Governing Body Approval. The Board’s authorization to close on the Property is contingent upon approval given within twenty-eight (28) days after the expiration of the Inspection Period (“Governmental Approval Period”). In the event that the Board has not authorized Closing on the Property prior to the expiration of the Governmental Approval Period, then, in such event, upon written notice by Xxxxxxx to Seller, this Agreement shall terminate, whereupon the Deposit shall be returned to Greeley and neither Party shall have any further obligation to the other hereunder except for those obligations which, by their nature, are intended to survive the termination of this Agreement.
Governing Body Approval. Acceptance and approval of the Transactions and the Definitive Agreements and all related agreements by all necessary parties, including, without limitation, each Party’s governing board;
Governing Body Approval. Greeley’s obligation to purchase the Assets is subject to the City Council’s and the Greeley Water and Sewer Board’s (the “Governing Bodies”) authorization to close on the purchase and the appropriation of the Purchase Price at Closing for the acquisition of the Assets within sixty (60) days following the expiration of the Inspection Period (“Governmental Approval Period”). In the event that the Governing Bodies have not authorized the closing and appropriated Purchase Price at Closing for the acquisition of the Assets prior to the expiration of the Governmental Approval Period (unless extended by written agreement of the Parties), then, in such event, upon written notice by either Party to the other, this Agreement shall terminate, whereupon the Deposit shall be returned to Greeley pursuant to Section 13.3 (Failure of Condition) and neither Party shall have any further obligation to the other except as provided in Section 17.9 (Survival).
Governing Body Approval. It shall be a condition precedent to this Agreement’s effectiveness that entry into this Agreement between the City and the Private Entity for the Project pursuant to the terms hereof has first been approved by the Governing Body; that this Agreement has been properly executed by the City; and that the approved, executed Agreement has been delivered to the Private Entity no later than May 7, 2008; and
Governing Body Approval. This Agreement is not valid or an enforceable obligation against the District until approved or ratified by motion of the Walnut Creek City Council and District’s Board of Trustees duly passed and adopted.
Governing Body Approval. Xxxxxxx’x obligation to close on the Property is contingent upon (i) the Board’s authorization to close on the Property within twenty-eight (28) days after the expiration of the Inspection Period (“Governmental Approval Period”) and (ii) the Council’s appropriation of funds for the Purchase Price on or before the expiration of the Governmental Approval Period. In the event that the Board has not authorized Closing on the Property or the Council fails to appropriate funds for the Purchase Price prior to the expiration of the Governmental Approval Period, then, in such event, upon Xxxxxxx’x written notice to Seller, this Agreement shall terminate, whereupon the Deposit shall be returned to Greeley and neither Party shall have any further obligation to the other hereunder except for those obligations which, by their nature, are intended to survive the termination of this Agreement.
