Common use of Seller’s Obligations Pending Closing Clause in Contracts

Seller’s Obligations Pending Closing. Between the Effective Date and the Closing Date (or termination hereof), Seller shall: (a) Use all reasonable efforts as may be necessary to effect the transactions contemplated by this Agreement. (b) Maintain the Property in the same manner as is presently done, subject to normal wear and tear, casualty, and condemnation. (c) Maintain existing insurance coverage or its equivalent in force with respect to the Property. (d) Not convey or contract to convey or voluntarily encumber the Property or any portion thereof or interest therein. (e) Not enter into any contract that will be an obligation affecting the Property or any part thereof subsequent to the closing without Purchaser's prior written consent which Purchaser agrees not to unreasonably withhold or delay. (f) Cooperate with, and assist in Purchaser's efforts to obtain access to governmental agencies that have approval authority concerning the development of the Property. (g) Perform all acts reasonably necessary to ensure the assignment and transfer of any development and underground rights and concessions from Seller to Purchaser at the Closing.