Common use of OCCUPIED PROPERTY Clause in Contracts

OCCUPIED PROPERTY. Seller makes no representation or warranty as to whether the Property is occupied as of Closing. If Seller or Buyer believe the Property may be occupied, they shall so notify the other and Seller and Buyer shall execute an Addendum to this Agreement in the form supplied by Seller related to such occupancy. If Xxxxx fails or refuses to execute such Addendum in the form provided by seller, such action or inaction shall constitute a material default by Buyer and Seller may elect to terminate this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement and Joint Escrow Instructions, Purchase Agreement and Joint Escrow Instructions

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OCCUPIED PROPERTY. Seller makes no representation or warranty as to whether the Property is occupied as of Closing. If Seller or Buyer believe Buyer(s) believes the Property may be occupied, they shall so notify the other and Seller and Buyer Buyer(s) shall execute an Addendum to this Agreement in the form supplied by Seller related to such occupancy. If Xxxxx Xxxxx(s) fails or refuses to execute such Addendum in the form provided by sellerSeller, such action or inaction shall constitute a material default by Buyer Buyer(s) and Seller may elect to terminate this Agreement.. SAMPLE

Appears in 2 contracts

Samples: Auction and Retail Contract, Auction and Retail Contract

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