Common use of LESSOR’S POWER OF ATTORNEY TO CONDUCT SALE Clause in Contracts

LESSOR’S POWER OF ATTORNEY TO CONDUCT SALE. In the event Lessor does not exercise its Purchase Option and complete the purchase of the Improvements as set forth above, and Lessee (a) is not then residing in the Improvements and (b) continues to hold the Improvements out for sale but is unable to locate a buyer and execute a binding purchase and sale agreement within one (1) year of the giving of the Intent to Sell Notice, Lessee does hereby appoint Lessor its attorney in fact to seek a buyer, negotiate a reasonable price that furthers the goals set forth in this Lease; Transfer the Improvements and distribute proceeds of sale, minus Lessor’s costs of sale and reletting and any other sums owed Lessor by Lessee.

LESSOR’S POWER OF ATTORNEY TO CONDUCT SALE. In the event Lessor does not exercise its Purchase Option option and complete the purchase of the Improvements as set forth above, and Lessee (a) is not then residing in the Improvements and (b) continues to hold the Improvements out for sale but is unable to locate a buyer and execute a binding purchase and sale agreement within one (1) year of the giving of the Intent to Sell Notice, Lessee does hereby appoint Lessor its attorney in fact to seek a buyer, negotiate a reasonable price that furthers the goals set forth in this Lease; Transfer , sell the Improvements property, and distribute proceeds of sale, minus Lessor’s costs of sale and reletting and any other sums owed Lessor by Lessee.

LESSOR’S POWER OF ATTORNEY TO CONDUCT SALE. In the event Lessor does not exercise its Purchase Option and complete the option to purchase of the Improvements as set forth above, and Lessee (a) is not then residing in the Improvements and (b) continues to hold the Improvements out for sale but is unable to locate a buyer and execute a binding purchase and sale agreement within one (1) year of the giving expiration of the Intent to Sell NoticePurchase Option, Lessee does hereby appoint Lessor its attorney in fact to seek a buyer, negotiate a reasonable price that furthers the goals as set forth in this Lease; Transfer , sell the Improvements property, and distribute proceeds of sale, minus Lessor’s costs of sale and reletting and any other sums owed Lessor by Lessee.

LESSOR’S POWER OF ATTORNEY TO CONDUCT SALE. In the event Lessor does not exercise its Purchase Option and complete the option to purchase of the Improvements as set forth above, and Lessee (a) is not then residing in the Improvements and (b) continues to hold the Improvements out for sale but is unable to locate a buyer and execute a binding purchase and sale agreement within one (1) year of the giving of the Intent to Sell Notice, Lessee does hereby appoint Lessor its attorney in fact to seek a buyer, negotiate a reasonable price that which furthers the goals set forth in this Lease; Transfer herein, sell the Improvements property, and distribute proceeds of sale, minus Lessor’s costs of sale and reletting and any other sums owed Lessor by Lessee.