CONDITIONS PRECEDENT TO SELLER'S PERFORMANCE. Seller’s obligation to sell the Property is subject to the satisfaction of all the conditions set forth below in this Article 7, within the time periods specified. If any of these conditions are not satisfied within the stated applicable time period, Seller may terminate this Agreement and cancel the Escrow. In the event Seller terminates this Agreement pursuant to this Article or because Buyer is otherwise in breach of this agreement, the escrow funds shall be distributed to Seller as liquidated damages pursuant to Article 4 hereinabove. Seller may waive, in writing, any or all of the conditions, in whole or in part, without prior notice to Buyer.
Appears in 4 contracts
Samples: Purchase & Sale Agreement, Purchase & Sale Agreement, Purchase & Sale Agreement
