Common use of Binding Effect of Contract Clause in Contracts

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 14 contracts

Samples: Purchase and Sale Contract (Rodin Global Property Trust, Inc.), Purchase and Sale Contract (National Property Investors 6), Purchase and Sale Contract (National Property Investors 6)

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Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 11 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Century Properties Growth Fund Xxii), Purchase and Sale Contract (Century Properties Fund Xix)

Binding Effect of Contract. This Contract shall not be binding on either any party until executed by both Purchaser and Sellerall Sellers. Neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller Sellers and Purchaser, and their respective successors successors, and permitted assigns.

Appears in 7 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Shelter Properties v Limited Partnership), Purchase and Sale Contract (Consolidated Capital Properties Iv)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 5 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 2), Purchase and Sale Contract (Davidson Income Real Estate Lp), Purchase and Sale Contract (Davidson Growth Plus Lp)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither As provided in Section 2.3.5 and Section 9.3 above, neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 5 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 3), Purchase and Sale Contract (Consolidated Capital Growth Fund), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither As provided in Section 2.3.5 and Section 9.3 above, neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 4 contracts

Samples: Purchase and Sale Contract (Oxford Residential Properties I LTD Partnership), Purchase and Sale Contract (VMS National Properties Joint Venture), Purchase and Sale Contract (VMS National Properties Joint Venture)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors successors, heirs and permitted assigns.

Appears in 3 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Consolidated Capital Institutional Properties), Purchase and Sale Contract (Consolidated Capital Institutional Properties)

Binding Effect of Contract. This Contract shall not be binding on either any party until executed by both Purchaser and all Seller. Neither the The Escrow Agent’s nor the Broker’s execution of this Contract shall not be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Universal Technical Institute Inc), Purchase and Sale Contract (Universal Technical Institute Inc)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors successors, heirs and permitted assigns.

Appears in 2 contracts

Samples: Purchase and Sale Contract (Consolidated Capital Growth Fund), Purchase and Sale Contract (Consolidated Capital Institutional Properties)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither As provided in Section 2.3.5 above, neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.13.2

Appears in 1 contract

Samples: Purchase and Sale Contract (Wellsford Real Properties Inc)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors successors, heirs and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Davidson Growth Plus Lp)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.314.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xiv)

Binding Effect of Contract. This Contract shall not be binding on either any party until executed by both Purchaser and Sellerall Sellers. Neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller Sellers and Purchaser, and their respective successors successors, heirs and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Davidson Diversified Real Estate Ii Limited Partnership)

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Binding Effect of Contract. This Contract shall not be binding on either any party until executed by both Purchaser and Sellerall Sellers. Neither the As provided in Section 2.3.5 and Section 9.3, neither Escrow Agent’s 's nor the any Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Growth Fund Xxii)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xix)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the The Escrow Agent’s nor the Broker’s execution of this Contract shall not be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Black Creek Diversified Property Fund Inc.)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither As provided in Section 2.5.5 and Section 11.3, neither the Escrow Agent’s 's nor the Broker’s 's execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Vail Resorts Inc)

Binding Effect of Contract. This Contract shall not be binding on either party until executed by both Purchaser and Seller. Neither the Escrow Agent’s nor the Broker’s Brokers’ execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties 2)

Binding Effect of Contract. This Contract shall not be binding on either any party until executed by both Purchaser and Seller. Neither As provided in Section 2.3.5 and Section 9.3 above, neither the Escrow Agent’s nor the Broker’s execution of this Contract shall be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties)

Binding Effect of Contract. This Contract shall not be binding on either party any Party until executed by both Purchaser and Sellerall Sellers. Neither the Escrow Agent’s nor the Broker’s execution of this Contract shall not be a prerequisite to its effectiveness. Subject to Section 13.3, this Contract shall be binding upon and inure to the benefit of Seller Sellers and Purchaser, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Purchase and Sale Contract (DC Industrial Liquidating Trust)

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