Common use of Delivery of Property Related Documents If BNPPLC Retains the Property Clause in Contracts

Delivery of Property Related Documents If BNPPLC Retains the Property. Unless NAI or its Affiliate or another Applicable Purchaser purchases the Property pursuant to subparagraph 2(A), promptly after the Designated Sale Date NAI must deliver and assign to BNPPLC all plans and specifications for the Property previously prepared for NAI or otherwise available to NAI (including those prepared in connection with the construction contemplated by the Construction Agreement), together with all other files, documents and permits of NAI (including any subleases then in force) which may be necessary or useful to any future owner’s or occupant’s use of the Property. Without limiting the foregoing, NAI will transfer or arrange the transfer to BNPPLC of all utility, building, health and other operating permits required by any municipality or other governmental authority having jurisdiction over the Property for uses of the Property permitted by the Lease or for any remaining construction required to complete the Improvements contemplated by the Construction Agreement if neither NAI nor any Affiliate or other Applicable Purchaser purchases the Property pursuant to subparagraph 2(A).

Appears in 4 contracts

Samples: Purchase Agreement (Network Appliance Inc), Purchase Agreement (NetApp, Inc.), Purchase Agreement (NetApp, Inc.)

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Delivery of Property Related Documents If BNPPLC Retains the Property. Unless NAI LRC or its Affiliate or another Applicable Purchaser purchases the Property pursuant to subparagraph 2(A), promptly after the Designated Sale Date NAI LRC must deliver and assign to BNPPLC all plans and specifications for the Property previously prepared for NAI LRC or otherwise available to NAI LRC (including those prepared in connection with the construction contemplated by the Construction Agreement), together with all other files, documents and permits of NAI LRC (including any Existing Space Leases and subleases then in force) which may be necessary or useful to any future owner’s or occupant’s use of the Property. Without limiting the foregoing, NAI LRC will transfer or arrange the transfer to BNPPLC of all utility, building, health and other operating permits required by any municipality or other governmental authority having jurisdiction over the Property for uses of the Property permitted by the Lease or for any remaining construction required to complete the Improvements contemplated by the Construction Agreement if neither NAI LRC nor any Affiliate or other Applicable Purchaser purchases the Property pursuant to subparagraph 2(A).

Appears in 2 contracts

Samples: Agreement Regarding Purchase and Remarketing Options (Lam Research Corp), Agreement Regarding Purchase and Remarketing Options (Lam Research Corp)

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