Common use of Signage Removal Clause in Contracts

Signage Removal. Promptly after the Closing, Buyer shall “banner” or otherwise temporarily mask the portion of all signage containing the “Orion” name and the Orion half circle or “swoosh” logo, so as to indicate the new ownership, failing which upon five (5) days prior written notice, Seller may do so at Buyer’s expense. Within sixty (60) days after the Closing with respect to the main signage, and within ninety (90) days after the Closing with respect to the remaining signage, Buyer shall cause the portion of all signage containing the “Orion” name and such logo to be replaced, failing which Seller may remove such portion of the signage at Buyer’s expense upon fifteen (15) days prior written notice. The provisions of this Section shall survive the Closing without limitation.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Resource Real Estate Opportunity REIT II, Inc.)

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Signage Removal. Promptly after the Closing, Buyer shall “banner” or otherwise temporarily mask the portion of all signage containing the “Orion” name and the Orion half circle or “swooshPegasusname or logo, so as to indicate the new ownership, failing which upon five (5) days days’ prior written notice, any Seller may do so at Buyer’s expense. Within sixty (60) days after the Closing with respect to the main signage, and within ninety (90) days after the Closing with respect to the remaining signageClosing, Buyer shall cause the portion of all signage containing the “Orion” or “Pegasus” name and such logo to be replacedremoved, failing which any Seller may remove such portion of the signage at Buyer’s expense upon fifteen (15) days days’ prior written notice. The provisions of this Section shall survive the Closing without limitation.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)

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