Maintenance of Resort Sample Clauses

Maintenance of Resort. From the Opening of Escrow through the Close of Escrow: (i) Cooperative shall not commit waste to the Project, (ii) the Project shall be operated, managed and maintained in a reasonable, professional and prudent manner, and kept in reasonably good condition at all times, and (iii) Cooperative shall comply with all of the obligations of landlord under the Proprietary Lease and with all other agreements and contractual arrangements affecting the Project by which Xxxxxxxxxxx is bound.
Sample 1
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Maintenance of Resort. From and after the Effective Date, Seller shall not perform or cause to be performed any construction or cause the removal of any Improvements, or make any other change or improvement on or about the Property without the prior written consent of Buyer, except as otherwise provided in this Section 8.1. From and after the Effective Date, Seller shall not make any capital expenditures for capital projects of the Resort without the prior written consent of Buyer, except as provided in EXHIBIT 8.1 (the "Capital Project Schedule") or in the case of a bona fide emergency in Seller's reasonable business judgment. Construction of the Player Golf Course and New Clubhouse shall continue in accordance with the contracts relating thereto identified in EXHIBIT 1.50, except as otherwise provided in Section 4.3 hereof; provided, however, that Seller agrees to provide Buyer the opportunity to review, comment and provide input with respect to (i) all unexecuted contracts in excess of $25,000 related to the construction and/or operation of the Player Golf Course and (ii) all unexecuted contracts related to the construction and/or operation of the New Clubhouse; provided further that no construction other than site work shall be undertaken with respect to the New Clubhouse without Buyer's prior written consent. Buyer shall have five (5) Business Days from its receipt of notice of any such contracts to review and make comments on the same. If Buyer does not provide comments, the contract submitted shall be deemed approved. Between the Effective Date and the Closing Date, Seller shall (a) maintain and operate the Resort in substantially the same condition and manner as the Resort was maintained by the Seller on the Effective Closing Date, including, without limitation using reasonable efforts to keep available the services of its present employees at the Resort and to preserve its relations with guests, suppliers and other parties doing business with the Seller with respect to the Resort; accepting booking contracts for the use of the Resort facilities and Club Memberships on terms not less favorable than the terms typically arranged by the Seller as of the Effective Date and using reasonable efforts to retain such bookings and Club Memberships; and maintaining the current level of advertising and other promotional activities for the Resort facilities; and (b) maintain all parts or portions of the Resort in good working order and repair. All Personal Property shall be delivered...
Sample 1

Related to Maintenance of Resort

  • Maintenance of Records I agree to keep and maintain adequate and current written records of all Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times.

  • Maintenance of REIT Status In the case of the Parent Guarantor, at all times, conduct its affairs and the affairs of its Subsidiaries in a manner so as to continue to qualify as a REIT for U.S. federal income tax purposes.

  • Maintenance of Business The Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c)

  • MAINTENANCE OF CONDITIONS Conditions of employment in effect at the execution of this Agreement shall, except as improved herein, be maintained during the term of this Agreement.

  • Establishment and Maintenance of Records GRANTEE shall maintain records, including but not limited to, books, financial records, supporting documents, statistical records, personnel, property, and all other pertinent records sufficient to reflect properly: a. All direct and indirect costs of whatever nature claimed to have been incurred and anticipated to be incurred in the performance of this AGREEMENT; and b. All other matters covered by this AGREEMENT. Such records shall be maintained in accordance with requirements now or hereafter prescribed by the CITY.

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

  • Maintenance of Ratings At all times, Borrower shall use commercially reasonable efforts to maintain (x) a corporate family rating issued by Xxxxx’x and a corporate credit rating issued by S&P and (y) public ratings issued by Xxxxx’x and S&P with respect to its senior secured debt.

  • Maintenance of Services A. Reseller will adopt and adhere to the standards contained in the applicable BellSouth Work Center Interface Agreement regarding maintenance and installation of service. B. Services resold under the Company’s Tariffs and facilities and equipment provided by the Company shall be maintained by the Company. C. Reseller or its end users may not rearrange, move, disconnect, remove or attempt to repair any facilities owned by the Company, other than by connection or disconnection to any interface means used, except with the written consent of the Company. D. Reseller accepts responsibility to notify the Company of situations that arise that may result in a service problem. E. Reseller will be the Company's single point of contact for all repair calls on behalf of Reseller’s end users. The parties agree to provide one another with toll-free contact numbers for such purposes. F. Reseller will contact the appropriate repair centers in accordance with procedures established by the Company. G. For all repair requests, Reseller accepts responsibility for adhering to the Company's prescreening guidelines prior to referring the trouble to the Company. H. The Company will xxxx Reseller for handling troubles that are found not to be in the Company's network pursuant to its standard time and material charges. The standard time and material charges will be no more than what BellSouth charges to its retail customers for the same services. I. The Company reserves the right to contact Reseller’s customers, if deemed necessary, for maintenance purposes.

  • Maintenance of Liquidity Seller shall ensure that it has cash and Cash Equivalents (excluding Restricted Cash or cash pledged to Persons other than Buyer), in an amount not less than $40,000,000.

  • Maintenance of the Property Neither Broker nor Brokerage Firm is responsible for maintenance of the 324 Property nor are they liable for damage of any kind occurring to the Property, unless such damage is caused by their negligence or 325 intentional misconduct.

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