Common use of HOUR CLAUSE Clause in Contracts

HOUR CLAUSE. Should the Seller at any time prior to the fulfilment of all Suspensive Conditions receive another offer to purchase the Property, which offer it, in its sole discretion, finds more acceptable and wishes to accept, then the Purchaser herein shall be notified of such fact in writing and shall have 72 (Seventy Two) hours from time of receipt of such notice to waive in writing the benefit of all suspensive conditions in this Agreement thereby binding himself/herself unconditionally to purchase the Property failing which this Agreement shall automatically lapse and be of no force or effect.

HOUR CLAUSE. Should the Seller at any time prior to the fulfilment of all Suspensive Conditions any suspensive conditions, if applicable, receive another unconditional cash offer to purchase the Property, which offer it, he/she in its sole discretion, his/her discretion finds more acceptable acceptable, and wishes to accept, accept then the Purchaser herein shall be notified of such fact in writing and shall have 72 (Seventy Twoseventy two) hours from the time of receipt of such notice notice, to waive in writing the benefit of all suspensive conditions in this Agreement Agreement, thereby binding himself/herself the Purchaser unconditionally to purchase the Property Agreement, failing which this which, the Agreement shall automatically will lapse and be of no further force or and effect.