Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one (1) day after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.
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Samples: Purchase and Sale Agreement (Price Reit Inc), Purchase and Sale Agreement and Escrow Instructions (Price Reit Inc), Purchase and Sale Agreement (Price Reit Inc)
Effect of Non-Material Taking. If prior to the Closing there is a non-material taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one (1) day after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Pacific Gateway Properties Inc), Purchase and Sale Agreement and Escrow Instructions (Pacific Gateway Properties Inc)
Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated by reason of such taking or threatened taking and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one two (12) day Business Days after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.
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Samples: Purchase and Sale Agreement (Ocwen Asset Investment Corp)
Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one (1) day 3 business days after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.. (f)
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Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one three (13) day days after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.. (f)
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Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase Price. Seller will deliver written notice to Escrow Holder and Buyer within one (1l) day after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (Price Reit Inc)
Effect of Non-Material Taking. If prior to the Closing there is a taking or threatened taking of a portion of the Property which is not material, (i) this Agreement may not be terminated and (ii) Seller will assign to Buyer Purchaser at the Closing all of Seller's rights in and to any condemnation award with respect to such non-material taking, and there will be no reduction in the Purchase PriceConsideration. Seller will deliver written notice to Escrow Holder and Buyer Purchaser within one (1) day after Seller receives notice of or otherwise becomes aware of any taking or threatened taking affecting the Property.
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