Material Casualty or Condemnation. In the case of a casualty or condemnation which results a Material Loss with respect to the Real Property occurring on or after the Effective Date and prior to Closing, Buyer may at its sole discretion elect to terminate this Agreement in which event the Deposit shall be returned to Buyer and neither party shall have any further obligations hereunder except for the Covenants Surviving Termination. A "
Appears in 5 contracts
Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust), Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust), Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)
Material Casualty or Condemnation. In the case of a casualty or condemnation which results in a Material Loss with respect to the Real Property occurring on or after the Effective Date and prior to Closing, Buyer may at its sole discretion elect to terminate this Agreement in which event the Deposit shall be returned to Buyer and neither party shall have any further obligations hereunder except for the Covenants Surviving Termination. A "
Appears in 2 contracts
Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust), Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)
