Common use of SNDAs Clause in Contracts

SNDAs. Upon the written request of Buyer, Seller agrees to forward to each tenant under any Lease, at no cost to Seller and solely as an accommodation to Buyer, a subordination, non-disturbance and attornment agreement in the form acceptable to Buyer (a “SNDA”). It is expressly understood and agreed that the receipt of one or more SNDAs in any form executed by Tenants shall not be a condition to Buyer’s obligation to proceed with the Closing under this Agreement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (FRP Holdings, Inc.)

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SNDAs. Upon Seller agrees that upon the written request of Buyer, Seller agrees shall deliver to forward to each tenant under any Lease, at no cost to Seller and solely as an accommodation to Buyer, a Tenants of the Property the form of subordination, non-disturbance and attornment agreement in the form acceptable to required by Buyer’s lender (if any), and fully completed by Buyer (a SNDASNDAs). It is expressly understood ) and agreed shall request that such tenants execute and return the receipt of one or more SNDAs in any form executed by Tenants prior to Closing; provided, however, that it shall not be a condition to BuyerClosing that Seller deliver to Buyer the executed SNDAs and Seller’s obligation failure to proceed with deliver the Closing executed SNDAs to Buyer shall not constitute a default by Seller under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Strategic Opportunity REIT, Inc.)

SNDAs. Upon the written request of Buyer, Seller agrees to forward to each tenant under any Leaseshall request, at no material cost or expense to Seller Seller, the tenants execute a subordination and solely as an accommodation to Buyer, a subordination, non-disturbance and attornment agreement in the form acceptable to requested by Buyer (a an “SNDA”). It is expressly understood ) and agreed that the Seller shall deliver to Buyer any executed SNDA upon receipt of one or more SNDAs in any form executed by Tenants same. Seller’s failure to obtain an SNDA from the tenants shall not constitute a default by Seller hereunder or be a condition precedent to Buyer’s obligation to proceed with the Closing under this AgreementClosing.

Appears in 1 contract

Samples: Special Warranty Deed (CIM Commercial Trust Corp)

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SNDAs. Upon Seller agrees that upon the written request of Buyer, Seller agrees shall use commercially reasonable efforts to forward deliver to each tenant under any Lease, at no cost to Seller and solely as an accommodation to Buyer, a tenants of the Property the form of subordination, non-disturbance and attornment agreement in the form acceptable to Buyer required by Buyer’s lender (a if any) (SNDASNDAs”). It is expressly understood , provided that Buyer fully prepares each SNDA for such delivery, and agreed shall request that such tenants execute and return the receipt of one or more SNDAs in any form executed by Tenants prior to Closing; provided, however, that it shall not be a condition to BuyerClosing that Seller deliver to Buyer the executed SNDAs and Seller’s obligation failure to proceed with deliver the Closing executed SNDAs to Buyer shall not constitute a default by Seller under this Agreement.

Appears in 1 contract

Samples: Lease Agreement (KBS Strategic Opportunity REIT II, Inc.)

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