Common use of No Right of Termination Clause in Contracts

No Right of Termination. Purchaser acknowledges and agrees that the right to enter and inspect and examine the Property and communicate with Tenants pursuant to Article V has been given to Purchaser solely as an accommodation to Purchaser in connection with Purchaser’s contemplated ownership and operation of the Property following the Closing. Prior to the expiration of the Inspection Period, Purchaser shall conduct such inspections, examinations, tests, evaluations and assessments of the Property as Purchaser deems necessary, appropriate and prudent (subject to the provisions of this Article V) and Purchaser shall have no right to terminate this Agreement after the end of the Inspection Period based upon the results of any inspections, examinations, tests, evaluations or assessments.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (KBS Real Estate Investment Trust II, Inc.), Agreement of Sale and Purchase (KBS Real Estate Investment Trust II, Inc.)

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No Right of Termination. Purchaser acknowledges and agrees that the right to enter and inspect and examine the Property and communicate with Tenants pursuant to Article V has been given to Purchaser solely as an accommodation to Purchaser in connection with Purchaser’s 's contemplated ownership and operation of the Property following the Closing. Prior to the expiration execution and delivery of the Inspection Periodthis Agreement, Purchaser shall conduct has already conducted such inspections, examinations, tests, evaluations and assessments of the Property as Purchaser deems deemed necessary, appropriate and prudent (subject to the provisions of this Article V) and Purchaser shall have no right to terminate this Agreement after the end of the Inspection Period based upon the results of any inspections, examinations, tests, evaluations or assessmentsassessments conducted after the date hereof.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Maguire Properties Inc), Agreement of Sale and Purchase (Maguire Properties Inc)

No Right of Termination. Purchaser acknowledges and agrees that the right to enter and inspect and examine the Property and communicate with the Tenants pursuant to Article V has been given to Purchaser solely as an accommodation to Purchaser in connection with Purchaser’s 's contemplated ownership and operation of the Property following the Closing. Prior to the expiration of the Inspection Period, Purchaser shall conduct such inspections, examinations, tests, evaluations and assessments of the Property as Purchaser deems deemed necessary, appropriate and prudent (subject to the provisions of this Article V) and Purchaser shall have no right to terminate this Agreement after the end of the Inspection Period based upon the results of any such inspections, examinations, tests, evaluations or assessmentsassessments after the expiration of the Inspection Period.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Franklin Street Properties Corp /Ma/)

No Right of Termination. Purchaser acknowledges and agrees that the right to enter and inspect and examine the Property Property, each Group Company and communicate with Tenants their respective properties and assets and review the Documents pursuant to this Article V has been given to Purchaser solely as an accommodation to Purchaser in connection with Purchaser’s contemplated ownership of the Sale Interests and operation of the Property following the Closing. Prior to the expiration execution and delivery of the Inspection Periodthis Agreement, Purchaser shall conduct has already conducted such inspections, examinations, tests, evaluations and or assessments of the Property and the Documents as Purchaser deems deemed necessary, appropriate and prudent (subject to the provisions of this Article V) prudent, and Purchaser shall have no right to terminate this Agreement after the end of the Inspection Period based upon the results of any inspections, examinations, tests, evaluations or assessmentsassessments conducted after the Effective Date.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (New York REIT, Inc.)

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No Right of Termination. Purchaser acknowledges and agrees that the right to enter and inspect and examine the Property and communicate with Tenants pursuant to Article V has been given to Purchaser solely as an accommodation to Purchaser in connection with Purchaser’s contemplated ownership and operation of the Property following the Closing. Prior to the expiration execution and delivery of the Inspection Periodthis Agreement, Purchaser shall conduct has already conducted such inspections, examinations, tests, evaluations and assessments of the Property as Purchaser deems deemed necessary, appropriate and prudent (subject to the provisions of this Article V) and Purchaser shall have no right to terminate this Agreement after the end of the Inspection Period based upon the results of any inspections, examinations, tests, evaluations or assessmentsassessments conducted after the date hereof.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Wells Real Estate Investment Trust Ii Inc)

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