Maintenance and Operation of Property. From and after the date hereof and until the Closing, Seller covenants to keep and maintain and operate the Property substantially in the manner in which it is currently being maintained and operated and covenants not to cause or permit any waste nor undertake any action with respect to the operation thereof outside the ordinary course of business without Buyer’s prior written consent, not to be unreasonably withheld. Seller covenants not to remove from the Improvements or the Real Property any article included in the Personal Property, without replacing the same with a replacement of the same general quality and/or type. Seller covenants to maintain such casualty and liability insurance on the Property as is presently being maintained.
Appears in 3 contracts
Sources: Real Estate Sale Agreement (Phillips Edison Grocery Center REIT III, Inc.), Real Estate Sale Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Real Estate Sale Agreement (Hartman Short Term Income Properties XX, Inc.)