Additional Condition Precedent to Obligations of Purchaser Sample Clauses

Additional Condition Precedent to Obligations of Purchaser. Purchaser's obligation to consummate the Closing is also subject to and conditioned upon the condition that there shall have been no "material adverse change" (as hereinafter defined) between the expiration of the Inspection Period and the date of Closing not caused by Purchaser. As used herein, a "material adverse change" shall be limited to and include only a material adverse exception to the title to the Property, a material adverse change to the physical condition of the Property which materially and substantially impairs the Purchaser's use of the Property as an office building, or a material release of "hazardous materials" as the same shall be defined in the Loan Documents), in, on or under the Property, which in all cases did not exist prior to the expiration of the Inspection Period and that will not be cured or removed prior to Closing. In the event that Purchaser or Seller's Designated Employees becomes aware of a material adverse change, such party shall give the other party written notice thereof. Purchaser shall have three (3) business days following receipt of notice of the material adverse change to elect to either terminate this Agreement or waive the material adverse change. Failure of Purchaser to notify Seller in writing of such election within such three (3) business day period shall constitute Purchase's election to waive the material adverse change. If Purchaser gives notice to Seller in writing within such three (3) business day period of its election to eliminate the Agreement, then Seller shall have three (3) business days after receipt of such notice from Purchaser to give Purchaser written notice of Seller's intention to cure such objectionable condition on or before the Closing Date. If Seller notifies Purchaser within such three (3) business day period of its intention to cure, then the Agreement shall not terminate, but the Closing shall be extended up to but not in excess of thirty (30) days, as selected by Seller, during which period Seller may attempt to satisfy or remove the objectionable condition; provided, however, that if Seller satisfies or removes the objectionable condition to Purchaser's reasonable satisfaction, the Closing shall occur on the earlier to occur of the extended date for Closing selected by Seller for satisfaction or removal of the condition, or within ten (10) days of the satisfaction or removal of such condition; and provided, further, however, if Seller thereafter fails to remove or satisfy Purchas...
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Related to Additional Condition Precedent to Obligations of Purchaser

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser in whole or in part to the extent permitted by applicable Law):

  • Conditions Precedent to Obligation of Purchaser The obligation of Purchaser to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which may be waived by Purchaser in its sole discretion:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER The obligations of Buyer under this Agreement shall, at the option of Buyer, be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

  • Conditions Precedent to the Obligations of Purchaser The obligations of Purchaser to consummate the transactions contemplated by this Agreement are subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions, any of which may be waived in writing by Purchaser in its sole discretion:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF THE BUYER The obligations of the Buyer under this Agreement shall be subject to the satisfaction, at or prior to the Closing Date, of all of the following conditions, any one or more of which may be waived by the Buyer:

  • Conditions Precedent to Obligations of the Purchaser The obligation of the Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by the Purchaser in whole or in part to the extent permitted by applicable law):

  • Conditions to Obligation of Purchaser The obligation of Purchaser to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions Precedent to Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

  • Conditions Precedent to Obligations of Parties The respective obligations of each of the parties hereto hereunder are subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions:

  • Conditions to Obligations of Purchaser The obligations of Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment, at or prior to the Closing, of each of the following conditions:

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