Failure of Specified Conditions Precedent Sample Clauses

Failure of Specified Conditions Precedent. (a) Notwithstanding anything to the contrary provided in Paragraph 11 of the Purchase Agreement or in any of the Other Agreements, in the event that the Condition Precedent set forth in Paragraph 6(g) of the Purchase Agreement (as amended hereby) is not satisfied, Purchaser shall have the right in its sole and absolute discretion to terminate this Agreement as to the Walnut Oaks Constituent Parcel only, in which event this Agreement shall be amended to delete all references to such Constituent Parcel, the portion of the Deposit allocated to such Constituent Parcel shall be immediately returned to Purchaser, the Purchase Price shall be reduced by the amount allocated to such Constituent Parcel as set forth on Schedule 4 to the Purchase Agreement, and the Purchase Agreement and the Other Agreements shall otherwise remain in full force and effect.
Sample 1
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Failure of Specified Conditions Precedent. Notwithstanding anything to the contrary provided in Paragraph 11 of the Purchase Agreement or in any of the Other Agreements, in the event that the Condition Precedent set forth in Paragraph 6(f) of the Purchase Agreement (as amended hereby) is not satisfied, Purchaser shall have the right in its sole and absolute discretion to terminate this Agreement, in which event the Deposit shall be immediately returned to Purchaser, but the Other Agreements shall otherwise remain in full force and effect.
Sample 1

Related to Failure of Specified Conditions Precedent

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

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

  • Purchaser’s Conditions Precedent Except as may be waived in writing by Purchaser, the obligations of Purchaser hereunder are subject to the fulfillment at or prior to the Closing of each of the following conditions:

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

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Further conditions precedent The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

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