Common use of Service, Management and Employment Contracts Clause in Contracts

Service, Management and Employment Contracts. Seller shall not enter into any new service, property management or employment contract or extend, renew or replace any existing service, property management or employment contract in respect of the Property without Buyer's prior written consent (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Asset Investors Corp), Purchase and Sale Agreement (Asset Investors Corp), Purchase and Sale Agreement (Asset Investors Corp)

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Service, Management and Employment Contracts. Seller shall not enter into any new serviceinto, property management or employment contract or extend, renew or replace any existing service, property management or employment contract contracts in respect of the Property without Buyer's the prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable cancellable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property.Property and Seller shall immediately notify Buyer of any such entrance, extension, renewal or replacement

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Cytrx Corp), Purchase and Sale Agreement (Cytrx Corp), Purchase and Sale Agreement (Matrix Pharmaceutical Inc/De)

Service, Management and Employment Contracts. Seller shall not enter into any new serviceinto, property management or employment contract or extend, renew or replace any existing service, property management or employment contract contracts in respect of the Property without Buyer's prior written consent (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable cancelable without penalty or premium, upon not more than thirty (30) 30 days' notice from the owner of the PropertyProperty and Seller shall immediately notify Buyer of any such new, extended, renewed or replaced contract.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Gsi Lumonics Inc)

Service, Management and Employment Contracts. Seller shall not enter into any new serviceinto, property management or employment contract or extend, renew renew, or replace any existing service, property management management, or employment contract contracts in respect of the Property without Buyer's prior written consent (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable cancelable without penalty or premium, upon not more than thirty (30) 30 days' notice from the owner of the PropertyProperty and Seller shall immediately notify Buyer of any such new, extended, renewed, or replaced contract.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Scios Inc)

Service, Management and Employment Contracts. Seller Sellers shall not enter into any new service, property management or employment contract or extend, renew or replace any existing service, property management or employment contract in respect of any the Property Properties without Buyer's prior written consent (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable cancelable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the such Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)

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Service, Management and Employment Contracts. Seller shall not enter into any new serviceinto, property management or employment contract or extend, renew or replace any existing service, property management or employment contract contracts in respect of the Property without Buyer's the prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancel lable cancellable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)

Service, Management and Employment Contracts. Seller shall not enter into any new serviceinto, property management or employment contract or extend, renew or replace any existing service, property management or employment contract contracts in respect of the Property without Buyer's ’s prior written consent (which consent may be withheld in Buyer's ’s sole and absolute discretion), which would be binding on Buyer following the Closing, unless the same shall be cancel lable cancelable without penalty or premium, upon not more than thirty (30) 30 days' notice from the owner of the PropertyProperty and Seller shall immediately notify Buyer of any such new, extended, renewed or replaced contract.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Arena Pharmaceuticals Inc)

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