Common use of Debt Restructure Clause in Contracts

Debt Restructure. If Buyer desires to place any mortgages on the Property Assets (other than the Assumed Debt), in order to facilitate a like-kind exchange, provided that such financing would not create adverse tax consequences for Seller, Seller shall on request of Buyer cooperate with Buyer and take reasonable steps to accommodate such request, including without limitation, execution of documents to accomplish the same, and assistance with the estoppels referenced in Section 9.6 provided that Seller shall have no liability for any such financing or by executing any such documents.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

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Debt Restructure. If Buyer desires to place any mortgages on the Property Assets (other than the Assumed Debt)Assets, in order to facilitate a like-kind exchange, provided that such financing would not create adverse tax consequences for Seller, Seller shall on request of Buyer cooperate with Buyer and take reasonable steps to accommodate such request, including without limitation, execution of documents to accomplish the same, and assistance with the estoppels referenced in Section 9.6 provided that Seller shall have no liability for any such financing or by executing any such documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

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Debt Restructure. If Buyer desires to place any mortgages on the Property Assets (other than the Assumed Existing Debt), in order to facilitate a like-kind exchange, provided that such financing would not create adverse tax consequences for Seller, Seller shall on request of Buyer cooperate with Buyer and take reasonable steps to accommodate such request, including without limitation, execution of documents to accomplish the same, and assistance with the estoppels referenced in Section 9.6 provided that Seller shall have no liability for any such financing or by executing any such documents.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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