Additional Contingencies. (a) Subject to the terms of Section 3.4(b) below, Purchaser shall have an additional ninety (90) days after the expiration of the Inspection Period (the “Design Approval Period”) solely to obtain preliminary design approval of the proposed parking garage from the Las Colinas Association (the “Design Approval”). Purchaser represents that it will use commercially reasonable efforts to obtain the Design Approval, will propose a design that is substantially consistent with the previous design submitted by Seller and Purchaser will submit its proposed design for approval within forty-five (45) days of the Effective Date. Seller shall timely execute any instruments reasonably necessary in connection with the processing of any such approvals. Subject to the terms of this Agreement, Purchaser agrees that all other aspects of the Property and Property Documents are deemed approved by Purchaser as of the expiration of the Inspection Period and Purchaser shall have no right to terminate this Agreement during the Design Approval Period as a result of the condition of the Property or Property Documents.
(b) Purchaser shall have the right to negotiate leases directly with VHA/Novation and AMN Healthcare for the lease of space in the Property with an agent of Seller having the right to be present at all times during the negotiations and consulted regarding the scheduling of such negotiations, provided that such leases will not become effective until the Closing and such leases shall not be binding on Seller (such leases, together with the Design Approval, shall be referred to as the “Additional Contingencies”). Notwithstanding anything to the contrary set forth herein, Purchaser shall have an additional thirty (30) days after the expiration of the Inspection Period (“First Additional Contingency Period”) solely to complete the Additional Contingencies by giving written notice to Seller five days prior to the expiration of the Inspection Period. Notwithstanding anything to the contrary set forth herein, Purchaser shall have an additional thirty (30) days (“Second Additional Contingency Period”) after the expiration of the First Additional Contingency Period solely to complete the Additional Contingencies by giving written notice to Seller five days prior to the expiration of the First Additional Contingency Period. On the first day of the Second Additional Contingency Period Purchaser shall release $125,000 (“First Contingency Payment”) to Seller from the Xxxxxxx Money an...
Additional Contingencies. If by reason of the adoption after the Effective Date of any applicable law, treaty, rule or regulation, or any interpretation or administration after the Effective Date of any applicable law, treaty, rule or regulation by any governmental authority charged with the interpretation or administration thereof, or compliance by any Bank with any request or directive of such authority (whether or not having the force of law), the ability of the Agent to establish the Prime Rate shall be limited or restricted (other than by limitations or restrictions affecting the charging of interest generally), the Agent shall promptly provide notice thereof to the Borrowers and the Banks. Thereafter, the Company, the Agent and the Banks shall negotiate with a view to agreeing to a mutually acceptable alternative basis to make and maintain Floating Rate Loans. If an alternative basis is agreed upon within 30 days after the date of such notice, it shall apply in accordance with the terms of such agreement. If such alternative basis is not agreed upon within such 30-day period, the Borrowers shall on the 31st day after such notice is given repay in full the then-outstanding principal amount of each Floating Rate Loan so affected together with accrued interest thereon (computed at the rate applicable to such Floating Rate Loans immediately preceding the imposition of such limitations or restrictions for the period after such imposition) and, during the continuance of such circumstances, the Borrowers shall not be entitled to request Floating Rate Loans so affected pursuant to Section 3.1 or continuations of or conversions to Floating Rate Loans so affected pursuant to Section 3.5.
Additional Contingencies. This Agreement is contingent upon (i) Buyer’s obtaining a commitment for financing in an amount and upon terms satisfactory to Buyer in its sole discretion; and (ii) Buyer's obtaining any required governmental permits, approvals or consents relating to the operation of the Business.
Additional Contingencies. Buyer's obligation to purchase the Property is subject to Buyer's satisfaction or waiver, in writing, of the following conditions precedent, in Buyer's sole and absolute discretion, on or before the dates described below:
Additional Contingencies. This Contract is further contingent upon: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________
Additional Contingencies. This Agreement is further contingent on Purchaser’s ability to enter in an acceptable agreement within thirty (30) days of the Effective Date to purchase the properties located at 000 X. Xxxx Xxxxxx, Xxxxxxx, Xxxxxxxx (PIN 06-08-306-001) and the 000 X. Xxxx Xxxxxx, Xxxxxxx, Xxxxxxxx (PIN 00-00-000-000).
Additional Contingencies. A. All improvements and personal property that are owned by the owner and that are presently located on the property, excepting Recreational vehicles trailers, mobile homes and other items owned by tenants as personal property will be conveyed to buyer at closing.
B. Seller will assign all existing and valid rental or lease contracts, etc., in force with tenants to Buyer at closing. C. Sellers will assign all rental, xxxxx, xxxntenance etc. fees collected from tenants and other such persons, after March 31, 2001. ADDITIONAL CONTINGENCIES continues:
Additional Contingencies. This Lease contemplates that the form of SNDA and list of Title Exceptions will be attached as exhibits to the Lease. Since neither are available as of the Effective Date and the parties, nonetheless, desire to proceed with the execution of the Lease without such exhibits, the parties have executed this Lease with the understanding that Landlord will provide to Tenant a survey, a proposed list of Title Exceptions and a form of SNDA on or before September 10, 2009. Tenant shall thereafter have until the date that is five (5) business days following receipt of all such items from Landlord to review and approve, in writing, each such item, which approval shall not be unreasonably withheld, conditioned or delayed. Following Tenant’s written approval of each of the Title Exceptions, survey and SNDA, the items will be initialed by the parties hereto and incorporated into this Lease as the applicable exhibits hereto. If Tenant does not approve either or both of said forms of exhibits, Tenant may, on or before September 30, 2009, terminate the Lease upon not less than five (5) days written notice to Landlord, and in which event, all further rights and obligations of the parties hereunder will terminate except that Landlord shall, to the extent applicable, reassign the Option Agreement to Tenant or, if title to the Land has been previously conveyed to Landlord, convey the Land to Tenant and, in any such event, Landlord shall be responsible for all transfer taxes associated with such assignment and/or conveyance.
Additional Contingencies. This Contract is further contingent upon:
Additional Contingencies. Notwithstanding the foregoing, Purchaser’s obligation to purchase the Property is contingent on the following contingencies being satisfied prior to the closing:
F) In the event the above listed contingencies are not satisfied by the closing, Purchaser shall upon its request to terminate this Contract be entitled to a return of the Xxxxxxx Money.
