Common use of Sale or Transfer of the Property Clause in Contracts

Sale or Transfer of the Property. If the property is to be sold or transferred by Lessor during the term of the lease, Lessor may terminate the lease by providing ninety (90) days advance written notice of actual sale or transfer date. (5)Lessee Termination - Lessee may terminate the lease if it is reasonably determined the leased premises are no longer suitable for the intended usage under this lease by virtue of the site’s unsuitability as a communications facility for Lessee’s purpose by providing sixty (60) days written notice. Replacement Site - In the event the property is required for federal use or Lessor identifies a federal use, or if the property is to be sold or transferred, Lessee shall have the first right of any private party to lease space at an alternative location at Lessor’s reasonable discretion. Subcontractors and Agent for Lessee: All work must be performed by skilled trades people who are accomplished at their craft and bonded against loss due to damages resulting directly or indirectly from work performed.

Appears in 2 contracts

Samples: www.gsa.gov, www.gsa.gov

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Sale or Transfer of the Property. If the property is to be sold or transferred by Lessor during the term of the lease, Lessor may terminate the lease Lease by providing ninety (90) days advance written notice of actual sale or transfer date. (5)Lessee Termination - Lessee may terminate the lease if it is reasonably determined the leased Leased premises are no longer suitable for the intended usage under this lease by virtue of the site’s unsuitability as a communications facility for Lessee’s purpose by providing sixty (60) days written notice. Replacement Site - In the event the property is required for federal use or Lessor identifies a federal use, or if the property is to be sold or transferred, Lessee shall have the first right of any private party to lease space at an alternative location at Lessor’s reasonable discretion. Subcontractors and Agent for Lessee: All work must be performed by skilled trades people who are accomplished at their craft and bonded against loss due to damages resulting directly or indirectly from work performed.

Appears in 2 contracts

Samples: www.gsa.gov, www.gsa.gov

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Sale or Transfer of the Property. If the property is to be sold or transferred by Lessor during the term of the leaseLease, Lessor may terminate the lease Lease by providing ninety (90) days advance written notice of actual sale or transfer date. (5)Lessee Termination - Lessee may terminate the lease Lease if it is reasonably determined the leased Leased premises are no longer suitable for the intended usage under this lease Lease by virtue of the site’s unsuitability as a communications facility for LesseeXxxxxx’s purpose by providing sixty (60) days written notice. Replacement Site - In the event the property is required for federal use or Lessor identifies a federal use, or if the property is to be sold or transferred, Lessee shall have the first right of any private party to lease Lease space at an alternative alternate available location at Lessor’s reasonable discretion. Subcontractors and Agent for Lessee: All work must be performed by skilled trades people who are accomplished at their craft and bonded against loss due to damages resulting directly or indirectly from work performed.

Appears in 2 contracts

Samples: www.gsa.gov, www.gsa.gov

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