Buyer Negotiations with Tenants Sample Clauses

Buyer Negotiations with Tenants. While not a condition to Closing, Seller and Xxxxx acknowledge and agree that during the term of this Agreement, Buyer may enter into direct discussions with any existing tenants on the Property to discuss the term of their tenancy in order to gain a greater understanding of tenancy issues; provided, however, that no such discussions shall culminate in any agreements which will be effective until after the Close of Escrow. In no event shall any such negotiations or resulting agreements be deemed a condition of Closing or otherwise allow Buyer to void its obligations under this Agreement, and in no event shall Buyer’s negotiations, or any agreements entered with any tenant, if any, create any obligation or duty as to the Seller unless Seller agrees in writing. The Parties agree that prior to any such negotiations with a tenant or tenants, Buyer shall provide a statement to tenant(s) that includes the following language: “The Fountain Valley School District is not a party to any of County’s discussions or dealings with any tenant, and the District is in no way endorsing County or any information provided by County. Neither the District nor the County guarantees that the County will take title to the Property. The County agrees that any agreements regarding the Property which may occur between the County and any tenant shall not take effect until after the Close of Escrow for the Property between the District and the County.” Furthermore, Xxxxxx agrees to not enter into any new lease negotiations, extensions, or agreements to current lease agreements related to the Property, as of the Effective Date. Finally, pursuant to Section 2.2 above, all meetings, if any, between Buyer and current tenants of the Property shall take place after notice is provided, and Buyer shall allow a representative designated by Seller to be present at any such meeting, at Seller’s discretion.
Sample 1
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