Common use of Fence Clause in Contracts

Fence. Seller has no legally binding obligation to build a fence on or around the Property except as and to the extent expressly set forth in the Government Lease, which has not been amended orally or in writing other than as set forth on Exhibit C hereto. The tenant under the Government Lease is obligated to reimburse the Seller for fence-related expenditures made by the Seller which the tenant requested and has agreed to reimburse. Any such reimbursements attributable to expenditures billed by the Seller prior to Closing which are paid by such tenant to the Purchaser after Closing will be paid by the Purchaser to the Seller within five (5) business days following Purchaser’s receipt thereof, in accordance with Section 9.1(ii) below. Purchaser may obtain additional information regarding the fence project during the Inspection Period, and Seller will reasonably cooperate with such Purchaser requests for additional information.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (First Potomac Realty Trust), Purchase and Sale Agreement (First Potomac Realty Trust)