First Study Period Cancellation Sample Clauses

First Study Period Cancellation. As to any particular Property, unless Buyer so notifies Seller or Escrow Agent, in writing, on or before the end of the First Study Period for such Property, of Buyer’s rejection or disapproval of such Property, then, Buyer shall be deemed to have approved such Property for the purposes of, and waived the contingencies set forth in, Section 7(a). For any Property that Buyer notifies Seller or Escrow Agent, in writing, on or before the end of the First Study Period of Buyer’s rejection or disapproval of such Property, this Agreement shall terminate with respect to such Property (each such Property, a “Removed Property”), the aggregate Purchase Price shall be reduced by the Purchase Price corresponding to each such Removed Property, the portion of the Xxxxxxx Money Deposit corresponding to such Removed Property (i.e., $20,000.00) plus all interest earned thereon shall be returned immediately to Buyer, and this Agreement shall continue in full force and effect with respect to the remaining Properties. Upon the expiration of the First Study Period, if a Property was not designated as a Removed Property, the Xxxxxxx Money Deposit for such Property or Properties ($20,000.00 plus any additional Xxxxxxx Money as may be paid for that Property) shall be nonrefundable to Buyer, except as provided in Sections 6(e), 7(e), 12, 19, and 20(a).
Sample 1
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First Study Period Cancellation. As to any particular Property, unless Buyer so notifies Seller or Escrow Agent, in writing, on or before the end of the First Study Period for such Property, of Buyer’s acceptance of such Property and unconditional waiver of the contingencies as set forth in Section 7(a) with respect to such Property, this Agreement shall terminate with respect to such Property (each such Property, a “Removed Property”), the aggregate Purchase Price shall be reduced by the Purchase Price corresponding to each such Removed Property, the portion of the Xxxxxxx Money Deposit corresponding to such Removed Property (i.e., $10,000.00) plus all interest earned thereon shall be returned immediately to Buyer, and this Agreement shall continue in full force and effect with respect to the remaining Properties.
Sample 1

Related to First Study Period Cancellation

  • Modification, Waiver, Termination and Cancellation No supplement, modification, termination, cancellation or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

  • Waiver; Termination No failure on the part of the Parent to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of the Parent in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The Parent shall not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of the Parent; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. If the Merger Agreement is terminated, this Agreement shall thereupon terminate.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Termination of Review If a Review is in process and the Notes will be paid in full on the next Payment Date, the Servicer will notify the Asset Representations Reviewer and the Indenture Trustee no less than ten days before that Payment Date. On receipt of notice, the Asset Representations Reviewer will terminate the Review immediately and will not be obligated to deliver a Review Report.

  • CONTRACT TERMINATION This Contract will terminate:

  • Regulatory Suspension and Termination (i) If the Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) (12 U.S.C. § 1818(e)(3)) or 8(g) (12 U.S.C. § 1818(g)) of the FDIA, the Employer’s obligations under this contract shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employer may in its discretion (A) pay the Executive all or part of the compensation withheld while their contract obligations were suspended and (B) reinstate (in whole or in part) any of the obligations which were suspended.

  • Termination After Change of Control In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE or is terminated by the EMPLOYEE as provided in Section 4(a)(ii) above, then the following shall occur:

  • Integration; Termination This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.

  • Termination for Change of Control At Sharp’s option, Sharp may terminate her employment within 90 days following a “Change of Control” which occurs during the term of this Agreement. For purposes of this Agreement, “Change of Control” shall mean any of the following: (i) Texas Petrochemicals, Inc., a Delaware corporation (“TPI”) is dissolved or is liquidated; (ii) TPI sells, leases or exchanges all or substantially all of its assets to any other person or entity; or (iii) any “person” (as that term is used in Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended), other than one or more of the persons who hold, beneficially and of record, shares of voting stock of TPI on January 8, 2007 (the “Permitted Holders”), is or becomes a beneficial owner (as defined in Rule 13c-3 and 13c-5 under the Securities Exchange Act of 1934, as amended, except that a person will be deemed to be a “beneficial owner” of all shares that such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than fifty percent (50%) of the total voting power of the then outstanding shares of Voting Stock of TPI, provided that the Permitted Holders beneficially own, directly or indirectly, in the aggregate a lesser percentage of the total voting power of the then outstanding shares of Voting Stock of TPI than such other person. Under such circumstances, Sharp shall be entitled to the severance benefits set forth in Section 4(d) and any benefits granted her in the Company’s Equity Plan.

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