Utility Contracts. Seller will not permit Project Owner to enter into any agreement with any utility company (public or private) to provide utility services to the Project unless either (i) such utility contract is terminable on not more than 30 days notice without the payment of any termination fee or penalty or (ii) such utility contract has been approved in writing by Purchaser.
Appears in 2 contracts
Sources: Option Agreement (Behringer Harvard Opportunity REIT I, Inc.), Option Agreement (Behringer Harvard Opportunity REIT I, Inc.)