Common use of Default under Other Property Purchase Agreements Clause in Contracts

Default under Other Property Purchase Agreements. Section 13.3 of the Agreement is hereby revised to provide that, following a Buyer default under the Agreement or an Other Property Purchase Agreement, Seller shall only exercise the same remedy with respect to all of the Agreement or the Other Property Purchase Agreements with respect to such default. By way of example only, Seller shall not be permitted to terminate only some of the Other Property Purchase Agreements and require Buyer to perform with respect to the Agreement and the remaining Other Property Purchase Agreements.

Appears in 7 contracts

Samples: Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Assignment of Asset Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.)

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