Common use of Property Transferees Clause in Contracts

Property Transferees. The Seller hereby acknowledges and agrees that the Purchaser shall have the right to assign this Agreement with respect to each Property to the Applicable Property Transferee as may be necessary in order to effectuate the intent of this Section 4.1.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CNL Retirement Properties Inc), Purchase and Sale Agreement (Sunrise Senior Living Inc)

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Property Transferees. The Seller hereby acknowledges and agrees that the Purchaser shall have the right to assign this Agreement with respect to each the Property to the Applicable Property Transferee as may be necessary in order to effectuate the intent of this Section 4.1.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Sunrise Senior Living Inc), Purchase and Sale Agreement (Sunrise Senior Living Inc)

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