GARDEN GROVE, CITY OF (21) - Laserfiche WebLink

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KLG:ar 7/8/78 threatened against said Buyer which affects its right to acquire the properties.of Garden Grove. In.the event any of the foregoing shall be com- menced] or to the knowledge of Santa Ana, threatened, it shall, promptly upon receipt of notice hereof, mail notice to Garden Grove at the address hereinafter set forth. The. actions now pending or threatened are as follows: NONE 7. Particular Agreements of Seller. Garden Grove hereby covenants and agrees to and with Santa Ana with respect to its conduct and the property to be sold hereunder that: (a) Conduct of Business. Prior to the close hereof, Garden Grove will not, without the prior written con- sent of Santa Ana, enter into any material transaction affect- ing the properties to be conveyed hereby other than in the ordinary course of business. Such changes, additions, improve- ments, major repairs, extensions or retirement in, to or of the water system facilities as -in the opinion of Garden Grove may be necessary to maintain adequate water service to exist- ing customers of Garden Grove shall be deemed to be transac- tions in the ordinary course of business, provided, however, that all work involved shall be done in accordance with the customary water system practice. (b) Sale or Transfer of Operating Property. No part -of the properties to be sold by Garden Grove and no easements, water rights, or.pumping rights to be sold will be voluntarily sold, leased, transferred or encumbered by Garden Grove prior to the close hereof without the prior written consent of Santa Ana. (c) Maintenance and Repairs. From and after the date hereof and until the date of closing, Garden. Grove will maintain and preserve its properties to be sold hereunder -9-