Common use of Approval Date Clause in Contracts

Approval Date. Notwithstanding anything contained in the Agreement to the contrary, the Approval Date is hereby extended to 5:00 Pacific Time on February 8, 2017. The extension of the Approval Date to February 8th is to permit Buyer, during such eleven (11) day extension period, to finish its review and due diligence with respect to the current flood zones applicable to the Property and pricing of flood insurance related thereto (together, the “Flood Condition”). Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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Approval Date. Notwithstanding anything contained in the Agreement to the contrary, the Approval Date is hereby extended to 5:00 Pacific Time on February 817, 2017. The extension of the Approval Date to February 8th 17th is to permit Buyer, during such eleven (11) day extension period, Buyer to finish its review and due diligence with respect to the current flood zones applicable to the Property and pricing of flood insurance related thereto (together, the “Flood Condition”). Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

Approval Date. Notwithstanding anything contained in the Agreement to the contrary, the Approval Date is hereby extended to 5:00 Pacific Time on February 815, 2017. The extension of the Approval Date to February 8th 15th is to permit Buyer, during such eleven (11) day extension period, Buyer to finish its review and due diligence with respect to the current flood zones applicable to the Property and pricing of flood insurance related thereto (together, the “Flood Condition”). Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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Approval Date. Notwithstanding anything contained in the Agreement to the contrary, the Approval Date is hereby extended to 5:00 Pacific Time on February 810, 2017. The extension of the Approval Date to February 8th 10th is to permit Buyer, during such eleven (11) day extension period, Buyer to finish its review and due diligence with respect to the current flood zones applicable to the Property and pricing of flood insurance related thereto (together, the “Flood Condition”). Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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