Common use of New Contracts Clause in Contracts

New Contracts. Seller will not enter into any Service Contract or other agreement that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause on 30-days’ notice or upon sale of the Property.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

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New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting the Property Premises subsequent to the Closing, Closing except contracts entered into in the ordinary course of business that are terminable without cause on thirty (30-) days’ notice or upon sale of the Property' notice.

Appears in 3 contracts

Samples: Agreement (Cedar Income Fund LTD /Md/), Agreement for the Sale (Cedar Income Fund LTD /Md/), Agreement (Cedar Income Fund LTD /Md/)

New Contracts. Seller will not enter into into, amend or terminate any Service Contract or other agreement contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into into, amended or terminated in the ordinary course of business that are terminable without cause and without penalty on not more than thirty (30-) days’ notice or upon sale of the Propertyprior notice.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.), Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause on 30-days’ notice or upon sale of prior to the PropertyClosing.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any termination penalty on 30-not more than 30 days’ notice or upon sale of the Propertyprior notice.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Lighting Science Group Corp), Agreement of Purchase and Sale (KBS Real Estate Investment Trust, Inc.)

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New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting any one of the Property Properties subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any termination penalty on not more than thirty (30-) days’ notice or upon sale of the Propertyprior notice.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.)

New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be ------------- an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause on 30-days’ notice or upon sale of the Property' notice.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (First Capital Insured Real Estate Limited Partnership)

New Contracts. Seller will not enter into any Service Contract or other agreement contract that will be an obligation affecting the Property subsequent to the Closing, except contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any termination penalty on no more than thirty (30-) days’ notice or upon sale of the Propertyprior notice.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

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