Common use of Drafts Not an Offer Clause in Contracts

Drafts Not an Offer. The submission of a draft of this Agreement by one Party to another is not intended by either Party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the Property. The Parties will not be legally bound in any manner with respect to a purchase and sale of the Property unless and until each of Seller and Buyer have duly executed this Agreement and the Parties have delivered that fully executed Agreement to Escrow Agent.

Appears in 5 contracts

Samples: Agreement of Purchase and Sale (Modiv Industrial, Inc.), Agreement of Purchase and Sale (Generation Income Properties, Inc.), Agreement of Purchase and Sale (Cim Real Estate Finance Trust, Inc.)

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Drafts Not an Offer. The submission of a draft of this Agreement by one Party party to another is not intended by either Party party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the PropertyProperties. The Parties will not parties shall be legally bound in any manner with respect to a the purchase and sale of the Property unless Properties pursuant to the terms of this Agreement only if and until when each of Seller Contributor and Buyer Company have duly executed this Agreement and the Parties have delivered that fully executed Agreement and delivered to Escrow Agenteach other a counterpart of this Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Pillarstone Capital Reit), Lease Agreement (Whitestone REIT)

Drafts Not an Offer. The parties hereto agree that the submission of a draft of this Agreement by one Party party to another is not intended by either Party party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the PropertyAcquired Interests. The Parties will not parties shall be legally bound in any manner with respect to a the purchase and sale of the Property unless Acquired Interests only if and until when each of Seller and Buyer have duly executed party to this Agreement and the Parties have delivered that has fully executed Agreement and delivered to Escrow Agenteach other a counterpart of this Agreement.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Drafts Not an Offer. The submission of a draft of this Agreement by one Party to another is not intended by either Party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the Property. The Parties will not be legally bound in any manner with respect to a purchase and sale of the Property unless and until each of Seller and Agreement of Purchase and Sale Coyote Portfolio Buyer have duly executed this Agreement and the Parties have delivered that fully executed Agreement to Escrow Agent.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cim Real Estate Finance Trust, Inc.)

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Drafts Not an Offer. The submission of a draft of this Agreement by one Party to another is not intended by either Party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the Property. The Parties will not be legally bound in any manner with respect to a purchase and sale of the Property unless and until each of Seller and Buyer have duly executed and delivered this Agreement and the Parties have delivered that fully executed Agreement to Escrow AgentAgreement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cole Office & Industrial REIT (CCIT II), Inc.)

Drafts Not an Offer. The submission of a draft of this Agreement by one Party to another is not intended by either Party to be an offer to enter into a legally binding contract with respect to the purchase and sale of the PropertyMembership Interests. The Parties will not be legally bound in any manner with respect to a purchase and sale of the Property Membership Interests unless and until each of Seller and Buyer have duly executed this Agreement and the Parties have delivered that fully executed Agreement to Escrow Agent.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Colony Capital, Inc.)

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