Purchaser’s Assignees. This Agreement is not assignable by Purchaser without first obtaining the prior written approval of the Sellers’ Representative, except that Purchaser may assign this Agreement to one or more entities so long as (a) Purchaser is an affiliate of the purchasing entity(ies) (a “Purchaser’s Designated Entity”), (b) Purchaser is not released from its liability hereunder, and (c) Purchaser provides written notice to Sellers’ Representative of any proposed assignment no later than ten (10) days prior to the Closing Date. As used herein, an affiliate is a person or entity controlled by, under common control with, or controlling another person or entity.
Appears in 6 contracts
Samples: Agreement for Purchase and Sale and Escrow Instructions (Consolidated Capital Properties Iv), Agreement for Purchase and Sale and Escrow Instructions (Shelter Properties Vi Limited Partnership), Agreement for Purchase and Sale and Escrow Instructions (Shelter Properties Vii LTD Partnership)
