Seller May Enter Into Management and Other Contracts Sample Clauses

Seller May Enter Into Management and Other Contracts. Xxxxx agrees that Seller may choose the first Managing Agent of the Project and sign a management contract on behalf of the Association with a term of not more than one year. Xxxxx further agrees that Seller may, but need not, choose the first resident manager, if any, of the Project and may, but need not, sign on behalf of the Association, a lease of a unit in the Project (which unit may, but need not, be owned by Seller) for the occupancy and use of the resident manager, if any. If Seller elects to lease a unit owned by Seller to the Association for the resident manager's use, Seller shall have the right to sell that unit to a third party purchaser, subject to the lease of the unit to the Association. Xxxxx agrees that, before Xxxxx's Condominium Unit Deed is recorded, Seller may enter into any other contracts or agreements on behalf of the Association if Seller thinks it would be desirable for the management, operation or maintenance of the Project.
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Seller May Enter Into Management and Other Contracts. Buyer agrees that Seller may choose the first managing agent of the Project and sign a management contract on behalf of the Association with a term of not more than one year. Buyer agrees that, before Buyer’s unit deed is recorded, Seller may enter into any other contracts or agreements on behalf of the Association if Seller deems it would be desirable for the management, operation or maintenance of the Project.
Sample 1

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