No New Exceptions. From and after the Effective Date, and except with respect to easements and other matters necessary for the operation of any Property, Seller shall not execute any deed, easement, restriction, covenant or other matter affecting title to any Property unless Buyer has received a copy thereof and has approved the same in writing. If Buyer fails to object in writing to any such proposed instrument within five (5) Business Days after receipt of the aforementioned notice, Buyer shall be deemed to have approved the proposed instrument. Buyer’s consent shall not be unreasonably withheld, conditioned or delayed with respect to any such instrument that is proposed by Seller.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.), Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)
No New Exceptions. From and after the Effective Date, and except with respect to easements and other matters necessary for the operation of any Property, Seller shall not execute any deed, easement, restriction, covenant or other matter affecting title to any the Property unless Buyer has received a copy thereof and has approved the same in writing. If Buyer fails to object in writing to any such proposed instrument within five (5) Business Days business days after receipt of the aforementioned noticesuch instrument, Buyer shall be deemed to have approved the proposed instrument. Buyer’s consent Buyer shall not be unreasonably withheldwithhold, conditioned condition or delayed delay its approval with respect to any such instrument that is proposed by Sellerinstrument.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (NTS Realty Holdings Lp), Purchase and Sale Agreement (NTS Realty Holdings Lp)
No New Exceptions. From and after the Effective Date, and except with respect to easements and other matters necessary for the operation of any Propertydate hereof, Seller shall not execute any deed, easement, restriction, covenant or other matter affecting title to any the Property unless Buyer has received a copy thereof and has approved the same in writing. If Buyer fails to object in writing to any such proposed instrument within five (5) Business Days business days after receipt of the aforementioned noticesuch instrument, Buyer shall be deemed to have approved the proposed instrument. Buyer’s consent Buyer shall not be unreasonably withheldwithhold, conditioned condition or delayed delay its approval with respect to any such instrument that is proposed by Sellerinstrument.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)
No New Exceptions. From and after the Effective Date, and except with respect to easements and other matters necessary for the operation of any Propertydate hereof, Seller shall not execute any deed, easement, restriction, covenant or other matter affecting title to any the Property unless Buyer has received a copy thereof and has approved the same in writing. If Buyer fails to object in writing to any such proposed instrument within five (5) Business Days after receipt of the aforementioned notice, Buyer shall be deemed to have approved the proposed instrument. Buyer’s , in its sole and absolute discretion, shall be entitled to grant or withhold its consent shall not be unreasonably withheld, conditioned or delayed with respect to any such instrument that is proposed by Sellerfrom and after the date hereof.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Fund v L P)