Building Operation. Prior to the Closing and so long as this Agreement remains in full force and effect, Seller shall operate and manage the Building in accordance with ordinary and customary practices and maintain its existing insurance coverage with respect to the Building, undertaking and not deferring routine maintenance and preserving to the extent reasonably possible under the circumstances relationships with vendors, janitorial, elevator and other maintenance contractors as well as other suppliers of goods, services and labor to or for the operation of the Building and maintenance of the Property. Prior to the Closing and so long as this Agreement remains in full force and effect, Seller will refrain from offering the Property for sale or marketing the same or negotiating with respect to or entering into any other agreement for the sale of the Property. Seller will refrain from creating any easements, liens, mortgages, deeds of trust, or other encumbrances or interests on the Property that will survive Closing and will not apply for or otherwise initiate any changes to the zoning classification of the Property. Seller's obligations under this Section 13.1 shall survive the Closing.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty L P)