Common use of Agreements Affecting the Property Clause in Contracts

Agreements Affecting the Property. Seller agrees that so long as this Agreement remains in force and effect, Seller will not sell, assign, lease, convey, or otherwise restrict, encumber, or grant any rights in, the Property, or any portion thereof (or any interest or estate therein) without the prior consent of Purchaser, which consent shall not be unreasonably withheld or delayed. In addition, Seller agrees that so long as this Agreement remains in force and effect, Seller will not apply for or consent to any zoning, land use, or development change or restriction with respect to the Property except as otherwise expressly permitted by this Agreement, without the prior consent of Purchaser.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Agreements Affecting the Property. Seller agrees that so long as this Agreement remains in force and effect, Seller will not sell, assign, lease, convey, or otherwise restrict, encumber, or grant any rights in, the Property, or any portion thereof (or any interest or estate therein) without the prior consent of Purchaser, which consent shall not may be unreasonably withheld by Purchaser for any or delayedno reason. In addition, Seller agrees that so long as this Agreement remains in force and effect, Seller will not apply for or consent to any zoning, land use, or development change or restriction with respect to the Property except as otherwise expressly permitted by this AgreementProperty, without the prior consent of Purchaser, which consent may be withheld by Purchaser for any or no reason.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Cleanspark, Inc.)