Common use of Disapproval Notice Clause in Contracts

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.

Appears in 3 contracts

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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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. 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.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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 expressly set forth herein.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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Disapproval Notice. Unless Buyer provides Seller with a written notice of its approval Disapproval Notice of the Property (an “Approval Notice”) prior to or on the expiration of the Due Diligence Period, Period (upon which Disapproval Notice this Agreement shall automatically terminate and the provisions of Section 3.6 shall apply. Notwithstanding anything herein to ) the contraryProperty, an Approval Notice Property Information and any other matter shall not be deemed to be a waiver by Buyer of any other rights of termination it may have as set forth hereinapproved.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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 Upon delivery of the Approval Notice, the Deposit shall become non-refundable, subject to the contrary, an Approval Notice shall not be deemed to be a waiver by Buyer of any Buyer’s other rights of termination it may have as termination, if any, set forth hereinin this Agreement.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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