Common use of Operations Prior to Closing Clause in Contracts

Operations Prior to Closing. From the date of execution hereof to the Closing, Seller will operate the Assets in the ordinary course of business and consistent with past practices. Seller agrees to maintain the insurance now in effect with respect to the Assets through the date of Closing. From the date of execution of this Agreement to the Closing Date, Seller shall pay or cause to be paid its proportionate shares of all Property Expenses incurred in connection with the ownership or operation of the Assets.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Exco Resources Inc)

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Operations Prior to Closing. From the date of execution hereof to the Closing, Seller will operate the Assets in the ordinary course of business a good and workmanlike manner and consistent with past practices. Seller agrees to maintain the insurance now in effect with respect to the Assets through the date of Closing. From the date of execution of this Agreement to the Closing Date, Seller shall pay or cause to be paid its proportionate shares of all Property Expenses incurred in connection with the ownership or operation of the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PetroHunter Energy Corp)

Operations Prior to Closing. From the date of execution hereof to the Closing, Seller will operate use reasonable efforts to maintain the Assets in the ordinary course of business and a manner consistent with past practices. Seller agrees to maintain the insurance that Seller now has in effect with respect to the Assets through the date of Closing. From the date of execution of this Agreement to the Closing Date, Seller shall pay or cause to be paid its proportionate shares share of all Property Expenses incurred in connection with the ownership or operation operations of the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

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Operations Prior to Closing. From the date of execution hereof to the Closing, Seller will operate the Assets in the ordinary course of business a good and workmanlike manner consistent with past practices. Seller agrees to maintain the insurance now in effect with respect to the Assets through the date of Closing. From the date of execution of this Agreement to the Closing Date, Seller shall pay or cause to be paid its proportionate shares share of all Property Expenses costs and expenses incurred in connection with the ownership or operation of the Assetssuch operations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Source Energy Partners L.P.)

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