Common use of SNDAs Clause in Contracts

SNDAs. Each Seller shall timely request (and, in any event, no later than 2 Business Days following receipt of the form(s) for same from Buyer) a subordination, non-disturbance and attornment agreement executed and acknowledged by each Major Tenant in form and substance required by Buyer’s lender.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Industrial Income Trust Inc.)

SNDAs. Each Seller shall timely request (and, in any event, reasonably cooperate with Buyer by requesting no later than 2 Business Days business days following receipt of the form(s) for same from Buyer) Buyer a subordination, non-disturbance and attornment agreement executed and acknowledged by each Major Tenant in form and substance required by Buyer’s lender; provided that the receipt of same shall not be a condition to the Close of Escrow.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Industrial Income Trust Inc.)

SNDAs. Each Seller shall timely request (and, in any event, reasonably cooperate with Buyer by requesting no later than 2 Business Days business days following receipt of the form(s) for same from Buyer) Buyer a subordination, non-disturbance and attornment agreement executed and acknowledged by each Major Tenant Lessee in form and substance required by Buyer’s lender; provided that the receipt of same shall not be a condition to the Close of Escrow.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Industrial Income Trust Inc.)