Leasing of Property. From the Effective Date through and including the Closing Date, Seller agrees not to enter into any new leases, or amend, terminate or accept the surrender of any existing tenancies, without the prior consent of Purchaser, except in conformance with Seller’s current leasing practices.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Preferred Apartment Communities Inc), Purchase and Sale Agreement (Preferred Apartment Communities Inc)
Leasing of Property. From and after the Effective Date and through and including the Closing Date, Seller agrees to not to enter into any new leases, or amend, terminate or accept the surrender of any existing tenanciestenancies (except as provided under the terms of existing Leases), or directly or indirectly grant any rental concessions to any present or future tenant of the Property, without the prior written consent of PurchaserBuyer, except in conformance with Seller’s current leasing practiceswhich shall not be unreasonably withheld or delayed.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Cottonwood Communities, Inc.)