Common use of All or Nothing Basis Clause in Contracts

All or Nothing Basis. Subject to the terms and conditions of this Agreement, Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, all of the Interests and Property at Closing in consideration for the Purchase Price, as adjusted pursuant to the terms of this Agreement, set forth in this Agreement. Buyer acknowledges and agrees that other than as specifically set forth in this Agreement (a) the sale of the Property shall be on an “all or nothing” basis, (b) Buyer shall have no right, and Seller shall have no obligation, to exclude any portion of the Property from the Transaction, and (c) any termination of this Agreement shall constitute a termination of this Agreement as to all of the Property.

Appears in 1 contract

Samples: Hotel Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)

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All or Nothing Basis. Subject to the terms and conditions of this Agreement, Seller agrees Sellers agree to sell to Buyer, and Buyer agrees to purchase from SellerSellers, all of the Interests and property comprising the Property at Closing in consideration for the Purchase Price, as adjusted pursuant to the terms of this Agreement, Price set forth in this Agreement. Buyer acknowledges The parties acknowledge and agrees that other than agree that, except as specifically otherwise set forth in this Agreement Agreement, (a) the sale of the Property shall be on an “all or nothing” basis, ; (b) Buyer shall have no right, and Seller Sellers shall have no right or obligation, to exclude any portion of the Property from the TransactionTransactions (as defined below), and (c) any termination of this Agreement shall constitute a termination of this Agreement as to Buyer, all Sellers, and all of the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Washington Real Estate Investment Trust)

All or Nothing Basis. Subject to the terms and conditions of this Agreement, Seller agrees to sell to BuyerPurchaser, and Buyer Purchaser agrees to purchase from Seller, all of the Interests and Property Properties at Closing in consideration for the Purchase Price. Seller and Purchaser acknowledge and agree that, except as adjusted pursuant to the terms of otherwise provided in this Agreement, set forth in this Agreement. Buyer acknowledges and agrees that other than as specifically set forth in this Agreement (ai) the sale of the Property Properties shall be on an “all or nothing” basis, (bii) Buyer Purchaser shall have no right, and Seller shall have no obligation, to exclude any single Property or any portion of the Property thereof from the Transactiontransaction described in this Agreement, and (ciii) any termination of this Agreement shall constitute a termination of this Agreement as to all of the PropertyProperties.

Appears in 1 contract

Samples: Portfolio Acquisition Agreement (NorthStar Healthcare Income, Inc.)

All or Nothing Basis. Subject to the terms and conditions of this Agreement, Seller agrees Sellers agree to sell to Buyer, and Buyer agrees to purchase from SellerSellers, all of the Interests and Property Properties at Closing in consideration for the Purchase Price. Sellers and Buyer acknowledge and agree that, except as adjusted pursuant to the terms of otherwise provided in this Agreement, set forth in this Agreement. Buyer acknowledges and agrees that other than as specifically set forth in this Agreement (ai) the sale of the Property Properties shall be on an “all or nothing” basis, (bii) Buyer shall have no right, and Seller Sellers shall have no obligation, to exclude any single Property or any portion of the Property thereof from the Transactiontransaction described in this Agreement, and (ciii) any termination of this Agreement shall constitute a termination of this Agreement as to all of the PropertyProperties.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NorthStar Healthcare Income, Inc.)

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All or Nothing Basis. Subject to the terms and conditions of this Agreement, Seller agrees Sellers agree to sell to Buyer, and Buyer agrees to purchase from SellerSellers, all of the Interests and property comprising the Property at Closing in consideration for the Purchase Price, as adjusted pursuant to the terms of this Agreement, Price set forth in this Agreement. Buyer acknowledges and agrees that other than as specifically set forth in this Agreement (ai) the sale of the Property shall be on an “all or nothing” basis, (bii) Buyer shall have no right, and Seller Sellers shall have no obligation, to exclude any portion of the Property from the Transaction, and (ciii) any termination Termination of this Agreement shall constitute a termination Termination of this Agreement as to all of the Property.

Appears in 1 contract

Samples: Hotel Purchase and Sale Agreement (Starwood Real Estate Income Trust, Inc.)

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