Purchase-Sale and Lease. Purchaser hereby agrees to purchase from Seller and Seller hereby agrees to sell to Purchaser, the Properties for the Purchase Price, subject to and in accordance with the terms and conditions of this Agreement. Also in consideration of the mutual covenants herein contained, upon, and subject to, acquisition by Purchaser of the Properties, Purchaser hereby agrees to simultaneously lease to Tenant, and Tenant hereby agrees to simultaneously lease from Purchaser, each of such Properties purchased by Purchaser, on the terms and conditions of the Lease applicable thereto, and in accordance with the terms of this Agreement. Also in consideration of the mutual covenants herein contained, Seller hereby agrees to convey to either Purchaser or Manager, at the Purchaser’s election, the existing Household Replacements associated with the Properties, the existing Inventories located at the Properties, and any Motor Vehicles associated with the Properties, on the terms and conditions set forth herein.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Sunrise Senior Living Inc), Purchase and Sale Agreement (CNL Retirement Properties Inc)
Purchase-Sale and Lease. Purchaser hereby agrees to purchase from Seller and Seller hereby agrees to sell to Purchaser, the Properties Property for the Purchase Price, subject to and in accordance with the terms and conditions of this Agreement. Also in consideration of the mutual covenants herein contained, upon, and subject to, acquisition by Purchaser of the PropertiesProperty, Purchaser hereby agrees to simultaneously lease to Tenant, and Tenant hereby agrees to simultaneously lease from Purchaser, each of such Properties the Property purchased by Purchaser, on the terms and conditions of the Lease applicable thereto, and in accordance with the terms of this Agreement. Also in consideration of the mutual covenants herein contained, Seller hereby agrees to convey to either Purchaser or Manager, at the Purchaser’s election, the existing Household Replacements associated with the PropertiesProperty, the existing Inventories located at the PropertiesProperty, and any Motor Vehicles associated with the PropertiesProperty, on the terms and conditions set forth herein.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Sunrise Senior Living Inc), Purchase and Sale Agreement (Sunrise Senior Living Inc)
Purchase-Sale and Lease. Purchaser hereby agrees to purchase from Seller Sellers and Seller Sellers hereby agrees agree to sell to Purchaser, the Properties for the Purchase Price, subject to and in accordance with the terms and conditions of this Agreement. Also in consideration of the mutual covenants herein contained, upon, and subject to, acquisition by Purchaser of the Properties, Purchaser hereby agrees to simultaneously lease to Tenant, and Tenant hereby agrees to simultaneously lease from Purchaser, each of such Properties purchased by Purchaser, on the terms and conditions of the Lease applicable thereto, and in accordance with the terms of this Agreement. Also in consideration of the mutual covenants herein contained, Seller Sellers hereby agrees agree to convey to either Purchaser or ManagerTenant, at the Purchaser’s 's election, the existing Household Replacements FAS associated with the Properties, Properties and the existing Inventories located at the Properties, and any Motor Vehicles associated with the Properties, on the terms and conditions set forth herein, together with the working capital associated with or set aside associated with the Properties at the Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (CNL Retirement Properties Inc)
Purchase-Sale and Lease. Purchaser hereby agrees to purchase from Seller Sellers and Seller Sellers hereby agrees agree to sell to Purchaser, the Properties for the Purchase Price, subject to and in accordance with the terms and conditions of this Agreement. Also in consideration of the mutual covenants herein contained, upon, and subject to, acquisition by Purchaser of the Properties, Purchaser hereby agrees to simultaneously lease to Tenant, and Tenant hereby agrees to simultaneously lease from Purchaser, each of such Properties purchased by Purchaser, on the terms and conditions of the Lease applicable thereto, and in accordance with the terms of this Agreement. Also in consideration of the mutual covenants herein contained, Seller Sellers hereby agrees agree to convey to either Purchaser or ManagerTenant, at the Purchaser’s 's election, the existing Household Replacements FAS associated with the Properties, Properties and the existing Inventories located at the Properties, and any Motor Vehicles associated with the Properties, on the terms and conditions set forth herein, together with the working capital associated with or set aside associated with the Properties at the Applicable Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (CNL Retirement Properties Inc)