Expiration of Inspection Period. It is the intent of the parties that the right granted to Purchaser to terminate this Agreement shall expire upon the expiration of the Inspection Period, notwithstanding that the Title Review Period, the Cure Period or any election period may extend beyond the expiration of the Inspection Period. Accordingly, notwithstanding anything contained herein to the contrary, if Purchaser has not terminated this Agreement pursuant to Section 2.4(a) prior to the expiration of the Inspection Period, then Purchaser shall no longer have any right to terminate this Agreement under Section 2.4(a), and in such event Purchaser shall be bound to accept title to the Property under the conditions specified in Sections 2.4(x), 2.4(y) and 2.4(z) above.
Appears in 5 contracts
Samples: Purchase Agreement (Behringer Harvard Opportunity REIT II, Inc.), Purchase Agreement (Behringer Harvard Mid-Term Value Enhancement Liquidating Trust), Purchase Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
Expiration of Inspection Period. It is the intent of the parties that the right granted to Purchaser to terminate this Agreement under this Article II shall expire upon the expiration of the Inspection Period, notwithstanding that the Title Review Period, the Cure Period or any election period may extend beyond the expiration of the Inspection Period. Accordingly, notwithstanding anything contained herein to the contrary, if Purchaser has not terminated this Agreement pursuant to Section 2.4(a) 2.4 prior to the expiration of the Inspection Period, then Purchaser shall no longer have any right to terminate this Agreement under Section 2.4(a), and in such event event, Purchaser shall be bound to accept title to the Property under the conditions specified in Sections 2.4(x), 2.4(y) and 2.4(z) above.. 2.8
Appears in 1 contract
Samples: Purchase Agreement This Agreement (Hartman vREIT XXI, Inc.)
Expiration of Inspection Period. It is the intent of the parties that the right granted to Purchaser to terminate this Agreement shall expire upon the expiration of the Inspection Period, notwithstanding that the Title Review Period, the Cure Period or any election period may extend beyond the expiration of the Inspection Period. Accordingly, notwithstanding anything contained herein to the contrary, if Purchaser has not terminated this Agreement pursuant to Section 2.4(a) prior to the expiration of the Inspection Period, then Purchaser shall no longer have any right to terminate this Agreement under Section 2.4(a), and in such event Purchaser shall be bound to accept title to the Property under the conditions specified in Sections 2.4(x), 2.4(y) and 2.4(z) above.
Appears in 1 contract
Samples: Purchase Agreement (Hartman Short Term Income Properties XX, Inc.)
Expiration of Inspection Period. It is the intent of the parties that the right granted to Purchaser to terminate this Agreement shall expire upon the expiration of the Inspection Period, notwithstanding that the Title Review Period, the Cure Period or any election period may extend beyond the expiration of the Inspection Period. Accordingly, notwithstanding anything contained herein to the contrary, if Purchaser has not terminated this Agreement pursuant to Section section 2.4(a) prior to the expiration of the Inspection Period, then Purchaser shall no longer have any right to terminate this Agreement under Section section 2.4(a), and in such event Purchaser shall be bound to accept title to the Property under the conditions specified in Sections sections 2.4(x), 2.4(y) and 2.4(z) above.. PURCHASE AGREEMENT Exhibit 10.2
Appears in 1 contract
Samples: Purchase Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
