Common use of New Contracts Clause in Contracts

New Contracts. Enter into only those third party Contracts which are necessary to carry out its obligations under Section 4.2, which Contracts shall be cancelable on no more than thirty (30) days’ written notice. If, after the Approval Date, Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, and unless Purchaser, within three (3) business daysthereafternotifies Seller in writing of its intention not to assume such Contract, it shall be treated as a Contract approved by Purchaser.

Appears in 1 contract

Samples: Purchase and Sale and Escrow Agreement

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New Contracts. Enter into only those third third-party Contracts which service contracts that are necessary to carry out its obligations under Section 4.2, SECTION 4.2 and which Contracts shall be cancelable on no more than thirty (30) days’ days written noticenotice at no cost to Purchaser. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three five (35) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention to not to assume such Contractcontract, it shall be treated as a Contract contract approved by PurchaserPurchaser under SECTION 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

New Contracts. Enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 5.2 and which Contracts shall be cancelable on no more than thirty (30) days’ days written notice. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three (3) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention to not to assume such Contractcontract, it shall be treated as a Contract contract approved by PurchaserPurchaser under Section 3.3.1 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (3d Systems Corp)

New Contracts. Enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days’ written noticenotice without payment of any fee or penalty. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by Purchaser.Purchaser under Section 3.3 hereof. Purchase and Sale Agreement

Appears in 1 contract

Samples: Purchase and Sale Agreement (Griffin Capital Essential Asset REIT, Inc.)

New Contracts. Enter into only those third party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days' written noticenotice without premium or penalty. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice and a copy thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days after receipt thereof, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by PurchaserPurchaser under Section 3.4 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Valley Corp)

New Contracts. Enter into only those third party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days’ days written notice. If, after Prior to the Approval Date, Seller enters into execution of any such contract, it Seller shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Corporate Office Properties Trust)

New Contracts. Enter into only those third third-party Contracts service contracts which are reasonably necessary to carry out its obligations under Section 4.2, 4.2 or which Contracts shall be cancelable on no more than thirty (30) days’ days written notice. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three (3) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention to not to assume such Contractcontract, it shall be treated as a Contract contract approved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)

New Contracts. Enter into only those third party Contracts contracts which are necessary to carry out its obligations under Section 4.24.2 and, provided such terms are available on a commercially reasonable basis, which Contracts shall be cancelable on no more than thirty (30) days’ days written notice. If, after the Approval Date, Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, and unless Purchaser, within three five (35) business daysthereafternotifies days after receipt of such notice, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract contract approved by Purchaser.

Appears in 1 contract

Samples: Purchase and Sale and Escrow Agreement (Hartman Short Term Income Properties XX, Inc.)

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New Contracts. Enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no not more than thirty (30) days' written notice. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement

New Contracts. Enter May enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.24.2 and which, which Contracts if reasonably possible, shall be cancelable on no more than thirty (30) days’ days written noticenotice at no cost to Purchaser. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three ten (310) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention to not to assume such Contractcontract, it shall be treated as a Contract contract approved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Core Office Income Reit Inc)

New Contracts. Enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days' written notice. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (HC Government Realty Trust, Inc.)

New Contracts. Enter into only those third party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days’ days written noticenotice without penalty or termination fee. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three seven (37) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention not to assume such Contractcontract, it shall be treated as a Contract approved contract disapproved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brookdale Living Communities Inc)

New Contracts. Enter into only those third third-party Contracts contracts which are necessary to carry out its obligations under Section 4.2, 4.2 and which Contracts shall be cancelable on no more than thirty (30) days’ days written notice. If, after the Approval Date, If Seller enters into any such contract, it shall promptly provide written notice thereof to Purchaser, together with a copy of such Contract, Purchaser and unless Purchaser, within three (3) business daysthereafternotifies days thereafter, notifies Seller in writing of its intention to not to assume such Contractcontract, it shall be treated as a Contract contract approved by PurchaserPurchaser under Section 3.3 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiv Lp)

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