Leaseback. Seller and Purchaser intend that Seller will leaseback the School from Purchaser following the Closing (the “Leaseback”). 2.3.1 Following the expiration of the Inspection Period, Purchaser will prepare an execution version of the Leaseback Lease for the School by inserting School specific provisions (e.g. legal descriptions, addresses, leased area) into the Leaseback Lease (the “Execution Version of Lease”). No later than five (5) business days prior to the Closing Date, Purchaser will deliver the Execution Version of Lease to Seller and following final approval thereof by Seller, the Execution Version of Lease will be final and will be executed by the parties thereto at Closing.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Nord Anglia Education, Inc.), Purchase and Sale Agreement (Nord Anglia Education, Inc.), Purchase and Sale Agreement (Nord Anglia Education, Inc.)