New Contracts. Between the Effective Date and the Closing Date, Seller will not, without the prior consent of Buyer (which shall not be unreasonably withheld or delayed), enter into any contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause on 30-days’ notice and without penalty or premium.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Industrial Property Trust Inc.)
New Contracts. Between After the Effective Date and the Closing Date, Seller will not, without the prior consent of Buyer (which shall not be unreasonably withheld or delayed), enter into any contract that will be an obligation affecting the Property subsequent to the Closing, Close of Escrow (except contracts entered into in the ordinary course of business that are terminable without cause on 30-days30‑days’ notice and without any penalty or premiumtermination fee), without the prior consent of the Buyer, which shall not be unreasonably withheld or delayed.
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (Armada Hoffler Properties, Inc.)
New Contracts. Between From the Effective Date and the Closing Datethrough Closing, Seller will not, without the prior consent of Buyer (which shall not be unreasonably withheld or delayed), enter into any contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any termination penalty on not more than thirty (30-) days’ notice and without penalty or premiumprior notice.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Inland Western Retail Real Estate Trust Inc)
New Contracts. Between the Effective Date and the Closing Date, No Seller will not, without the prior consent of Buyer (which shall not be unreasonably withheld or delayed), enter into any contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any termination penalty on 30-not more than 30 days’ notice and without penalty prior notice, unless such Seller receives the consent of Purchaser, which consent shall not be unreasonably conditioned, delayed or premiumwithheld.
Appears in 1 contract
Samples: Purchase and Sale Agreement (KBS Strategic Opportunity REIT, Inc.)
