Covenant to Operate and Maintain. Prior to Closing, the Seller shall maintain, repair, manage, and operate the Property in a businesslike manner in accordance with the Seller's prior practices, and Seller shall not dissipate any portion of the Property, including but not limited to any timber located thereon.
Appears in 1 contract
Sources: Option and Agreement of Sale (CommunitySouth Bancshares Inc)
Covenant to Operate and Maintain. Prior to Closingthe Closing Date, the Seller shall maintain, repair, manage, manage and operate the Property in a businesslike manner in accordance with the Seller's ’s prior practices, practices and Seller shall not dissipate any portion of the Property, including but not limited . Seller shall keep the Property insured in accordance with Seller’s prior practices up to any timber located thereonthe Closing Date.
Appears in 1 contract
Covenant to Operate and Maintain. Prior to Closingthe Closing Date, and except as agreed otherwise by the parties in writing under a management agreement or similar contract, Seller shall maintain, repair, manage, manage and operate the Property property in a businesslike manner in accordance with the Seller's ’s prior practices, practices and Seller shall not dissipate any portion of the Property, including but not limited to any timber located thereon.
Appears in 1 contract
Sources: Real Estate Purchase Agreement