Common use of Preservation of Leases Clause in Contracts

Preservation of Leases. Seller shall, from and after the date of this Agreement to the date of Closing, use its best efforts to perform and discharge all of the duties and obligations and shall otherwise comply with every covenant and agreement of the landlord or lessor under the Leases, at Seller's expense, in the manner and within the time limits required thereunder. Furthermore, Seller shall, for the same period of time, use diligent and good faith efforts to cause the Tenants under the Leases to perform all of their respective duties and obligations and otherwise comply with each and every one of their covenants and agreements under such Leases and shall take such actions as are reasonably necessary to enforce the terms and provisions of such Leases.

Appears in 3 contracts

Samples: Agreement for the Purchase And (G Reit Inc), T Reit Inc, G Reit Inc

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Preservation of Leases. Seller shall, from and after the date of ---------------------- this Agreement to the date of Closing, use its best good faith efforts to perform and discharge all of the duties and obligations and shall otherwise comply with every covenant and agreement of the landlord or lessor under the Leases, at Seller's expense, in the manner and within the time limits required thereunder. Furthermore, Seller shall, for the same period of time, use diligent and good faith efforts to cause the Tenants Tenant under the Leases to perform all of their respective its duties and obligations and otherwise comply with each and every one of their its covenants and agreements under such Leases and shall take such actions as are reasonably necessary to enforce the terms and provisions of such the Leases.

Appears in 1 contract

Samples: Purchase Agreement (Wells Real Estate Investment Trust Inc)

Preservation of Leases. Seller shall, from and after the date of ---------------------- this Agreement to the date of Closing, use its best good faith efforts to perform and discharge all of the duties and obligations and shall otherwise comply with every material covenant and agreement of the landlord or lessor under the Leases, at Seller's expense, in the manner and within the time limits required thereunder. Furthermore, Seller shall, for the same period of time, use diligent and good faith efforts to cause the Tenants under the Leases to perform all of their respective duties and obligations and otherwise comply with each and every one of their covenants and agreements under such Leases and shall take such actions as are reasonably necessary to enforce the terms and provisions of such the Leases.

Appears in 1 contract

Samples: Wells Real Estate Fund Xii Lp

Preservation of Leases. Seller shall, from and after the date of ---------------------- this Agreement to the date of Closing, use its best commercially reasonable efforts to perform and discharge all of the duties and obligations and shall otherwise comply with every covenant and agreement of the landlord or lessor under the Leases, at Seller's expense, in the manner and within the time limits required thereunder. Furthermore, Seller shall, for the same period of time, use diligent and good faith efforts to cause the Tenants under the Leases to perform all of their respective its duties and obligations and otherwise comply with each and every one of their its covenants and agreements under such Leases and shall take such actions as are reasonably necessary to enforce the terms and provisions of such the Leases.

Appears in 1 contract

Samples: Wells Real Estate Investment Trust Inc

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Preservation of Leases. Seller shall, from and after the date of this Agreement to the date of Closing, use its best good faith efforts to perform and discharge all of the duties and obligations and shall otherwise comply with every covenant and agreement of the landlord or lessor under the Leases, at Seller's ’s expense, in the manner and within the time limits required thereunder. Furthermore, Seller shall, for the same period of time, use diligent and good faith efforts to cause the Tenants each Tenant under the Leases its Lease to perform all of their respective its duties and obligations and otherwise comply with each and every one of their its covenants and agreements under such Leases Lease and shall take such actions as are reasonably necessary to enforce the terms and provisions of such Leasesits Lease.

Appears in 1 contract

Samples: Agreement of Purchase (Wells Real Estate Fund Xiv Lp)

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