Service, Management and Employment Contracts. Seller shall not enter into, extend, renew or replace any existing service, property management or employment contracts in respect of the Property without the prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the 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 (Matrix Pharmaceutical Inc/De), Purchase and Sale Agreement (Cytrx Corp)
Service, Management and Employment Contracts. Seller shall not enter intointo any new service, property management or employment contract or extend, renew or replace any existing service, property management or employment contracts contract in respect of the Property without the Buyer's prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable cancel lable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrance, extension, renewal or replacementProperty.
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)
Service, Management and Employment Contracts. Seller shall not directly or indirectly enter into, extend, extend or renew or replace any existing servicenew service contracts, property management or employment contracts in respect of the Property Property, without the prior written consent of Buyer (which consent may be withheld in 43 Buyer's sole and absolute discretion), unless the same shall be cancellable cancelable as of or before the Closing without penalty or premium (or, if said cancellation requires the payment of a penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property and Seller said penalty or premium shall immediately notify Buyer of any such entrance, extension, renewal or replacementbe paid by Seller).
Appears in 1 contract
Samples: Purchase and Sale Agreement (Price T Rowe Realty Income Fund Ii)
Service, Management and Employment Contracts. Seller shall not enter into, extend, renew or replace any existing service, property management or employment contracts in respect of the Property without the prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrance, extension, renewal or replacementProperty.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)
Service, Management and Employment Contracts. Seller shall not enter into, extend, renew or replace any existing service, property management or employment contracts in respect of the Property without the Buyer's prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable cancelable without penalty or premium, upon not more than thirty (30) 30 days' notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrancenew, extensionextended, renewal renewed or replacementreplaced contract.
Appears in 1 contract
Service, Management and Employment Contracts. Seller Sellers shall not enter intointo any new service, property management or employment contract or extend, renew or replace any existing service, property management or employment contracts contract in respect of any the Property Properties without the Buyer's prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable cancelable without penalty or premium, upon not more than thirty (30) days' notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrance, extension, renewal or replacementProperty.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)
Service, Management and Employment Contracts. Seller shall not enter into, extend, renew or replace any existing service, property management or employment contracts in respect of the Property without the Buyer’s prior written consent of Buyer (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 cancellable cancelable without penalty or premium, upon not more than thirty (30) 30 days' ’ notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrancenew, extensionextended, renewal renewed or replacementreplaced contract.
Appears in 1 contract
Service, Management and Employment Contracts. Seller shall not enter into, extend, renew renew, or replace any existing service, property management management, or employment contracts in respect of the Property without the Buyer's prior written consent of Buyer (which consent may be withheld in Buyer's sole and absolute discretion), unless the same shall be cancellable cancelable without penalty or premium, upon not more than thirty (30) 30 days' notice from the owner of the Property and Seller shall immediately notify Buyer of any such entrancenew, extensionextended, renewal renewed, or replacementreplaced contract.
Appears in 1 contract
