Common use of BUYER’S RIGHT TO OBJECT OR CANCEL Clause in Contracts

BUYER’S RIGHT TO OBJECT OR CANCEL. If, upon Xxxxx’s investigation, inspections and reviews, the Buyer shall give written notice to the Seller of: 1) Removal of Contingencies, which indicates acceptance of the reports with NO OBJECTIONS. Objections to items in the report along with a copy of the report(s) by delivery to the Seller, in care of Seller’s Broker, if applicable, within the respective time frames. The Seller shall be given days (three (3) days if left blank) to cure the objections at the Seller’s expense or enter into a written agreement with the Buyer to have a dollar amount to be adjusted at closing, as a Seller’s expense. 2) If the Seller does not cure the objections and does not enter into a written agreement with the Buyer to have a dollar amount to be adjusted from the proceeds at closing as a Seller’s expense within the respective time frames, the Buyer may cancel and terminate this Contract and receive a refund of the xxxxxxx money by delivering written notice to the Seller, in care of Seller’s Broker, if applicable, as provided in Paragraph 27 within twenty-four (24) hours of the expiration of the time period specified in this provision.

Appears in 11 contracts

Samples: Oklahoma Uniform Contract of Sale of Real Estate, Farm and Ranch Contract, Farm and Ranch Contract

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BUYER’S RIGHT TO OBJECT OR CANCEL. If, upon Xxxxx’s investigation, inspections and reviews, the Buyer shall give written notice to the Seller of: 1) Removal of Contingencies, which indicates acceptance of the reports with NO OBJECTIONS. Objections to items in the report along with a copy of the report(s) by delivery to the Seller, in care of Seller’s Broker, if applicable, within the respective time frames. The Seller shall be given days (three (3) days if left blank) to cure the objections at the Seller’s expense or enter into a written agreement with the Buyer to have a dollar amount to be adjusted at closing, as a Seller’s expense. 2) If the Seller does not cure the objections and does not enter into a written agreement with the Buyer to have a dollar amount to be adjusted from the proceeds at closing as a Seller’s expense within the respective time frames, the Buyer may cancel and terminate this Contract and receive a refund of the xxxxxxx money by delivering written notice to the Seller, in care of Seller’s Broker, if applicable, as provided in Paragraph 27 22 within twenty-four (24) hours of the expiration of the time period specified in this provision.

Appears in 1 contract

Samples: Oklahoma Uniform Contract of Sale of Real Estate (Farm, Ranch, and Recreational Land)

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