FAILURE OF CONDITION TO CLOSE TO ESCROW. In the event any of the --------------------------------------- conditions set forth in ARTICLE IV are not timely satisfied or waived by the appropriate party benefitting by the conditions in question, for a reason other than the default of Buyer, this Agreement shall, at the option of the party benefitting by the conditions in question, terminate, the Xxxxxxx Money shall be returned to Buyer and, except as otherwise provided herein, the parties shall have no further obligations hereunder.
Appears in 6 contracts
Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
