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Common use of Designated Employees Clause in Contracts

Designated Employees. The Designated Employees are the individuals who have been primarily responsible for the management of the Property on behalf of Seller for the one (1) year period immediately prior to the Effective Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (NTS Realty Holdings Lp), Purchase and Sale Agreement (NTS Realty Holdings Lp)

Designated Employees. The Designated Employees are the individuals who have been primarily responsible for the management of the Property on behalf of Seller for the one three (13) year period immediately prior to the Effective Datedate hereof.

Appears in 2 contracts

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

Designated Employees. The Designated Employees are the include those individuals who have been primarily responsible for the asset management of the Property on behalf of Seller for the one two (12) year period immediately prior to the Effective Datedate hereof (or, if shorter, the period of ownership thereof) and who are currently employed by Seller.

Appears in 1 contract

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