Common use of Allocation of Proceeds and Awards Clause in Contracts

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property upon the terms and conditions set forth herein and at the Closing:

Appears in 16 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Athenahealth Inc)

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Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property upon the terms and conditions set forth herein herein, and at the Closing:

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.), Purchase and Sale Agreement (NTS Realty Holdings Lp)

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof Commencement Date and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property upon the terms and conditions set forth herein and at the Closing:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the Property (or the remainder of the Property thereof) upon the terms and conditions set forth herein and at the Closing:

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Realty Capital Healthcare Trust Inc)

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property Interests upon the terms and conditions set forth herein and at the Closing:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)

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Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property Option upon the terms and conditions set forth herein and at the Closing, subject to the terms of the IBC Lease:

Appears in 1 contract

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

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date Effective Date hereof and this Agreement is not terminated as permitted pursuant to the terms of Section 12.113.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Property upon the terms and conditions set forth herein and at the applicable Closing:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Income Trust, Inc.)

Allocation of Proceeds and Awards. If a condemnation or casualty occurs after the date hereof and this Agreement with respect to such Facility is not terminated as permitted pursuant to the terms of Section 12.1, then this Agreement shall remain in full force and effect, Buyer shall acquire the remainder of the Facility and other Property upon the terms and conditions set forth herein and at the Closing:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brookdale Senior Living Inc.)

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