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 (provided, however, that without the prior consent of Purchaser, Seller shall not enter into any service contract that cannot be terminated with thirty (30) days notice); and (b) 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.
Appears in 2 contracts
Sources: Contract of Sale (Century Properties Fund Xv), Contract of Sale (Angeles Income Properties LTD 6)