sole discretion. Seller shall deliver to Purchaser either a copy of any lease or modification that it intends to enter into or a summary of the proposed terms thereof indicating the name of the tenant, location and size of the premises, the term of the lease (and any extension options), rent, landlord’s construction obligation or construction contribution, free rent period, base amounts for tax and operating escalations and any expansion options. Purchaser’s approval under this Section 3.4 shall be deemed granted if not denied within five (5) Business Days after Purchaser’s receipt of such form of lease (or modification) or summary thereof with specific reasons therefor.
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Leasing and Other Activities Prior to Closing. (a) Sellers shall provide Purchaser with prompt notice of any Lease Transaction that occurs between the Effective Date and the commencement of the Restricted Period. Except for any transaction with any affiliate of any Seller and any Material Lease Transaction, Purchaser shall have no right to approve any such activities that are entered into in the normal course of Sellers’ business before the commencement of the Restricted Period. No Seller shall enter into any Material Lease Transaction without Purchaser’s prior written consent, which consent shall not be unreasonably withheld or delayed. In addition, during the Restricted Period for each Property, the applicable Seller may not enter into any Lease Transaction without Purchaser’s prior written consent, which consent may not be unreasonably withheld or delayed. When seeking any required consent from Purchaser, Sellers shall provide Purchaser with a Lease Proposal Notice. Purchaser agrees to undertake commercially reasonable efforts to review the Lease Proposal Notice and to notify Seller in writing of its approval or disapproval within five
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Leasing and Other Activities Prior to Closing. (a) Prior to the Closing Date, Sellers shall not permit Owner to enter into any Lease Transaction without Purchaser’s prior written consent, provided such consent is not unreasonably withheld or delayed. When seeking such consent from Purchaser, Sellers’ Representative shall provide Purchaser with a Lease Proposal Notice and, if Purchaser does not notify Sellers’ Representative in writing of its approval or disapproval within five (5) Business Days, Sellers’ Representative shall provide Purchaser with a second copy of the Lease Proposal Notice. If Purchaser does not notify Sellers’ Representative in writing of its approval or disapproval within five (5) Business Days of Purchaser’s receipt of the second copy of the Lease Proposal Notice, Purchaser shall be deemed to have disapproved the transaction described in such notice. If Purchaser disapproves or is deemed to have disapproved such request, then Purchaser promptly upon written request from Sellers’ Representative shall specify in writing the reasons for such disapproval.
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Leasing and Other Activities Prior to Closing. (a) At all times prior to Closing, Seller shall: (i) (a) maintain the Property as it existed on the Effective Date, except for reasonable wear and tear and casualty damage; (b) use the Property in the same manner as it was used on the Effective Date; and (c) not encumber, transfer, or dispose of any of the Property, except to sell inventory, replace equipment, and use supplies in the normal course of operating the Property, and (ii) promptly give Purchaser a reasonably detailed written notice of: (1) any fire, flood or other material adverse change with respect to the Property of which Seller obtains actual knowledge; (2) any actual or proposed condemnation (or proceeding in lieu thereof) of which Seller obtains actual knowledge; (3) any written notice received by Seller claiming that the Property or the use and operation thereof fails to comply with any Legal Requirements; and (4) any written notice received by Seller concerning any pending or threatened litigation or administrative proceeding affecting the Property. If Seller becomes aware during the term of this Agreement of any matters that render any of its representations or warranties untrue, Seller shall promptly disclose such matters to Purchaser in writing.
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Leasing and Other Activities Prior to Closing 
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Related to Leasing and Other Activities Prior to Closing

  • Permits and Other Operating Rights The Company and each Subsidiary has all such valid and sufficient certificates of convenience and necessity, franchises, licenses, permits, operating rights and other authorizations from federal, state, foreign, regional, municipal and other local regulatory bodies or administrative agencies or other governmental bodies having jurisdiction over the Company or any Subsidiary or any of its properties, as are necessary for the ownership, operation and maintenance of its businesses and properties, as presently conducted and as proposed to be conducted while the Notes are outstanding, subject to exceptions and deficiencies which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, and such certificates of convenience and necessity, franchises, licenses, permits, operating rights and other authorizations from federal, state, foreign, regional, municipal and other local regulatory bodies or administrative agencies or other governmental bodies having jurisdiction over the Company, any Subsidiary or any of its properties are free from restrictions or conditions which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and neither the Company nor any Subsidiary is in violation of any thereof in any material respect.

  • Compliance with Laws and Other Instruments The execution, delivery and performance by Parent and/or Acquisition Corp. of the Merger Documents and the other agreements to be made by Parent or Acquisition Corp. pursuant to or in connection with the Merger Documents and the consummation by Parent and/or Acquisition Corp. of the transactions contemplated by the Merger Documents will not cause Parent and/or Acquisition Corp. to violate or contravene (a) any provision of law, (b) any rule or regulation of any agency or government, (c) any order, judgment or decree of any court or (d) any provision of their respective charters or By-laws as amended and in effect on and as of the Closing Date and will not violate or be in conflict with, result in a breach of or constitute (with or without notice or lapse of time, or both) a default under any material indenture, loan or credit agreement, deed of trust, mortgage, security agreement or other agreement or contract to which Parent or Acquisition Corp. is a party or by which Parent and/or Acquisition Corp. or any of their respective properties is bound.

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