Common use of Purchase of Property by Tenant Clause in Contracts

Purchase of Property by Tenant. If a Buyer/Tenant under a lease for which a commission is payable hereunder, its successors or assigns, or any agent, officer, employee or shareholder of a Buyer/Tenant purchases the Property, whether strictly in accordance with the terms of any option, right of first refusal, similar right or otherwise during (a) the term of the lease, (b) any extension thereof, or (c) within 180 days after the expiration thereof, then a sales commission shall be calculated and paid in accordance with the provisions of Paragraph 7a.

Appears in 3 contracts

Sources: Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership), Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership), Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership)