Common use of HUD Audit Clause in Contracts

HUD Audit. The Transferor Partnership shall have obtained written confirmation from HUD that the HUD Audit has been closed as to all findings such that as of Closing, the HUD Audit shall be closed and the Transferor Partnership shall have no liability whatsoever under the HUD Audit. In the event that any condition set forth in Section 17.01(a) through Section 17.01(g) hereinabove is neither satisfied nor waived by the BRI Partnership in writing, on or before the Closing Date, the BRI Partnership shall be entitled to terminate this Agreement by written notice given to the Transferor Agent within seven (7) days after such date, and, thereafter this Agreement shall be void and without recourse to all parties hereunder except for provisions which are expressly stated to survive termination of this Agreement.