Notices to Purchaser. Seller shall cause the applicable Owner to deliver to Purchaser, within three (3) Business Days of receipt thereof, (a) any condemnation, eminent domain or other litigation proceeding concerning such Owner or the Property sent by or delivered to any Owner or (b) any notice of violation concerning such Owner or the Property delivered to such Owner by any Governmental Authority that would have a material adverse effect on the financial condition or results of operations of the Property if not cured. Seller shall cause the applicable Owner to deliver to Purchaser written notice of any casualty that has occurred at or that otherwise affects any Property of which Owner has knowledge within two (2) Business Days following Owner first acquiring knowledge thereof.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Lepercq Corporate Income Fund L P), Purchase and Sale Agreement (Lepercq Corporate Income Fund L P)
Notices to Purchaser. Seller shall cause the applicable Owner to deliver to Purchaser, within three (3) Business Days of receipt thereof, (a) any condemnation, eminent domain or other litigation proceeding concerning such Owner or the Contributed Property sent by or delivered to any Owner or (b) any notice of violation concerning such Owner or the Contributed Property delivered to such Owner by any Governmental Authority that would have a material adverse effect on the financial condition or results of operations of the Contributed Property if not cured. Seller shall cause the applicable Owner to deliver to Purchaser written notice of any casualty that has occurred at or that otherwise affects any Contributed Property of which Owner has knowledge within two (2) Business Days following Owner first acquiring knowledge thereof.
Appears in 2 contracts
Samples: Contribution Agreement, Contribution Agreement (Lepercq Corporate Income Fund L P)
