Common use of Conditions Precedent to Buyer’s Obligation Clause in Contracts

Conditions Precedent to Buyer’s Obligation. Buyer’s obligation to perform under this Agreement is subject to and contingent upon the following described matters. In the event such conditions are not satisfied, Buyer may terminate this Agreement by written notice to Seller prior to Closing, and upon any such termination the Xxxxxxx Money shall immediately be returned to Buyer and this Agreement shall be null and void, except for the provisions hereof that expressly survive the termination of this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Agreement of Purchase and Sale (Inland Diversified Real Estate Trust, Inc.), Agreement of Purchase and Sale (Inland American Real Estate Trust, Inc.)

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Conditions Precedent to Buyer’s Obligation. Buyer’s 's obligation to perform under this Agreement is subject to and contingent upon the following described matters. In the event such conditions are not satisfied, Buyer may terminate this Agreement by written notice to Seller prior to Closing, and upon any such termination the Xxxxxxx Money shall immediately be returned to Buyer and this Agreement shall be null and void, except for the provisions hereof that expressly survive the termination of this Agreement.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale of Shopping Center (Inland Western Retail Real Estate Trust Inc), Agreement of Purchase and Sale (Inland Western Retail Real Estate Trust Inc)

Conditions Precedent to Buyer’s Obligation. Buyer’s obligation to perform under this This Agreement is subject to and contingent upon fulfillment of the following described mattersconditions. In the event such conditions are not satisfied, Buyer may terminate this Agreement by written notice to Seller and Escrow Agent prior to Closing, and upon any such termination the Xxxxxxx Money Deposit shall immediately be returned to Buyer and this Agreement shall be null and void, void except for the provisions hereof that expressly survive the termination of this Agreement.:

Appears in 1 contract

Samples: Purchase and Sale Contract (Inland Diversified Real Estate Trust, Inc.)

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Conditions Precedent to Buyer’s Obligation. Buyer’s 's obligation to perform under this Agreement is subject to and contingent upon satisfaction of the following described mattersmatters at or prior to Closing. In the event such conditions are not satisfiedsatisfied at or prior to Closing, Buyer may terminate this Agreement by written notice to Seller and Escrow Agent prior to Closing, and upon any such termination the Xxxxxxx Money (including any interest earned thereon) shall immediately be returned to Buyer and this Agreement shall be null and void, except for the provisions hereof that expressly survive the termination of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.)

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