FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS Sample Clauses

FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. In the event any one or more of the conditions to Seller's obligations are not satisfied or waived in whole or in part at any time prior to or as of the Closing, Seller, at Seller's option, shall be entitled to: (a) terminate this Agreement by giving written notice thereof to Purchaser, whereupon all moneys, if any, which have been delivered by Seller to Purchaser or the Title Company shall be immediately refunded to Seller and Seller shall have no further obligations or liabilities hereunder; or (b) proceed to Closing hereunder.
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FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. In the event any one or more of the conditions to Seller’s obligations are not satisfied or waived in whole or in part at any time prior to or as of the Closing, Seller, at Seller’s option, shall be entitled to: (a) terminate this Agreement with respect to the Property by giving written notice thereof to Purchaser; or (b) proceed to Closing hereunder.
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FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. If the conditions to Seller's obligations set forth in Section 6.3 are not satisfied or waived within sixty (60) days following the Effective Date, Seller, at Seller's option, shall be entitled to terminate this Agreement by giving written notice thereof to Purchaser, whereupon Seller shall have no further obligations or liabilities hereunder except as set forth herein. If Seller shall fail to give Purchaser written notice of its election to terminate as provided herein, then Seller's right to terminate hereunder shall be null and void. 21 ARTICLE VII
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FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. In the event all of the conditions precedent to Buyer's obligations to close have been satisfied and Seller is not in default of its obligations hereunder and any one or more of the conditions to Seller's obligation to close on the transaction contemplated hereunder are not completely satisfied prior to or as of the Closing, Seller, at Seller's option, may: (a) terminate this Agreement by giving written notice of termination to Buyer and the Parties shall have no further obligation to each other under this Agreement, other than the Buyer's Inspection Obligations (defined in SECTION 7.6), which shall continue until fully performed, and the Earnest Money shall be paid to Seller (provided, however the Earnest Xxxxx xhall be returned to Buyer if the conditions set forth xx XXXXIONS 5.1.6 or 5.1.7 are not satisfied ); or (b)
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FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. Subject to the provisions set forth in Section 7.3, in the event any one or more of the conditions to Sellers’ obligations are not satisfied in whole or in part prior to the Closing, and provided such event is not waived by Seller as contemplated by this Agreement, Seller shall give Purchaser notice of failure. Purchaser shall have a period of ten (10) days in which to cause such failure to be cured. If Purchaser is not able to cure such failure within such ten (10) day period, Sellers, at Sellers’ option, shall be entitled to: (a) terminate this Agreement by giving immediate written notice thereof to Purchaser on or prior to the Closing Date, upon which Purchaser shall receive a prompt refund of the Xxxxxxx Money (unless such the closing condition that is not satisfied is a closing condition set forth in Section 7.3(a) or Section 7.3 (b), and the satisfaction of such closing condition in Section 7.3(a) or Section 7.3(b) was within the discretion or control of Purchaser, in which event Sellers shall be entitled to proceed in accordance with Section 10.2(b)), and thereafter the Parties shall have no further obligations or liabilities hereunder other than those that expressly survive termination of this Agreement, or (b) waive the unsatisfied conditions and proceed to Closing without any reduction in the Purchase Price or other remedy. In the event that Sellers terminate this Agreement as contemplated above as a result of the fact that the condition set forth in Section 7.3(c) is not satisfied, Sellers shall reimburse Purchaser for all reasonable out-of-pocket expenses incurred by Purchaser in connection with the Transaction, not to exceed Four Hundred Thousand and No/100 Dollars ($400,000.00) in the aggregate.
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FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS. In the event (a) all of the conditions precedent to Buyer's obligations as set forth in ARTICLE 4 to close have been satisfied (other than the condition precedent set forth in SECTION 4.1.15); (b) Seller is not in default of its obligations hereunder; and (c) Buyer defaults in any one or more of the conditions to Seller's obligation to close on the transaction contemplated hereunder, Seller, at Seller's option and sole and exclusive remedy, may: (a) terminate this Agreement by giving written notice of such termination to Buyer and the Parties shall have no further obligation to each other under this Agreement and the Earnest Money shall be paid to Seller; (b) proceed to Closing and if Xxxxxx makes such election, Buyer shall be released of all liability in connection with those matters waived by Seller, except as set forth in ARTICLE 12.
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Related to FAILURE OF CONDITIONS TO SELLER'S OBLIGATIONS

  • Conditions to Seller’s Obligations The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • 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 Seller's Obligation To Sell Seller's obligation to sell the Debentures is conditioned upon:

  • Conditions to the Seller’s Obligations The obligations of the Seller to consummate the transactions contemplated hereunder on the Closing Date are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Conditions to the Buyer’s Obligations The obligations of the Buyer to consummate the transactions contemplated hereunder on the Closing Date are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Conditions to Buyer’s Obligations The obligation of Buyer to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Buyer’s Obligation Buyer’s obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to the Purchaser’s Obligations The obligations of the Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Purchaser in writing) of the following conditions as of the Closing Date:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

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