Common use of Operation of the Property Clause in Contracts

Operation of the Property. After the Effective Date until the Closing Date, Seller shall (a) operate the Property in the same manner as the Property has been operated, and (b) maintain the Property in the same condition and in the same manner as existed on the Effective Date, except for ordinary wear and tear and any casualty loss.

Appears in 4 contracts

Samples: Commercial Contract of Sale (Haggar Corp), Commercial Contract of Sale (Bollinger Industries Inc), Commercial Contract of Sale (Broadview Media Inc)

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Operation of the Property. After the Effective Date until Seller shall prior to the Closing Date, Seller shall (a) continue to operate the Property in substantially the same manner as the Property has been operated, was operated by Seller prior to and (b) maintain the Property in the same condition and in the same manner as existed on the Effective Date, except for ordinary and Seller shall maintain the Property in substantially the same condition as the Property is in on the Effective Date, normal wear and tear and any damage by fire or casualty lossexcepted.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Campus Communities Inc)

Operation of the Property. After the Effective Date until the Closing Date, Seller shall (a1) operate the Property in the same manner as the Property has been operated, ; and (b2) maintain the Property in the same condition and in the same manner as existed on the Effective Date, except for ordinary wear and tear and any casualty lossloss excepted.

Appears in 1 contract

Samples: Agreement to Sell and Purchase (Sabre Holdings Corp)

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Operation of the Property. After the Effective Date until the Closing Date, Seller shall (a) operate in all material respects the Property in the same manner as the Property has been operated, and (b) maintain in all material respects the Property in the same condition and in the same manner as existed on the Effective Date, except for ordinary wear and tear and any casualty loss.

Appears in 1 contract

Samples: Commercial Contract of Sale (Cerprobe Corp)

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