Conditions Precedent to Obligation of the Purchaser. The obligation of the Purchaser to close the purchase of the Property in accordance with this Agreement shall be subject to the fulfillment of the following conditions precedent, the failure of any of which shall entitle the Purchaser either to waive such condition or to terminate this Agreement in accordance with the terms hereof. If Purchaser elects to terminate this Agreement due to the failure of any condition listed herein, Purchaser shall so notify Seller in writing prior the Closing, in which event, the Deposit shall be returned to the Purchaser, and nether party hereto shall have a claim against the other under this Agreement, except as otherwise expressly set forth in this Agreement. If no such notice is given before the Closing, all conditions set forth herein shall be considered to have been satisfied or waived by Purchaser. Regardless of whether any such conditions are deemed to be so waived, Seller shall not, without the prior written consent of Purchaser, take any action or fail to take any action prior to the Closing that would adversely affect the satisfaction of any of such conditions as of the Closing Date. The conditions are as follows:
Appears in 4 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale, Agreement of Purchase and Sale
