OPERATION OF THE HOTEL ASSETS; SELLERS’ COVENANTS. From and after the Effective Date until the Closing or earlier termination of this Agreement:
OPERATION OF THE HOTEL ASSETS; SELLERS’ COVENANTS Sample Clauses
Related to OPERATION OF THE HOTEL ASSETS; SELLERS’ COVENANTS
Seller’s Covenants Seller hereby covenants and agrees with HARC as follows:
Buyer’s Covenants Buyer hereby covenants as follows:
Purchaser’s Covenants The Purchaser will have performed and complied with all covenants, agreements and conditions as required by this Agreement.
Covenants of Seller Prior to Closing Between the date of this Agreement and the Closing:
Operations Pending Closing From the date hereof through the Closing Date, Seller agrees as follows:
Conduct of the Business Pending the Closing (a) Except as otherwise expressly contemplated by this Agreement or with the prior written consent of the Purchaser, the Sellers shall, and shall cause the Company to:
PRE-CLOSING COVENANTS OF SELLER Seller hereby covenants and agrees that, between the date hereof and the Closing, it will comply with the provisions of this Article IV, except to the extent Purchaser may otherwise consent in writing.
Operations Prior to Closing Between the date of the execution of this Agreement and Closing:
Obligations of Seller at Closing At the Closing, upon the terms and subject to the conditions of this Agreement, and subject to the simultaneous performance by Purchaser of its obligations pursuant to Section 8.3, Seller shall deliver or cause to be delivered to Purchaser, among other things, the following:
Operations Prior to the Closing Date (a) Seller shall use its commercially reasonable efforts to, and to cause the Companies to, operate and carry on the Business in the ordinary course and substantially as operated immediately prior to the date of this Agreement. Consistent with the foregoing, Seller shall use its commercially reasonable efforts, and shall cause the Companies to use their commercially reasonable efforts, consistent with good business practice, to preserve the goodwill of the suppliers, contractors, licensors, employees, customers, distributors and others having business relations with the Business.
