Exercise, Waiver of Contingency Sample Clauses

Exercise, Waiver of Contingency. If Buyer p ur s u a nt to the Inspections t i m e l y objects to any condition of the Property by the Inspection Contingency Deadline, then Buyer, at Buyer's sole option, may terminate this Agreement and neither Party shall have any further obligations to the other Party except as otherwise provided in this Agreement. Following Xxxxx's termination of this Agreement pursuant to this Section, and subject to the terms of Section 7.2.5 below, Seller will authorize the refund of the Deposit to Buyer, subject to Section 5.
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Exercise, Waiver of Contingency. If Buyer, pursuant to the Inspections, timely objects to any condition of the Property by the Inspection Contingency Deadline, then Buyer, at Buyer's sole option, may terminate this Agreement and neither Party shall have any further obligations to the other Party except as otherwise provided in this Section 7.2.4. Following Xxxxx's termination of this Agreement pursuant to this Section, and subject to the terms of Section 7.2.5 below, Seller will authorize the return of the Deposit to Buyer. If, for any reason, Buyer does not give Seller written notice of cancellation by 5:00 pm ET on the Inspection Contingency Deadline, TIME BEING OF THE ESSENCE, then Buyer shall conclusively be deemed to have: (a) completed and been satisfied with or waived the Inspections and any investigations and review of applicable documents and disclosures and removed all inspection-related contingencies; (b) elected to proceed with the transaction; and (c) assumed all liability, responsibility, and expense for repairs or corrections other than for items which Seller has otherwise agreed in writing to repair, correct or credit.
Sample 1
Exercise, Waiver of Contingency. If Buyer pu r s u a n t t o the Inspections t i m e l y obj e c t s t o any condition of the Property by the Inspection Contingency Deadline, then Buyer, at Xxxxx's sole option, may terminate this Agreement and neither Party shall have any further obligations to the other Party except as otherwise provided in this Agreement. Following Xxxxx's termination of this Agreement pursuant to this Section, and subject to the terms of Section 7.2.5 below, Seller will authorize the refund of the Deposit to Buyer, subject to Section 5.4. If, for any reason, Buyer does not give Seller written notice of cancellation by 5:00 pm ET on the Inspection Contingency Deadline, then Buyer shall conclusively be deemed to have: (a) completed the Inspections and any investigations and review of applicable documents and disclosures and removed all inspection- related contingencies; (b) elected to proceed with the transaction; and (c) assumed all liability, responsibility, and expense for repairs or corrections other than for items which Seller has otherwise agreed in writing to repair, correct or credit.
Sample 1

Related to Exercise, Waiver of Contingency

  • Waiver of Conditions The conditions to each of the parties' obligations to consummate the Merger are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law.

  • Waiver of Conditions Precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • WAIVER OF CONTRACTUAL RIGHT The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

  • When Delay Claim Deemed Waived Any claim to extend the Contract Time and Material Completion and Occupancy Date not made in writing to Owner within the above time periods shall be deemed waived and shall not thereafter be valid. In the case of a continuing delay as a result of a single event, only one claim submission is necessary.

  • F5 Waiver F5.1 The failure of either Party to insist upon strict performance of any provision of the Contract, or the failure of either Party to exercise, or any delay in exercising, any right or remedy shall not constitute a waiver of that right or remedy and shall not cause a diminution of the obligations established by the Contract.

  • Termination Conditions This Agreement terminates upon the earlier of any of the following events: 18.1. Podmínky ukončení platnosti smlouvy Platnost této smlouvy skončí, jakmile nastane kterákoliv z následujících událostí:

  • No Additional Waiver Implied by One Waiver In the event any agreement contained in this Site Lease should be breached by either party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive future compliance with any term hereof or any other breach hereunder.

  • NO WAIVER, RIGHTS AND REMEDIES No failure on the part of the Administrative Agent or any Secured Party or any assignee of any Secured Party to exercise, and no delay in exercising, any right or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies herein provided are cumulative and not exclusive of any rights and remedies provided by law.

  • F2 Waiver F2.1 The failure of either Party to insist upon strict performance of any provision of the Contract, or the failure of either Party to exercise, or any delay in exercising, any right or remedy shall not constitute a waiver of that right or remedy and shall not cause a diminution of the obligations established by the Contract.

  • NON-WAIVER OF DEFAULT The failure or delay by either party hereto to enforce or exercise at any time any of the rights or remedies or other provisions of this Agreement shall not be construed to be a waiver thereof, not affect the validity of any part of this Agreement or the right of either party thereafter to enforce each and every such right or remedy or other provision. No waiver of any default or breach of the Agreement shall be held to be a waiver of any other default and breach.

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