Common use of Consequences of Buyer’s Early Termination Clause in Contracts

Consequences of Buyer’s Early Termination. Unless Buyer provides an Approval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the expiration of the Due Diligence Period. If Buyer provides a Disapproval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the giving of such notice. In the event of either of the foregoing, the parties shall be released from all further obligations under this Agreement (except with respect to any provisions that by their terms survive a termination of this Agreement). Escrow Agent shall pay the entire Deposit to Buyer not later than one (1) Business Day following termination of this Agreement. The Deposit shall be released and delivered to Buyer upon: 1) delivery of a Disapproval Notice by Buyer or Expiration of the Due Diligence Period without Buyer’s deliver of an Approval Notice; and 2) delivery of written notice by Buyer to Seller and Escrow Agent confirming termination of this Agreement and instructing cancellation of escrow.

Consequences of Buyer’s Early Termination. Unless Buyer provides an Approval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the expiration of the Due Diligence Period. If Buyer provides a Disapproval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the giving of such notice. In the event of either of the foregoing, the parties shall be released from all further obligations under this Agreement (except with respect to any provisions that by their terms survive a termination of this Agreement). Escrow Agent shall pay the entire Deposit (less the Independent Contract Consideration) to Buyer not later than one (1) Business Day following termination of this Agreement. The No notice to Escrow Agent from Seller shall be required for the release of the Deposit to Buyer by Escrow Agent under this Section, and the Deposit (less the Independent Contract Consideration) shall be released and delivered to Buyer upon: 1) delivery upon Escrow Agent’s receipt of a Disapproval Notice by Buyer or Expiration Buyer’s confirmation of termination of the Due Diligence Period without Buyer’s deliver of an Approval Notice; and 2) delivery of written notice Agreement pursuant to this Article III, despite any objection or potential objection by Buyer to Seller and Escrow Agent confirming termination of this Agreement and instructing cancellation of escrowSeller.

Consequences of Buyer’s Early Termination. Unless Buyer provides an Approval a DDP Waiver Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the expiration of the Due Diligence Period. If Buyer provides a Disapproval Termination Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the giving of such notice. In the event of either of the foregoing, the parties shall be released from all further obligations under this Agreement (except with respect to any provisions that by their terms survive a termination of this Agreement). Escrow Agent shall pay the entire Deposit to Buyer not later than one (1) Business Day following termination of this Agreement. The No notice to Escrow Agent from Seller shall be required for the release of the Deposit to Buyer by Escrow Agent under this Section, and the Deposit shall be released and delivered to Buyer upon: 1) delivery upon Escrow Agent’s receipt of a Disapproval Notice by Buyer or Expiration Buyer’s confirmation of termination of the Due Diligence Period without Buyer’s deliver of an Approval Notice; and 2) delivery of written notice Agreement pursuant to this Article 3, despite any objection or potential objection by Buyer to Seller and Escrow Agent confirming termination of this Agreement and instructing cancellation of escrowSeller.

Consequences of Buyer’s Early Termination. Unless Buyer provides an Approval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the expiration of the Due Diligence Period. If Buyer provides a Disapproval Notice to Seller pursuant to Section 3.5, this Agreement shall immediately terminate upon the giving of such notice. In the event of either of the foregoing, the parties shall be released from all further obligations under this RP / DP Initials Agreement (except with respect to any provisions that by their terms survive a termination of this Agreement). Escrow Agent shall pay the entire Deposit to Buyer not later than one (1) Business Day following termination of this Agreement. The No notice to Escrow Agent from Seller shall be required for the release of the Deposit to Buyer by Escrow Agent under this Section, and the Deposit shall be released and delivered to Buyer upon: 1) delivery upon Escrow Agent’s receipt of a Disapproval Notice by Buyer or Expiration Buyer’s confirmation of termination of the Due Diligence Period without Buyer’s deliver of an Approval Notice; and 2) delivery of written notice Agreement pursuant to this Article 3, despite any objection or potential objection by Buyer to Seller and Escrow Agent confirming termination of this Agreement and instructing cancellation of escrowSeller.