Common use of Continued Occupancy Clause in Contracts

Continued Occupancy. To Sellers’ Knowledge, provided all required Consents referenced in Section 5.03 are granted prior to or at the Closing, there are no facts that would prevent the Owned Real Property or the Wilkesbarre Pier from being used or occupied by Buyer after the Closing in the same manner as the Owned Real Property and the Wilkesbarre Pier are used or occupied by Sellers immediately prior to the Closing. {W5977534.1}

Appears in 1 contract

Sources: Asset Purchase Agreement (Sprague Resources LP)

Continued Occupancy. To Sellers’ Knowledge, provided all required Consents referenced in Section 5.03 are granted prior to or at the Closing, there are no facts that would prevent the Owned Real Property or the Wilkesbarre Pier from being used or occupied by Buyer after the Closing in the same manner as the Owned Real Property and the Wilkesbarre Pier are used or occupied by Sellers immediately prior to the Closing. {W5977534.1}.

Appears in 1 contract

Sources: Asset Purchase Agreement (Capital Properties Inc /Ri/)