Common use of Possession and Tenant Notices Clause in Contracts

Possession and Tenant Notices. Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of the Tenant under the Lease, rights arising under any Property Contracts not terminated by Seller pursuant to Section 4.4.2 above, and rights arising under the matters included in the Required Title Condition. Seller and Buyer covenant and agree to execute at Closing a written notice of the acquisition of the Property by Buyer, for transmittal to the Tenant. Such notice shall be prepared by Buyer, at Buyer’s cost and expense, and approved by Seller, shall notify the Tenant of the sale and transfer and shall contain appropriate instructions relating to the payment of future rentals, the giving of future notices and other matters reasonably required by Buyer or required by law. Unless a different procedure is required by applicable law, in which event such laws shall be controlling, Buyer agrees to transmit or otherwise deliver such letters to the Tenant promptly after the Closing.

Possession and Tenant Notices. Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of the Tenant under the Lease, rights arising under any Property Contracts not terminated by Seller pursuant to Section 4.4.2 above, Lease and rights arising under the matters included set forth in the Required Title ConditionPreliminary Report and the Permitted Exceptions. Seller and Buyer covenant and agree to execute at Closing a written notice of the acquisition of the Property by Buyer, in sufficient copies for transmittal to the Tenant affected by the sale and purchase of the Property and properly addressed to the Tenant. Such notice shall be prepared by BuyerSeller, at BuyerSeller’s sole cost and expense, and approved by SellerBuyer, in its reasonable discretion, and shall notify the Tenant of the sale and transfer and shall contain appropriate instructions relating to the payment of future rentals, the giving of future notices and other matters reasonably required by Buyer or required by lawlaw (“Tenant Notice”). Unless a different procedure is required by applicable law, in which event such laws law shall be controlling, Buyer Seller agrees to transmit or otherwise deliver such letters the letter to the Tenant under the Tenant Lease promptly after the Closing.

Possession and Tenant Notices. Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of the Tenant under the Lease, rights arising under any Property Contracts not terminated by Seller pursuant to Section 4.4.2 above, and rights arising under the matters included Closing in the Required Title Conditioncondition required under this Agreement. Seller and Buyer covenant and agree to execute at Closing a written notice of the acquisition of the Property by Buyer, in sufficient copies for transmittal to each tenant affected by the Tenantsale and purchase of the Property and properly addressed to each tenant. Such notice shall be prepared by BuyerSeller, at BuyerSeller’s sole cost and expense, and approved by SellerBuyer, in its reasonable discretion, and shall notify the Tenant tenant of the sale and transfer and shall contain appropriate instructions relating to the payment of future rentals, the giving of future notices and other matters reasonably required by Buyer or required by lawlaw (each, a “Tenant Notice”). Unless a different procedure is required by applicable law, in which event such laws law shall be controlling, Buyer Seller agrees to transmit or otherwise deliver such letters to the tenants under the Tenant Leases promptly after the Closing.