Maintenance of Property Until Closing. Seller, at its expense, will maintain the Property in the ordinary course of business until Closing excepting only ordinary wear and tear and damage or loss thereto covered by insurance. In the event of any material breakdown, malfunction or other similar event (other than of a type covered, and to the extent covered, by insurance) occurring prior to the Closing, whether or not the same is covered by any service warranty or contract, the parties hereto will cooperate so as mutually to determine the cost of repairing or restoring the same, and Seller will cause the same to be repaired and restored at no cost to Purchaser either prior to Closing or within a reasonable time after Closing. Until Closing, Seller shall continue the operation of the Property in the normal and usual manner, will not remove any fixtures, furnishings, equipment or personalty subject to this Agreement, except for repair or replacement.
Maintenance of Property Until Closing. (i) Until Closing, the Property will be managed, operated and maintained, in the ordinary course of business and materially the same manner in which the Property is currently being managed, operated and maintained, and Seller will not remove any fixtures, furnishings, equipment or personalty subject to this Agreement, except for repair or replacement.
Maintenance of Property Until Closing. Seller represents, warrants and covenants to Buyer that, until Closing, Seller shall maintain the Property in its present condition and will not enter into, execute or take any action which will impair the validity of any contract, covenant, lease, deed, restriction, right of way, servitude, mortgage, deed of trust or other agreement encumbering or otherwise affecting the Property or the title thereto or permit any of the above to occur, unless first consented to in writing by Buyer. After the Effective Date, Seller shall not, without Xxxxx’s prior written consent, enter into any agreements encumbering or otherwise affecting the Property.
Maintenance of Property Until Closing i) Seller, at its expense, will maintain the Property in its current condition until Closing excepting only ordinary wear and tear and damage or loss thereto covered by insurance.
Maintenance of Property Until Closing. (i) Seller, at its expense, will maintain the Property in a first class condition until Closing excepting only ordinary wear and tear and damage or loss thereto covered by insurance. In the event of any breakdown, malfunction or other similar event (other than of a type covered, and to the extent covered, by insurance) occurring prior to the Closing, whether or not the same is covered by any service warranty or contract, the parties hereto will determine the cost of repairing or restoring the same, and Seller will cause the same to be repaired and restored at no cost to Purchaser within a reasonable time after Closing. The amount of the estimated cost thus determined and agreed to by the parties shall be withheld by the Title Insurer from the cash proceeds of sale and shall be paid over to Seller, together with any accrued interest thereon, upon completion by Seller of such items.
