No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser and Seller.
Appears in 12 contracts
Samples: Agreement for Sale and Purchase of Hotel, Agreement for Sale and Purchase of Hotel (Carey Watermark Investors 2 Inc), Agreement for Sale and Purchase of Hotel (Carey Watermark Investors Inc)
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and Seller.
Appears in 9 contracts
Samples: Purchase and Sale Agreement (Hartman Short Term Income Properties XX, Inc.), Purchase and Sale Agreement (Behringer Harvard Opportunity REIT I, Inc.), Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller Receiver acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and SellerReceiver.
Appears in 8 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and Seller. Buyer understands and agrees that Seller shall have the right to continue to market the Property and/or to negotiate with other potential purchasers of the Property until the expiration of the Due Diligence Period and the satisfaction or waiver in writing of all conditions to the obligations of Buyer under this Agreement.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Retail Opportunity Investments Corp), Purchase and Sale Agreement (G Reit Inc), Agreement of Purchase and Sale (American Industrial Properties Reit Inc)
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser and Seller. Purchaser understands and agrees that Seller shall have the right to continue to market the Property and/or to negotiate with other potential purchasers of the Property until the satisfaction or waiver in writing of all conditions to the obligations of Purchaser under this Agreement.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Morgans Hotel Group Co.), Purchase and Sale Agreement (Ashford Hospitality Trust Inc), Purchase and Sale Agreement (Strategic Hotel Capital Inc)
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property Properties and/or obligations of the parties, and Purchaser Buyer and Seller Sellers acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and SellerSellers.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Netreit, Inc.)
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Xxxxx and Seller.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and SellerSeller (and all other parties hereto).
Appears in 1 contract
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser Buyer and Seller. Buyer understands and agrees that Seller shall have the right to continue to market the Property and/or to negotiate with other potential purchasers of the Property until the expiration of the Contingency Period and the satisfaction or waiver in writing of all conditions to the obligations of Buyer under this Agreement.
Appears in 1 contract
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser Buyer and Seller acknowledge that this Agreement shall be of no effect until it is duly executed and delivered by both Purchaser Buyer and Seller. From and after the date hereof until Closing (unless this Agreement is earlier terminated), Seller shall not enter into any other agreement, of any type or kind, for the purchase and sale of the Real Property.
Appears in 1 contract
No Reservation of Property. The preparation and/or delivery of unsigned drafts of this Agreement shall not create any legally binding rights in the Property and/or obligations of the parties, and Purchaser and Seller acknowledge that this Agreement shall be of no effect until it is duly executed by both Purchaser and Seller. From and after the date of this Agreement until its termination, Seller shall discontinue marketing the Property and negotiating with other potential purchasers of the Property.
Appears in 1 contract
Samples: Purchase and Sale Agreement (LaSalle Hotel Properties)
