Failure of Conditions to Closing. (a) If Xxxxx is unable to timely satisfy (and Xxxxxx has not waived in writing) the conditions precedent to Seller’s obligation to effect the Closing, then such failure shall constitute a default hereunder, in which case, Seller shall have the right to terminate this Agreement by notice thereof to Buyer in accordance with the terms of this Agreement. If this Agreement is so terminated, then Seller shall be entitled to receive the Deposit and thereafter, neither party shall have any further obligations hereunder, except those expressly stated to survive the termination hereof.
Appears in 4 contracts
Samples: Real Property Purchase and Sale Agreement and Joint Escrow Instructions, Real Property Purchase and Sale Agreement and Joint Escrow Instructions, Real Property Purchase and Sale Agreement and Joint Escrow Instructions
Failure of Conditions to Closing. (a) If Xxxxx If, except as provided in 10.04(c), Purchaser is unable to timely satisfy (and Xxxxxx Seller has not waived in writing) the conditions precedent to Seller’s obligation to effect the Closing, then such failure shall constitute a default hereunder, in which case, Seller shall have the right to terminate this Agreement by notice thereof to Buyer Purchaser in accordance with the terms of this Agreement. If this Agreement is so terminated, then Seller shall be entitled to receive the Xxxxxxx Money Deposit and thereafter, neither party Party shall have any further obligations hereunder, except those expressly stated to survive the termination hereof, if any.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Avalon GloboCare Corp.)
