Common use of SNDAs Clause in Contracts

SNDAs. As an accommodation and not a condition precedent to Closing, Seller shall cooperate with Buyer at no cost to Seller in order to obtain from tenants the form of Subordination, Non Disturbance and Attornment Agreement which may be required by Buyer’s lender (if applicable) signed and notarized by tenants, it being agreed that the failure to obtain any such agreements shall not excuse Buyer from its obligation to proceed to Closing hereunder.

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (FSP Phoenix Tower Corp), Purchase and Sale Agreement (Parkway Properties Inc)