Common use of No Implied Agreement Clause in Contracts

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 12 contracts

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (GCP Applied Technologies Inc.)

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No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both each of Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other partyparties. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both each of Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (BioMed Realty Trust Inc), Purchase and Sale Agreement (BioMed Realty Trust Inc)

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent Title Company or any broker or other Person to execute this Agreement.

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement (Excelsior Lasalle Property Fund Inc)

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller Seller, CBF or Purchaser shall arise unless and until this Agreement is fully executed by both Seller Seller, CBF and Purchaser. Once executed and delivered by Seller Seller, CBF and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Membership Interests Purchase and Sale Agreement (CBRE Realty Finance Inc)

No Implied Agreement. Neither Seller nor Purchaser Buyer shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and PurchaserBuyer, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser Buyer shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser Buyer shall arise unless and until this Agreement is fully executed by both Seller and PurchaserBuyer. Once executed and delivered by Seller and PurchaserBuyer, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both each of Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other partyParties. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both each of Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Senior Housing Properties Trust)

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both Seller and Purchaser. Once executed and delivered by Seller Xxxxxx and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent Title Company or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Option to Purchase Agreement

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No Implied Agreement. Neither Seller nor None of Sellers or Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller Sellers and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller Sellers or Purchaser shall arise unless and until this Agreement is fully executed by both each Seller and Purchaser. Once executed and delivered by Seller Sellers and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (STAG Industrial, Inc.)

No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until this Agreement is fully executed by both Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Boston Properties Inc)

No Implied Agreement. Neither Seller Sellers nor Purchaser shall have any obligations in connection with the transaction transactions contemplated by this Agreement unless both Seller Sellers and Purchaser, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller Sellers and Purchaser shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller Sellers or Purchaser shall arise unless and until this Agreement is fully executed by both Seller Sellers and Purchaser. Once executed and delivered by Seller Sellers and Purchaser, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Feldman Mall Properties, Inc.)

No Implied Agreement. Neither Seller nor Purchaser Buyer shall have any obligations in connection with the transaction contemplated by this Agreement unless both Seller and PurchaserBuyer, each acting in its sole discretion, elects to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final versions of this Agreement between Seller and Purchaser Buyer shall be deemed to create any binding obligations in connection with the transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser Buyer shall arise unless and until this Agreement is fully executed by both Seller and PurchaserBuyer. Once executed and delivered by Seller and PurchaserBuyer, this Agreement shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreementthem.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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