Property Operations. Seller shall maintain the Property including the, Improvements in good condition and repair and will conduct good farming practices on the Property consistent with its past practices until the Closing. During the Due Diligence Periods, Seller shall promptly notify Buyer in writing of any material changes with respect to the Property, whether voluntary or involuntary. After the expiration of the last Due Diligence Period, Seller shall not voluntarily cause or permit any material changes with respect to the Property without Buyer’s prior written consent.
Property Operations. 1. Historical operating statements for 2012, 2013 and year to date
Property Operations a. Current rent roll.
Property Operations. As between the Company and the Royalty Holder, the Company shall have exclusive control and authority over all matters relating to the Property, including all business, operations and activities thereon.
Property Operations a. Utility bills for past three years (electric, water and gas) or for the period of ownership of Seller, if less than three (3) years.
Property Operations. In the performance of his duties, Executive shall be subject to the direction of the Board of Directors of the Company (the “Board”), including any committee of the Board designated by the Board, if any, and the Company’s Chief Operating Officer and any officer senior to the Chief Operating Officer (“CEO”, which term refers to the Chief Operating Officer and any officer senior to the Chief Operating Officer (such as the President, Chief Executive Officer and Executive Chairman), each with authority acting alone to give direction hereunder in the event that more than one person holds these positions) and shall not be required to take direction from or report to any other person. Executive will report directly to the Chief Operating Officer of the Company. Executive’s duties and authority shall be commensurate with Executive’s title and position with the Company, and shall not be materially diminished from, or materially inconsistent with, Executive’s duties and responsibilities with the Company immediately prior to the date of this Agreement, provided, however, that it will not be a violation of this Section 2(a), or otherwise be a breach by the Company under any term of this Agreement, if either (x) or (y) immediately below are true:
Property Operations. Buyer’s review and approval of documentation, reports and records concerning Property and its operations including the following:
Property Operations. Xxxxx’s review and approval of documentation, reports and records concerning Property and its operations including the following:
Property Operations. Purchaser shall be responsible for securing any consent from third parties who have the right to consent to the transfer of any Intangible Personal Property or appurtenant rights (the “Required Consents”) and paying any fee in connection therewith. Failure to obtain the Required Consents is not a condition precedent to Purchaser’s obligation to consummate the Closing. Purchaser assumes all liability which arises as a result of failing to obtain any Required Consents and shall indemnify and hold harmless Seller from any liability, claims, actions, expenses, or damages incurred by Seller as a result of such failure, which obligation shall survive the Closing.
Property Operations. Seller shall continue to operate the Property in the ordinary course of its business and maintain the Property in the same or better condition than as existing on the Effective Date, but Seller shall not be required to repair material damage to the Property from casualty, except as otherwise provided in this Agreement. In that regard, Seller shall: (a) continue to maintain all of the present services to the Property; (b) comply with all terms, covenants and conditions of all contracts, agreements, leases, licenses and arrangements affecting the Property;
