Common use of Exclusivity Provisions Clause in Contracts

Exclusivity Provisions. The Whitehall Group will agree not to enforce, either individually or on behalf of the Company, any exclusivity provisions in the Operating Agreement which the Whitehall Group has the authority to enforce. Subject to the preceding sentence, upon reasonable request by WRP and/or WCPT and their affiliates, the Whitehall Group will acknowledge the foregoing covenant to any third party entering into a transaction with WRP and/or WCPT.

Appears in 2 contracts

Sources: Memorandum of Understanding (Whwel Real Estate Lp), Memorandum of Understanding (Wellsford Real Properties Inc)

Exclusivity Provisions. The Whitehall Group will agree not to enforce, either individually or on behalf of the Company, any exclusivity provisions in the Operating Agreement which the Whitehall Group has the exclusive authority to enforce. Subject to the preceding sentence, upon reasonable request by WRP and/or WCPT and their affiliates, the Whitehall Group will acknowledge the foregoing covenant to any third party entering into a transaction with WRP and/or WCPT.

Appears in 1 contract

Sources: Memorandum of Understanding (Whwel Real Estate Lp)