New Contracts. Except as permitted under the terms of this Agreement, Property Owner shall not enter into any new contract or other agreement affecting the Property (including but not limited to any transfer of any interest in the Property or placement or allowance of placement of any mortgage or lien against the Property) which would survive the Closing (other than new Tenant Leases pursuant to Section 8.4 above); provided that no consent of CBL/OP shall be required as to any proposed contract or other agreement which is entered into in the course of Property Owner's ordinary course of operating and maintaining the Property and which provides it is terminable upon 30 days (or less) notice without premium or penalty payable by CBL/OP.
Appears in 3 contracts
Samples: Contribution Agreement and Joint Escrow Instructions (CBL & Associates Properties Inc), Purchase and Sale Agreement and Joint Escrow Instructions (CBL & Associates Properties Inc), Contribution Agreement and Joint Escrow Instructions (CBL & Associates Properties Inc)
New Contracts. Except as permitted under the terms of this Agreement, Property Owner shall not enter into any new contract or other agreement affecting the Property (including but not limited to any transfer of any interest in the Property or placement or allowance of placement of any mortgage or lien against the Property) which would survive the Closing (other than new Tenant Leases pursuant to Section 8.4 above)Closing; provided that no consent of CBL/OP shall be required as to any proposed contract or other agreement which is entered into in the course of Property Owner's ordinary course of operating and maintaining the Property and which provides it is terminable upon 30 days (or less) notice without premium or penalty payable by CBL/OP.
Appears in 1 contract
