Common use of Property Operations Clause in Contracts

Property Operations. Seller shall maintain the Property including the, Improvements in good condition and repair and will conduct good farming practices on the Property consistent with its past practices until the Closing. During the Due Diligence Periods, Seller shall promptly notify Buyer in writing of any material changes with respect to the Property, whether voluntary or involuntary. After the expiration of the last Due Diligence Period, Seller shall not voluntarily cause or permit any material changes with respect to the Property without Buyer’s prior written consent.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (American Farmland Co), Purchase and Sale Agreement (American Farmland Co), Purchase and Sale Agreement (American Farmland Co)