Failure of Condition to Close of Escrow Sample Clauses

Failure of Condition to Close of Escrow. Except as provided in Section 6(a) or 6(b), in the event any of the conditions set forth in Section 6(a) or 6(b) are not timely satisfied or waived by the appropriate benefitted party, for a reason other than the default of Buyer or Seller, this Agreement shall terminate, and all other monies delivered to Escrow Holder by Buyer shall be immediately be returned to Buyer, and, except as otherwise provided herein, the parties shall have no further obligations hereunder.
Sample 1
AutoNDA by SimpleDocs
Failure of Condition to Close of Escrow. In the event any of the conditions set forth in Section 6(a) or 6(b) are not timely satisfied or waived by the appropriate benefited party, for a reason other than the default of Authority or Xxxxxxxx (the consequences of a failure of Close of Escrow as a result of a default by Authority or Xxxxxxxx are addressed in Section 18 of this Agreement), this Agreement shall terminate.
Sample 1
Failure of Condition to Close of Escrow. In the event any of the conditions set forth in Section 6(a) or (b) are not timely satisfied or waived by Buyer or Seller, as the case may be, for a reason other than the default of Buyer or Seller, as the case may be, this Agreement shall terminate, and if applicable, the Second Deposit (unless otherwise provided in this Agreement), and all interest accrued thereon, and all other monies delivered to Escrow Holder by Buyer shall be immediately be returned to Buyer, Buyer shall return to Seller any Documents and Materials and, except as otherwise provided herein, the parties shall have no further obligations hereunder. Buyer shall not be required to deliver to Seller any reports or analyses (prepared by Buyer or Buyer’s consultants or agents) concerning the Property, nor shall Buyer be required to deliver to Seller any document which is privileged or is otherwise legally protected from disclosure. The occurrence of the Close of Escrow shall constitute satisfaction of conditions set forth in Section 6(a) and (b) not otherwise specifically satisfied or waived by Buyer or Seller (except with respect to any intentional default or breach of this Agreement by Seller, in which event (and notwithstanding anything to the contrary contained herein), so long as Buyer has provided reasonable notice and opportunity to cure to Seller (if reasonably practicable) with respect to such intentional default or breach by Seller, Buyer may elect to close the subject transaction but may make a claim for actual damage to the condition of the Property incurred as a result of any such intentional default or breach of this Agreement by Seller; provided that any such claim shall be limited by the restrictions on claims of Buyer in connection with a breach of a Seller representation or warranty set forth in Subsections 14(q)(i) and (ii) of this Agreement.).
Sample 1
Failure of Condition to Close of Escrow. In the event any of the conditions set forth in Sections 13(a) or 13(b) are not timely satisfied or waived by the appropriate benefited party, for reasons other than the material default of Optionee or Optionor, this Agreement shall terminate, and the party shall have no further obligations hereunder except as specifically set forth in this Agreement.
Sample 1

Related to Failure of Condition to Close of Escrow

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE Buyer's obligation to purchase the Shares and to take the other actions required to be taken by Buyer at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Buyer, in whole or in part):

  • CONDITIONS PRECEDENT TO PURCHASER'S OBLIGATION TO CLOSE Purchaser’s obligation to purchase the Assets and to take the other actions required to be taken by Purchaser at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Purchaser, in whole or in part, in writing):

  • CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE Sellers' obligation to sell the Shares and to take the other actions required to be taken by Sellers at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Sellers, in whole or in part):

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • Conditions to Buyer’s Obligation to Close ‌ The obligations of Buyer to effect the transactions contemplated in this Agreement are subject to the satisfaction or waiver by Buyer on or prior to the Closing Date of each of the following conditions:

  • CONDITIONS PRECEDENT TO THE SELLER’S OBLIGATION TO CLOSE The Seller’s obligation to sell the Assets and to take the other actions required to be taken by the Seller at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by the Seller, in whole or in part, in writing):

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • BUYER’S CONDITIONS PRECEDENT TO CLOSING The obligation of Buyer to close the transactions contemplated by this Agreement is subject to the satisfaction at or prior to the Closing of each of the following conditions precedent (any and all of which may be waived by Buyer in writing):

  • Seller’s Conditions Precedent to Closing The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to fulfillment at or prior to the Closing of the following conditions, any one or more of which may be waived in writing by Seller:

Time is Money Join Law Insider Premium to draft better contracts faster.