Common use of Maintenance of Assets and Properties Clause in Contracts

Maintenance of Assets and Properties. Sellers shall use reasonable efforts to cause the Company to keep the premises occupied by it and all of the equipment and other tangible assets and personal property of the Company and its Subsidiaries in substantially the same condition as on the date of this Agreement. Sellers shall assure that the Company does not remove any personal property from the Business unless same are replaced with similar items of at least equal quality prior to the Closing Date. Sellers shall assure that the Company does not sell or permit to be sold or otherwise transferred or disposed of any material item or group of items constituting personal property, except items sold in the Ordinary Course of Business. Sellers shall assure that the Company does not convey any ownership or leasehold interest in the Business.