SALE TO TENANT. If a sale or exchange of the PREMISES to the Tenant, or to anyone acting for or on behalf of a tenant or to any member of a tenant’s immediate family is contracted for or effected during the term of this Management Agreement or within months of its termination, the BROKER will be paid by the OWNER promptly a commission of % of the sales price, if the BROKER has a valid South Carolina real estate license for the sale of real property in effect on the date such sale or exchange is closed.
SALE TO TENANT. Tenant is notified that there may be a commission due under a separate brokerage agreement if Tenant should purchase the Premises. This paragraph does not give Tenant an option or right to purchase the Premises.
SALE TO TENANT. If a sale or exchange of the managed property is effected to a tenant who occupies the property during the term of this agreement, or anyone acting on the tenant’s behalf, Manager shall be considered the procuring cause of such sale and MANAGER shall be paid a commission of at least two and one half (2.5%) of the gross sales price or valuation upon the close of the transaction. This provision for sales commission shall survive any termination of this agreement.
SALE TO TENANT. If a tenant who occupies the Property during the term of this Agreement (including the initial or any renewal term) enters into an agreement to purchase the Property anytime during the term of this Agreement or during the initial term of the lease (if the initial term of the lease ends after the expiration of this Agreement), Owner agrees to pay Agent a fee of , which shall be due and payable upon closing on the Property.
SALE TO TENANT. If Tenant elects to exercise its Right of First Refusal and purchase the ROFR Property that is the subject of the Third Party Offer Notice, then such sale to Tenant shall be on the same terms and conditions in all material respects as those set forth in the contract of sale provided to Tenant in connection with the delivery of the Third Party Offer Notice. The closing of any such sale to Tenant shall occur in accordance with the terms and conditions of such contract of sale. Upon conveyance of any such ROFR Property to Tenant pursuant to this paragraph, such ROFR Property shall be deleted from this Restated Lease, the Fixed Rent shall be adjusted to reflect such deletion in accordance with the Fixed Rent Adjustment Procedures, and the amounts held pursuant to this Restated Lease on account of advanced Real Estate Tax payments pursuant to Article 4 shall be adjusted accordingly.
SALE TO TENANT. If a sale or exchange of the Premises to the Tenant, or to anyone acting for or on behalf of a tenant or to any member of a tenant’s immediate family is contracted for or effected during the term of this agreement or within 2 months of its termination, The Agent will be paid by the Owner promptly a commission of 2.5% of the sales price. Should a co-op Agent represent the Tenant in a sale, each Agent shall be paid 2.5% of the sales price for a total commission of 5.0%.
SALE TO TENANT. If a sale or exchange of the PREMISES to the Tenant, or to anyone acting for or on behalf of a tenant or to any member of a tenant's family or roommate of such tenant is contracted for or effected during the term of this Management Agreement or thereafter, the BROKER will be paid by the OWNER promptly a commission of 3% of the sales price, if the BROKER has a valid South Carolina real estate license for the sale of real property in effect on the date such sale or exchange is closed. Owner shall immediately give notice to BROKER if and when: (a) OWNER enters into a contract to sell Property; or (b) OWNER closes on the sale of Property to another. This obligation shall survive the expiration or termination of this Agreement.
SALE TO TENANT. If a sale or exchange of the managed property is effected to a TENANT who occupies the property during the term of this agreement, or anyone acting on the TENANT’s behalf, BROKER shall be considered the procuring cause of such sale and BROKER shall be paid a commission of at least 3% (three percent) of the gross sales price or valuation upon the close of the transaction. This provision for sales commission shall survive any termination of this agreement.
SALE TO TENANT. If Tenant elects to purchase the Project and the Option pursuant to SECTION 18.3(A), Tenant must close such purchase within forty-five (45) days following the date of such Tenant Decision Notice. The purchase price for the Project and the Option shall be the amount necessary to produce an internal rate of return to Landlord of thirteen percent (13%), calculated using an initial investment of $16,800,000 (which amount shall be adjusted on a dollar-for-dollar basis for any reductions in the purchase price which reduce Scheduled Base Rent, as provided in SECTION 4.4 hereof) and Scheduled Base Rent actually paid and collected by Landlord. Such sale to Tenant shall be an all-cash sale; the Project shall be conveyed to Tenant on an "as-is, where-is, with all faults" basis and without representations or warranties by Landlord except as to Landlord's existence and authority to convey the Project to Tenant, and free and clear of all Landlord Encumbrances; the conveyance shall be absolute and subject to no contingencies; and the Lease shall be automatically terminated as of the closing date of such conveyance. Notwithstanding the foregoing, Tenant shall have no option to so purchase the Project and the Option if a Material Event of Default or Bankruptcy Event has occurred and is continuing as of such date, or if Tenant fails to pay to Landlord the entire unpaid Amortized Improvement Repayment under this Lease as of the date of closing (in addition to the purchase price set forth in this SECTION 18.5).
SALE TO TENANT. If a sale or exchange of the managed property is effected to a tenant who occupies the property during the term of this agreement, or anyone acting on the tenant’s behalf, BROKER AND/ OR MANAGER shall be considered the procuring cause of such sale and BROKER shall be paid a commission of at least four (4%) of the gross sales price or valuation upon the close of the transaction. This provision for sales commission shall survive any termination of this agreement for two years.
