Ordinary Operation Sample Clauses
The 'Ordinary Operation' clause defines the standard or routine manner in which a party is expected to conduct its business or manage assets during the term of an agreement. Typically, this clause restricts parties from making significant changes, taking unusual actions, or entering into extraordinary transactions without prior consent from the other party. For example, a seller in a business sale agreement may be required to continue running the business as usual and avoid major expenditures or asset sales. The core function of this clause is to preserve the status quo and protect the interests of the other party by preventing unexpected changes that could affect the value or risk profile of the subject matter during the agreement period.
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Ordinary Operation. After the signing of this Agreement, Transferor has obligations to carry on Tiefeng’s businesses in the usual, regular and ordinary course in substantially the same manner as heretofore conducted. If Transferor’s conducts are in violation of or harm to the interest of Tiefeng, Humankind has right to terminate this Agreement and Transferor shall afford all consequences.
Ordinary Operation. From the date hereof to the Closing Date, DSL shall manage and operate the Partnership Properties and the LVA Property in the ordinary and usual manner in which they have been operated and managed prior to the date hereof by DSL, and make all necessary repairs and replacements consistent with its prior practices. DSL shall not remove any fixtures, equipment or other tangible personal property, if any, from the Real
Ordinary Operation. 29 13.2 Leasing ........................................................ 30 13.3
Ordinary Operation. Seller shall manage and operate the Property in the ordinary and usual manner and use best efforts to keep available the services of its present employees and preserve its relations with all Tenants, suppliers and others having business dealings with it.