Common use of New Contracts Clause in Contracts

New Contracts. Seller will not enter into any Service Contract or other agreement 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 or upon sale of the Property.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

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New Contracts. Seller will not enter into into, amend or terminate any Service Contract or other agreement contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into into, amended or terminated in the ordinary course of business that are terminable without cause and without penalty on not more than thirty (30-) days’ notice or upon sale of the Propertyprior notice.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.), Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement 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 or upon sale of the Propertyprior notice.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (KBS Real Estate Investment Trust, Inc.), Purchase and Sale Agreement (Lighting Science Group Corp)

New Contracts. Seller will not enter into any Service Contract or other agreement 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 or upon sale of prior to the PropertyClosing.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement 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 no more than thirty (30-) days’ notice or upon sale of the Propertyprior notice.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement 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 or upon sale of the Property' notice.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (First Capital Insured Real Estate Limited Partnership)

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New Contracts. Seller SELLER will not enter into any Service Contract or other agreement 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’ prior notice or upon sale of unless the Propertycontract or obligation is approved in writing by the BUYER.

Appears in 1 contract

Samples: Purchase and Sale Agreement

New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting any one of the Property Properties 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 or upon sale of the Propertyprior notice.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting the Property Properties or Facilities subsequent to the First Closing, except contracts entered into in the ordinary course of business that are terminable without cause on 30-days’ notice or upon sale and without the payment of the Propertyany termination penalty.

Appears in 1 contract

Samples: Global Truck Wash Facility (Mace Security International Inc)

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