First Transaction/Closing Sample Clauses

First Transaction/Closing. Simultaneously herewith CNLR or its affiliate and Seller/Tenant shall enter the Purchase Agreement for the purchase and sale-leaseback of Properties (as hereinafter defined), with a collective value of at least $25,000,000 (the “First Transaction”). Seller/Tenant agrees to endeavor to close on the First Transaction on or before December 22, 2004. As used herein, “Properties” shall mean a parcel of real property being operated as a United Rental retail rental and equipment store located in the continental United States.