Common use of Exercise, Waiver of Contingency Clause in Contracts

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.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Exercise, Waiver of Contingency. If Buyer p ur pu r s u a nt to n t t o the Inspections t i m e l y objects to obj e c t s t o 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.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Exercise, Waiver of Contingency. If Buyer p ur u r s u a nt to n t t o the Inspections I nsp e c t i o ns t i m e l y objects o b j e c t s to any an y condition of the Property by b y 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.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Exercise, Waiver of Contingency. If Buyer p ur s u a nt pursuant to the Inspections t i m e l y 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 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.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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