Operator of the Property Clause Samples

The "Operator of the Property" clause defines who is responsible for managing and overseeing the day-to-day operations of a property. This clause typically specifies the party designated as the operator, outlines their duties such as maintenance, tenant relations, and compliance with laws, and may set standards for performance or reporting. By clearly identifying the operator and their responsibilities, this clause ensures accountability and smooth management of the property, reducing the risk of disputes or mismanagement.
Operator of the Property. At the Closing, Seller shall execute and deliver to Buyer appropriate documents concerning transfer of operations. Seller agrees to use its best efforts to assist Buyer in becoming successor operator of the Property prior to closing. In the event Buyer is unsuccessful in obtaining Operatorship, Seller will provide the requisite license for up to 30 days as required. Buyer understands that Buyer is responsible for all operating costs as of the effective date regardless of who actually operates the properties.
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Operator of the Property. At the Closing, Seller shall execute and deliver to Buyer appropriate documents concerning transfer of operations.
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Operator of the Property 
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Related to Operator of the Property

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • RISK OF THE PROPERTY As from the time of the sale, the Property shall be at the sole risk of the Purchaser as regards to loss or damage of whatsoever nature or howsoever occurring including by fire or other accidents, state of cultivation, non-occupation or otherwise.

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.