Common use of Real Property Consents Clause in Contracts

Real Property Consents. The Company shall have obtained the written consent to assignment of each landlord with whom the Company or any of its subsidiaries has a lease of real property which, by its terms, requires consent, and the written consent of such landlords shall have been received by the Buyer. Alternatively, the Company shall have delivered a waiver from each such landlord of any provision contained in any of such leases which would require the landlord's consent upon any assignment of the lease. Buyer shall have received notice from the Company by the Closing Date, identifying any landlord that has not given any necessary consent as of such date.

Appears in 1 contract

Sources: Merger Agreement (Integrated Health Services Inc)

Real Property Consents. The Company shall have obtained used its best efforts to obtain the written consent to assignment of each landlord with whom the Company or any of its subsidiaries has a lease of real property which, by its terms, requires consent, and the written consent of such landlords shall have been received by the Buyer. Alternatively, the Company shall have delivered a waiver from each such landlord of any provision contained in any of such leases which would require the landlord's consent upon any assignment of the lease. Buyer shall have received notice from the Company by the Closing Date, identifying any landlord that has not given any necessary consent as of such date.

Appears in 1 contract

Sources: Assets Purchase Agreement (Integrated Health Services Inc)