Seller Affirmative Covenants. Between the Effective Date and the Closing or the termination of this Agreement in accordance with its terms, Seller shall: (a) Use best efforts to maintain and preserve the Painting; (b) provide Buyer and its Representatives and agents reasonable access to the books and financial records of Seller at any time during normal business hours prior to the Closing Date, at Buyer’s sole cost and expense, to perform any inspections or evaluations of the Painting or Seller; (c) furnish to Buyer true, correct and complete copies of all records, documentation and other information in its possession as Buyer may reasonably request concerning Seller or the Painting; (d) permit Buyer to, without any obligation to do so, contact any Governmental Authority about any governmental authorizations or requirements of law concerning Seller or the Painting; (e) cooperate with Buyer with respect to all filings, permits or consents that Buyer elects to make or obtain or is required by requirements of law or other Persons to make or obtain in connection with the transactions contemplated herein; and (f) provide notice to Buyer as promptly as reasonably practicable upon becoming aware of any event or occurrence capable of causing a material impact on the business of Seller; and (g) between the Effective Date and the Closing Date or the earlier termination of this Agreement in accordance with its terms, use commercially reasonable efforts to cause the conditions precedent in Section 3.02 to be satisfied and to complete the actions in Section 3.03.
Appears in 6 contracts
Samples: Art Purchase Agreement (Masterworks 001, LLC), Art Purchase Agreement (Masterworks 001, LLC), Art Purchase Agreement (Masterworks 001, LLC)