Common use of Actions and Operations Pending Closing Clause in Contracts

Actions and Operations Pending Closing. Seller and Purchaser agree that after the date hereof and until the Closing Date: (a) The Master Lease will remain in full force and effect. (b) The Sublease will remain in full force and effect. (c) Seller will not enter into any new material contract or Space Lease or create any Title Defect, or, other than pursuant to, or by virtue of, this Agreement, the Related Agreements or the Third Party Consents, cancel, modify or renew any existing material contract or Space Lease relating to the Two Sale Properties, without the prior written consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed. (d) Seller shall notify Purchaser promptly if Seller becomes aware of any transaction or occurrence prior to the Closing Date which would make any of the representations or warranties of Seller contained in Section 5.01 not true in any material respect. (e) Seller will not dispose of any of the Property, except in the ordinary course of business and in accordance with this Agreement or as required under the Master Lease. (f) Purchaser will not terminate, modify or amend the Sublease or consent to or waive any material action or omission by Subtenant under the Sublease.

Actions and Operations Pending Closing. Seller and Purchaser agree that after the date hereof and until the Closing Date: (a) The Master Lease will remain in full force and effect. (b) The Sublease will remain in full force and effect. (c) Seller will not enter into any new material contract or Space Lease or create any Title Defect, or, other than pursuant to, or by virtue of, this Agreement, the Related Agreements or the Third Party Consents, cancel, modify or renew any existing material contract or Space Lease relating to the Two Seven Sale Properties and Ground Leased Properties, without the prior written consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed. (d) Seller shall notify Purchaser promptly if Seller becomes aware of any transaction or occurrence prior to the Closing Date which would make any of the representations or warranties of Seller contained in Section 5.01 not true in any material respect. (e) Seller will not dispose of any of the Property, except in the ordinary course of business and in accordance with this Agreement or as required under the Master Lease. (f) Purchaser will not terminate, modify or amend the Sublease or consent to or waive any material action or omission by Subtenant under the Sublease.