Property Contracts. Buyer shall not be required to assume any service or other contracts of Seller at Closing, and any and all Property contracts of Seller (if any) shall, unless otherwise requested by Buyer, be terminated by Seller, at Seller’s expense, as of the Closing Date.
Appears in 2 contracts
Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement (TNP Strategic Retail Trust, Inc.)
Property Contracts. Buyer shall not be required to assume any service or other contracts of Seller at ClosingClosing which are cancelable by Seller without penalty, and any and all such Property contracts of Seller (if any) shall, unless otherwise requested by Buyer, shall be terminated by Seller, at Seller’s expense, as of the Closing Date.
Appears in 1 contract
Samples: Real Estate Purchase Agreement (TNP Strategic Retail Trust, Inc.)
Property Contracts. Buyer shall not be required to assume any service or other contracts (collectively, “Contracts”) of Seller at Closing. As of the Closing Date, and any and all Property contracts of Seller (if any) shall, unless otherwise requested by Buyer, be terminated by Seller, at Seller’s expense, as shall terminate any Contracts that Buyer does not accept in Buyer’s sole discretion by written notification to Seller prior to the expiration of the Closing DateDue Diligence Period including without limitation any management agreements affecting the Property.
Appears in 1 contract
Samples: Real Estate Purchase Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
