Condition to Close of Escrow and Possible Return of Deposit Sample Clauses

Condition to Close of Escrow and Possible Return of Deposit. (a) The purchase and sale of the Loan by Seller to Buyer is expressly conditioned upon the concurrent close of escrow under that certain Purchase and Sale Agreement and Joint Escrow Instructions ("Property Agreement"), of even date herewith, between Fairchild Property Corpxxxxxxx, a California corporation ("FPC" or "Fairchild Property Corpxxxxxxx"), as seller, and Buyer, as buyer. Pursuant to the Property Agreement, FPC and Buyer are agreeing to a deed-in-lieu of foreclosure of the Property to be delivered by FPC to Buyer, conditioned upon the satisfaction of certain conditions set forth in the Property Agreement. Buyer shall not be obligated to purchase the Loan from Seller pursuant to this Agreement in the event Buyer, by the specific terms of the Property Agreement, is not required to purchase the Property from FPC. Seller shall not be obligated to sell the Loan to Buyer pursuant to this Agreement in the event FPC, by the specific terms of the Property Agreement, is not obligated to sell the Property to Buyer. The provisions of this Section 3(a) and/or any other section of this Agreement conditioning close of the Escrow upon close of the transaction contemplated by the Property Agreement shall not be interpreted as conditioning or excusing the wrongful or unauthorized failure of Seller, Buyer and/or FPC to perform their respective obligations under this Agreement and/or the Property Agreement. Certain contingencies under the Property Agreement for the benefit of Buyer must be satisfied or waived by the "Decision Date" or the "Title Decision Date", as such terms are defined in the Property Agreement and which definitions shall apply as well to the use of such terms in this Agreement.
Sample 1
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Related to Condition to Close of Escrow and Possible Return of Deposit

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • Deliveries at the Closing At the Closing:

  • CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE Sellers' obligation to sell the Shares and to take the other actions required to be taken by Sellers at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Sellers, in whole or in part):

  • Seller’s Deliveries at Closing At the Closing, Seller will deliver or cause to be delivered to Buyer:

  • Buyer’s Deliveries at Closing At the Closing, Buyer shall deliver to Seller the following:

  • Conditions Precedent at Closing Date The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, is subject to the satisfaction of each of the following conditions on or prior to the Closing Date:

  • Delivery at Closing At the Closing, the Company will deliver to the Purchaser a stock certificate registered in the Purchaser’s name, representing the number of Shares to be purchased by Purchaser hereunder, against payment of the purchase price therefore as indicated above.

  • CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE Buyer's obligation to purchase the Shares and to take the other actions required to be taken by Buyer at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Buyer, in whole or in part):

  • Deliveries at Closing At the Closing:

  • CONDITIONS PRECEDENT TO THE SELLER’S OBLIGATION TO CLOSE The Seller’s obligation to sell the Assets and to take the other actions required to be taken by the Seller at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by the Seller, in whole or in part, in writing):

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