Condition to Seller's Obligation to Close Sample Clauses

Condition to Seller's Obligation to Close. The obligation of Seller to consummate the transactions contemplated hereby is subject to the fulfillment (or waiver by Seller) prior to or at the Closing of each of the following conditions:
Sample 1
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Condition to Seller's Obligation to Close. Seller shall have the right to terminate this Contract in the event Optibase Real Estate Miami, LLC, a Delaware limited liability company, an affiliated of Buyer, does not close upon the simultaneous purchase by Optibase Real Estate Miami, LLC, from ISU Properties, LP, an affiliate of Seller, of Unit 3302 at the Continuum, The North Tower, located at 00 Xxxxx Xxxxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx 00000, as well as the simultaneous purchase by Buyer from ISU Properties, LP of Units 214-S, 314-S, 414-S,1026-S and 1402-S at the Flamingo/South Beach. Closing of the above units within seven (7) business days of the first closing of the units shall be deemed a simultaneous purchase for the purpose of this Section. /s/ AP /s/ AS Buyer(s) Initials Seller(s) Initials
Sample 1
Condition to Seller's Obligation to Close. The continued accuracy in all material respects of the representations and warranties set forth in Section 13.6 shall be a condition precedent to Seller's obligation to close escrow on the Property. If any representation or warranty set forth in Section 13.6 shall not be correct in any material respect at or before Closing, the same shall constitute an incurable default by Purchaser pursuant to Section 11.1. 237547.5
Sample 1
Condition to Seller's Obligation to Close. The Seller's obligation to close the sale of the Subject Property is expressly contingent upon the approval by the Board of Directors of the Seller of the sale of the Subject Property by the Seller to the Buyer and the terms of this Agreement within fifteen (15) days after the Effective Date of this Agreement. The Seller shall deliver to the Buyer written evidence that such approval has been obtained within said fifteen (15) day period, and if the Seller fails to deliver to the Buyer such written evidence of approval within that period of time, such shall be conclusively deemed to constitute notice by the Seller that such approval cannot be obtained and the election by the Seller to terminate this Agreement in which event all Earnest Money then held by the Closing Agent shall be immediately rxxxxxxx to the Buyer and each party shall be thereafter fully released and discharged from any further obligation under this Agreement. If all the Buyer's Conditions as set forth herein are not met to the reasonable satisfaction of the Buyer or waived by the Buyer by the end of the Inspection Period, the Buyer shall have the right to elect to terminate this Agreement for cause by the delivery of a written notice of termination to the Seller and the Closing Agent setting forth the basis for termination, in which event all Earnest Money then held by the Closing Agent shall be immediately rxxxxxxx to the Buyer and each party shall be thereafter fully released and discharged from any further obligation under this Agreement. By the close of business on the first (1st) business day following the expiration of the Inspection Period, the Buyer shall deliver a written notice to the Seller and the Closing Agent of the Buyer's satisfaction or waiver of the Buyer's Conditions and the Buyer's right to elect to terminate this Agreement shall be of no further force or effect. If the Buyer fails to deliver the written notice of the satisfaction or waiver of the Buyer's Conditions to the Seller and the Closing Agent within the time herein provided, such shall constitute the election by the Buyer to terminate this Agreement without cause in which event all Earnest Money then held by the Closing Agent shall be immediately dxxxxxxxted to the Seller and each party shall be thereafter fully released and discharged from any further obligation under this Agreement. The election by the Buyer to terminate this Agreement pursuant to this Section 6 shall be deemed "for cause" (as such is used in ...
Sample 1

Related to Condition to Seller's Obligation to Close

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • 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):

  • Conditions to Buyer’s Obligation to Close The obligation of Buyer to consummate the transactions contemplated by this Agreement on the Closing Date shall be subject to the satisfaction of each of the conditions set forth in this SECTION 9, unless waived by Buyer:

  • Conditions To Seller's Obligation To Sell Seller's obligation to sell the Debentures is conditioned upon:

  • 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):

  • 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):

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • CONDITIONS PRECEDENT TO PURCHASER'S OBLIGATION TO CLOSE The Purchaser's obligation to pay the Consideration and to take the other actions required to be taken by the Purchaser 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 Purchaser, in whole or in part):

  • Conditions to Purchaser’s Obligation to Close The obligation of Purchaser to Close under this Agreement is subject to each of the following conditions (any one of which may, at the option of Purchaser, be waived in writing by Purchaser) existing on the date of this Agreement, or such earlier date as the context may require.

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

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