Disapproval Notice Clause Samples
A Disapproval Notice clause establishes the process by which one party formally notifies the other of its rejection or non-acceptance of a submitted item, action, or proposal under the contract. Typically, this clause outlines the required format, timing, and method for delivering such notice, and may specify the reasons for disapproval or the steps required for resubmission or correction. Its core function is to ensure clear communication regarding dissatisfaction or non-compliance, thereby providing a structured mechanism for addressing issues and facilitating resolution within the contractual relationship.
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Disapproval Notice. Unless Buyer provides Seller with a written notice of its approval of the Property (an “Approval Notice”) prior to or on the expiration of the Due Diligence Period, this Agreement shall automatically terminate and the provisions of Section 3.6 shall apply. Upon Buyer’s delivery of the Approval Notice, Buyer shall be deemed to have approved all matters related to the condition of the Property barring any material adverse changes to the physical condition of the Property or to the Leases or Loan prior to Closing. Except in the event of failure of the Loan Assumption Condition, or in the event of Seller’s default, or as may be otherwise expressly provided in this Agreement, the Deposit and Additional Deposit shall become non-refundable to Buyer.
Disapproval Notice. Unless Buyer provides Seller with a written notice of its approval of the Property (an “Approval Notice”) prior to or on the expiration of the Due Diligence Period, this Agreement shall automatically terminate and the provisions of Section 3.6 shall apply. Notwithstanding anything herein to the contrary, an Approval Notice shall not be deemed to be a waiver by Buyer of any other rights of termination it may have as set forth herein.
Disapproval Notice. Unless Buyer provides Seller with a written notice of its approval of the Property (“Approval Notice”) prior to or on the expiration of the Due Diligence Period, this Agreement shall automatically terminate and the provisions of Section 3.6 shall apply. Notwithstanding anything herein to the contrary, an Approval Notice shall not be deemed to be a waiver by Buyer of any other rights of termination it may have as set forth herein. In the event that Buyer terminates any Seller Affiliate Purchase Agreement on or prior to the expiration of the Due Diligence Period, such termination shall automatically act as a termination hereunder without the need for any further action on the part of any party. For the avoidance of doubt, a written notice provided by Buyer that terminates a Seller Affiliate Purchase Agreement shall act as a Disapproval Notice hereunder and Buyer shall not be required to provide a separate Disapproval Notice to effect the termination of this Agreement pursuant to this Section. The parties acknowledge and agree that the Closing on the Property must occur at the same time and is contingent upon, the Closing under all of the Seller Affiliate Purchase Agreements.
Disapproval Notice. Buyer shall not have delivered a Disapproval Notice on or prior to the expiration of the Review Period.
Disapproval Notice. 5(d) Disapproved Exceptions................................... 4(b) Disapproved Property..................................... 5(d) Due Diligence Materials.................................. 6(c) Due Diligence Period..................................... 5(a) Environmental Laws....................................... 8(a) Escrow Company........................................... 3(b) Execution Date........................................... 1
Disapproval Notice. Unless Buyer provides Seller and Escrow Agent with a written notice of its approval of the Property (“Approval Notice”) prior to or on the expiration of the Due Diligence Period, this Agreement shall automatically terminate at 5:00 p.m. (California time) on the last day of the Due Diligence Period and the provisions of Sections 3.6 shall apply. Notwithstanding anything herein to the contrary, an Approval Notice shall not be deemed to be a waiver by Buyer of any other rights of termination it may have as set forth herein.
Disapproval Notice. The term “Disapproval Notice” has the meaning given in Section 3.3.
Disapproval Notice. See § 2.2(d)(iii).
Disapproval Notice. Unless Buyer provides Seller with a written notice of its approval of the Property (an “Approval Notice”) prior to or on the expiration of the Due Diligence Period, this Agreement shall automatically terminate and the provisions of Section 3.6 shall apply. Notwithstanding anything herein to the contrary, an Approval Notice shall not be deemed to be a waiver by Buyer of any other rights of termination it may have as set forth herein. To the extent that Buyer issues an Approval Notice, it shall also be deemed that Buyer’s Board of Directors have approved this transaction thereby satisfying the condition precedent set forth in Section 5.4.8 of this Agreement.
Disapproval Notice. Buyer shall provide to Seller and Escrow Holder written notice of Buyer's disapproval or conditional approval of a Buyer's Contingency on or before the date set forth herein for satisfaction of such Buyer's Contingency ("Buyer's Contingency Disapproval Notice"). If Seller and Escrow Holder have not received a Buyer's Contingency Disapproval Notice on or before the date set forth herein for satisfaction of a Buyer's Contingency, then it shall be conclusively deemed that Buyer has approved of such Buyer's Contingency. Buyer's conditional approval of any of Buyer's Contingencies shall be deemed Buyer's disapproval of such Buyer's Contingency. Any conditional approval or disapproval by Buyer of a Buyer's Contingency shall be in writing and shall describe in detail the reasons for such disapproval.