Failure of Mutual Closing Condition. If any Mutual Closing Condition is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Parties shall have no further rights or obligations under this Agreement, except for those that expressly survive termination.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
Failure of Mutual Closing Condition. If any of the Mutual Closing Condition Conditions is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Deposit shall be refunded to Purchaser in accordance with Section 3.2.4, and the Parties shall have no further rights or obligations under this Agreement, except for those that which expressly survive such termination.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Lincoln Educational Services Corp), Purchase and Sale Agreement (Lincoln Educational Services Corp), Purchase and Sale Agreement (Lincoln Educational Services Corp)
Failure of Mutual Closing Condition. If any the Mutual Closing Condition is not satisfied at ClosingClosing (subject to the adjournment rights described in Section 10.1), then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Deposit shall be refunded to Purchaser in accordance with the Deposit Escrow Agreement, and the Parties shall have no further rights or obligations under this Agreement, except for those that which expressly survive such termination.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Braemar Hotels & Resorts Inc.)
Failure of Mutual Closing Condition. If any Mutual Closing Condition is not satisfied at Closingby the Outside Closing Date, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case Party and the Parties shall have no further rights or obligations under this Agreement, except for those that expressly survive terminationtermination and provided that nothing herein shall relieve any Party of liability for any intentional breach of any provision of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Alpine Acquisition Corp.)
Failure of Mutual Closing Condition. If any of the Mutual Closing Condition Conditions is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Parties shall have no further rights or obligations under this Agreement, except for those that which expressly survive such termination.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Clearview Hotel Trust, Inc.)
