Notice of Transaction. Regardless of whether or not any Revenue Participation is due to County, City shall deliver written notice to County of each and every sale or future Long Term Lease for the Property or portion thereof within thirty (30) days after such transaction is consummated (“Notice of Transaction”). Such Notice of Transaction shall be accompanied by a statement by City certifying the amount of consideration paid or payable to City in connection therewith, the amount of Property conveyed and if the applicable transaction is an applicable Long Term Lease, then also other terms of such transaction such as the term, and all rental amounts due thereunder. At County’s request, City shall deliver copies of the purchase contract or applicable Long Term Lease within ten (10) business days after County’s request therefor.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement