Maintain the Property. Lender may enter upon the Property to maintain the Property and keep the same in repair; to pay the costs thereof and of all services of all employees, including their equipment, and of all continuing costs and expenses of maintaining the Property in proper repair and condition, and also to pay all taxes, assessments and water utilities, and the premiums on fire and other insurance effected by Lender on the Property.
Maintain the Property. During the term of the Agreement, Xxxx shall be responsible for facilitating the maintenance of the Property, including the scheduling of regular maintenance and minor repairs, and for being the point of contact for Tenant(s) in all matters relating to the Property. Maintenance will be performed by 3rd parties at Homeowner’s expense and Xxxx shall pay for these expenses from Reserve. Xxxx will staff a phone and email support line for Tenant(s).
Maintain the Property. Seller shall maintain the Property in good condition and shall maintain adequate casualty liability insurance covering the Property until the Closing.
Maintain the Property. Maintain Optionor’s insurance currently in effect with respect to the Property and use commercially reasonable efforts to maintain the Property in the same condition as on the Effective Date, ordinary wear and tear excepted, and not construct any additional structural improvements on the Property. Notwithstanding the foregoing, Optionor shall have the right to make modifications to the Property to the extent necessary to (a) operate Optionor’s business on the Property (provided that, where such modification would materially affect the value of the Property for its existing use or future use or the feasibility of Optionee’s development plans, Optionor restores the affected portion of the Property prior to Close of Escrow to substantially the same condition it was in immediately prior to such modification, at Optionor’s sole cost), or (b) obtain the Closures; provided that if any such modification would materially affect the value of the Property or the feasibility of Optionee’s development plans, then Optionee and Optionor shall meet for a period of twenty (20) days Optionor after Optionee notifies Optionor in writing that such modification would materially affect the value of the Property or the feasibility of Optionee’s development plans and the parties shall meet and confer in good faith to try and find an alternative approach reasonably acceptable to Optionor and Optionee. If, following such efforts, Optionor and Optionee are unable to reach agreement on a mutually acceptable alternative approach, then Optionee shall have the right to terminate this Agreement upon written notice given to Optionor no later than thirty (30) days after the end of such twenty (20) day period, whereupon Optionor shall authorize the release to Optionee from escrow of the Option Consideration (less the Independent Consideration) and interest thereon still held by Escrow Holder, provided that if the Option Consideration has been released to Optionor at such time, Optionor shall promptly return the same (less the Independent Consideration) to Optionee, Optionor shall be obligated to pay any escrow cancellation charges, and neither party shall have any further rights, duties or obligations under this Agreement or with respect to the Property, except as otherwise specifically set forth in this Agreement.
Maintain the Property. You must keep the Property in good condition, in seaworthy condition (if applicable) and working order (fair wear and tear excepted), carry out all maintenance and servicing in accordance with any manufacturer’s specifications and otherwise not do anything that could cause the value of the Property to deteriorate.
Maintain the Property. Seller shall maintain the Property in the condition in which it existed on the Effective Date, normal wear and tear and damage by casualty excepted. Seller shall not permit, create or cause to be created by, through or under Seller an encumbrance or additional exception to Seller's title to all or any part of the Land and the Improvements which encumbrance or additional title exceptions would appear in Purchaser’s title policy and extend beyond the Closing Date. Seller will substantially perform its material obligations under all Leases and Contracts that may affect the Property. To the extent received by Seller, from the Effective Date until Closing, Seller shall promptly deliver to Purchaser copies of written notices under Leases and/or Contracts, written notices of lawsuits and written notices of violations affecting the Property.
Maintain the Property. Use commercially reasonable efforts to maintain the Property in the same condition as on the Effective Date, ordinary wear and tear excepted, and not construct any additional structural improvements on the Property. Notwithstanding the foregoing, Optionor shall have the right to make modifications to the Property to the extent commercially reasonable and necessary to (a) the operation of Optionor’s business on the Property, or (b) in conjunction with obtaining the Closures.
