Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, any Service Contract or enter into any new service contract for or with respect to the Property, unless the same is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ notice.
Appears in 12 contracts
Samples: Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Equity Resource Group Inc Et Al)
Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract or enter into any new service contract for or with respect to the Property, unless without the same prior written consent of Buyer which consent shall not be unreasonably withheld or delayed provided such contract is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ notice.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc)
Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract Contact or enter into any new service contract for or with respect to the Property, without the prior written consent of Buyer which consent shall not be unreasonably withheld or delayed unless the same is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ ' notice.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Krupp Associates 1980-1)
Continuation of Service Contracts. Seller The Selling Entities shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract or enter into any new service contract for or with respect to the Property, Property unless the same is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ ' notice. Buyer shall assume all Service Contracts at Closing.
Appears in 1 contract
Samples: Stock Purchase Agreement (Krupp Realty LTD Partnership Iv)
Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract or enter into any new service contract for or with respect to the Property, unless without the same prior written consent of Buyer which consent shall not be unreasonably withheld or delayed provided such contract is terminable without penalty or payment by the then owner of the Property upon not more than thirty (30) days’ notice.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Berkshire Income Realty Inc)
Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract service contract or enter into any new service contract for or with respect to respecting the Property, Property unless the same is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ 30 days notice.
Appears in 1 contract
Continuation of Service Contracts. Seller shall not modify or amend, nor permit the Partnership to modify or amend, amend any Service Contract or enter into any new service contract for or with respect to Service Contract respecting the Property, Property unless the same is terminable without penalty by the then owner of the Property upon not more than thirty (30) days’ notice. Those Service Contracts which Buyer has elected to assume shall be assigned and assumed pursuant to the Assignment of Contracts, Guaranties and Warranties at Closing. Any costs associated with such assignment shall be Seller’s responsibility.
Appears in 1 contract
Samples: Purchase and Sale Agreement (RREEF Property Trust, Inc.)