Common use of Certain Obligations of the Parties Clause in Contracts

Certain Obligations of the Parties. 12.1 Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall: (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof; (b) maintain the Property in the condition in which it existed as of the date of this Contract, normal wear and tear excepted; not commit waste of or on the Property; operate the Property in a manner consistent with and in compliance with all applicable laws; and perform its obligations under the Leases, and the Service Contracts; (c) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge; (d) not enter into any contract with respect to or affecting the Property which would affect or bind Purchaser following the Closing Date, without Purchaser's prior written consent; (e) promptly advise Purchaser in writing of any changes in circumstances which would render the representations and warranties made by Seller herein false or misleading; (f) comply with all applicable laws affecting the conveyance of the Property, including, without limitation, any laws which require the giving of notice of the transaction contemplated by this Contract to Tenants or any association of Tenants; and (g) deliver to Purchaser (i) a revised Rent Roll in the event of any material changes to the Rent Roll previously delivered, (ii) copies of any written amendments to any Service Contracts after the Effective Date but prior to Closing, and (iii) copies of any written notices of any violations of law or threatened litigation received by Seller after the Effective Date but prior to Closing.

Certain Obligations of the Parties. 12.1 Operation of the Property Prior to the Closing. Between the Effective Date and the Closing Date, Seller shall: (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof;, (b) maintain the Property in the condition in which it existed as of the date of this Contract, normal wear and tear excepted; not commit waste of or on the Property; operate the Property in a manner consistent with and in compliance with all applicable laws; and perform its obligations under the Leases, and the Service Contracts; (c) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge; (d) not enter into any contract with respect to or affecting the Property which would affect or bind Purchaser following the Closing Date, without Purchaser's prior written consent; (e) promptly advise Purchaser in writing of any changes in circumstances which would render the representations and warranties made by Seller herein false or misleading; (f) comply with all applicable laws affecting the conveyance of the Property, including, without limitation, any laws which require the giving of notice of the transaction contemplated by this Contract to Tenants or any association of Tenants; and (g) deliver to Purchaser (i) a revised Rent Roll in the event of any material changes to the Rent Roll previously delivered, (ii) copies of any written amendments to any Service Contracts after the Effective Date but prior to Closing, and (iii) copies of any written notices of any violations of law or threatened litigation received by Seller after the Effective Date but prior to Closing.