Operation and Maintenance of the Property Sample Clauses

Operation and Maintenance of the Property. The Parties agree that during the Operations Period, the City shall be authorized to use and occupy the Property for the purposes of conducting Park Operations. The City shall maintain the Property during the Operations Period.

Operation and Maintenance of the Property. Seller agrees to operate, maintain and repair the Property in substantially the same manner as Seller has been prior to the Effective Date, normal wear and tear accepted. Seller shall not remove from the Improvements any item or article defined as Personal Property hereunder except as may be necessary for repair or discarding worn out or useless items.

Operation and Maintenance of the Property. To the best of Contributor’s, Owner’s and/or SPE Entities’ ability, maintain the Property and preserve its business operations at Owner’s or the SPE Entities’ cost and expense, in a manner consistent with its current operating procedures, applicable legal requirements and good industry practice, and comply with all agreements to which any of them and the Property are bound and with all laws, ordinances, orders, regulations and requirements applicable to the SPE Entities or the Property. The SPE Entities shall be permitted to replace items of Personalty so long as the replacement item is of similar quality and utility. Notwithstanding the foregoing, Company understands and acknowledges that with respect to the Concorde Property, Concorde is diligently pursuing the Kitchen Approvals and Kitchen Permits and upon receipt of the Kitchen Approvals and Kitchen Permits will deliver them to Company, which date may be after the Closing Date

Operation and Maintenance of the Property. In order to continue the most efficient operation of this farmland and to maintain it in a high state of productivity, the parties agree as follows: A. The landlord agrees: 1. To pay all taxes when due. B. The tenant agrees:

Operation and Maintenance of the Property. Between the Effective Date and the Closing Date Seller shall operate, maintain and keep the Property in a manner consistent with Seller’s past practices with respect to the Property, excepting normal wear and tear and casualty.

Operation and Maintenance of the Property. The Developer shall, during the period it holds title to the Property, keep the Property and all improvements thereon, now or hereafter existing, in good and safe condition and repair, and shall comply with all applicable laws, ordinances, codes and regulations (federal, state or municipal) with respect to the occupancy, operation and maintenance of the same.

Operation and Maintenance of the Property. Seller covenants that, until this transaction is closed or escrow is terminated, whichever first occurs, Seller will continue to operate and maintain the Property in a manner consistent with Seller’s past practices.

Operation and Maintenance of the Property. The Developer and each permitted successor shall keep the Property and all improvements thereat, now or hereafter existing, in good and safe condition and repair, and shall comply with all applicable laws, ordinances, codes and regulations (federal, state or municipal).

Operation and Maintenance of the Property. Seller covenants and agrees that, from and after the date of this Agreement and until the Closing Date it will: (a) subject to the terms and provisions of this Agreement, operate and maintain the Property in good condition and repair and in the same manner as currently being operated and shall deliver the Property at the Closing in the same condition as exists as of the date of this Agreement, subject to ordinary wear and tear; (b) maintain in full force and effect the insurance coverage that is presently maintained on the Property; and (c) not enter into any new Lease or Contract affecting any portion of the Property (that will continue in affect after the Closing) nor modify, amend, extend, terminate, cancel or grant concessions regarding any existing Lease or Contract except as approved by Purchaser in writing (with respect to any such new Leases that are approved by Purchaser, Purchaser shall be responsible for the payment of any leasing commissions and tenant improvement costs expressly agreed to by Purchaser at the time the Lease is approved; any such Lease or Contract that is approved shall constitute a Lease or an Assigned Contract, as the case may be). Notwithstanding the above, Seller may extend or renew existing tenancies for up to six (6) months on such financial terms as are not less than those being renewed or extended.