Common use of Purchase and Sale of the Property Clause in Contracts

Purchase and Sale of the Property. Subject to the terms of this Agreement, Seller agrees to sell, or Seller shall cause Seller’s respective Affiliate to sell, to Buyer the Property for the Purchase Price set forth above. Seller agrees that it shall cause its Affiliates to perform all of the obligations of “Seller” hereunder with respect to the Property or Properties owned by such Affiliate as set forth on Exhibit A1 provided that this shall not release Seller from the obligations of the “Seller” under this Agreement.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (American Realty Capital Trust V, Inc.), Purchase and Sale Agreement (American Realty Capital Daily Net Asset Value Trust, Inc.), Purchase and Sale Agreement (American Realty Capital Trust III, Inc.)

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Purchase and Sale of the Property. Subject to the terms of this Agreement, Seller agrees to sell, or Seller shall cause Seller’s respective Affiliate to sell, to Buyer the Property for the Purchase Price set forth above. Seller agrees that it shall cause its Affiliates to perform all of the obligations of “Seller” hereunder with respect to the Property or Properties owned by such Affiliate as set forth on Exhibit A1 provided that this shall not release Seller from the obligations of the “Seller” under this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Realty Capital Trust V, Inc.), Purchase and Sale Agreement (American Realty Capital Properties, Inc.)

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Purchase and Sale of the Property. Subject to the terms of this Agreement, Seller agrees to sell, or Seller shall cause Seller’s respective Affiliate to sell, to Buyer the Property for the Purchase Price set forth above. Seller agrees that it shall cause its Affiliates to perform all of the obligations of “Seller” hereunder with respect to the Property or Properties owned by such Affiliate as set forth on Exhibit A1 Al provided that this shall not release Seller from the obligations of the “Seller” under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Realty Capital Properties, Inc.)

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