Failure of Buyer’s Conditions. If any of the conditions to Buyer's obligations have not been satisfied (or deemed satisfied) on or before the Closing Date other than solely as a result of Seller's failure to comply with its obligations hereunder for a period in excess of 30 days after receipt of notice from Buyer of such failure (in which case, the provisions of Section 14.02 shall be applicable), and Buyer is otherwise in material compliance with the terms hereof, Buyer may exercise the remedy granted pursuant to Section 14.02(i) hereof.
Appears in 2 contracts
Samples: Lease Agreement (Felcor Suite Hotels Inc), Lease Agreement (Itt Corp /Nv/)
Failure of Buyer’s Conditions. If any of the ------------------------------ conditions to Buyer's obligations have not been satisfied (or deemed satisfied) on or before the Closing Date other than solely as a result of Seller's failure to comply with its obligations hereunder for a period in excess of 30 days after receipt of notice from Buyer of such failure (in which case, the provisions of Section 14.02 shall be applicable), and Buyer is otherwise in material compliance with the terms hereof, Buyer may exercise the remedy granted pursuant to Section 14.02(i) hereof.
Appears in 1 contract
Samples: American General Hospitality Corp
Failure of Buyer’s Conditions. If any of the ------------------------------ conditions to Buyer's obligations have not been satisfied (or deemed satisfied) on or before the Closing Date other than solely as a result of any Seller's failure to comply with its obligations hereunder for a period in excess of 30 days after receipt of notice from Buyer of such failure (in which case, the provisions of Section 14.02 shall be applicable), and Buyer is otherwise in material compliance with the terms hereof, Buyer may exercise the remedy granted pursuant to Section 14.02(i) hereof.
Appears in 1 contract
Samples: Contract for Purchase and Sale of Hotels (American General Hospitality Corp)
