Common use of Performance by Buyer Clause in Contracts

Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not permitted or contemplated by this Agreement, then Seller shall have the right to terminate this Agreement. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 2 contracts

Samples: Purchase Agreement (Carlyle Real Estate LTD Partnership Xiii), Purchase Agreement (Carlyle Income Plus LTD)

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Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not permitted or contemplated by the terms of this Agreement, then Seller shall have the right to terminate this Agreement. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 2 contracts

Samples: Purchase Agreement (JMB Income Properties LTD Xiii), Purchase Agreement (Carlyle Real Estate LTD Partnership Xvii)

Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it Buyer prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not otherwise permitted or contemplated by the terms of this Agreement, then Seller shall have the right to terminate this AgreementAgreement and, upon the exercise of such right, a return of the Escrow Deposit. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E 4D by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 2 contracts

Samples: Purchase Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Purchase Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/)

Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not permitted or contemplated by the terms of this Agreement, then Seller shall have the right right, in its sole and absolute discretion, to terminate this Agreement. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E 4D by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 1 contract

Samples: Purchase Agreement (Carlyle Income Plus LTD)

Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not permitted or contemplated by this Agreement, then Seller shall have the right to terminate this Agreement. Seller shall have the option right to waive the terminate this Agreement if any condition precedent set forth in this paragraph 4E is not satisfied, by delivering written notice to Buyer. In the event Seller fails to deliver such notice of such waivertermination, such condition conditions shall be deemed satisfied.

Appears in 1 contract

Samples: Purchase Agreement (JMB Income Properties LTD Xii)

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Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B subparagraph 7C below which are not permitted or contemplated by the terms of this Agreement, then Seller shall have the right to terminate this Agreement. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E subparagraph 4D by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 1 contract

Samples: Purchase Agreement (JMB Income Properties LTD X)

Performance by Buyer. The performance and observance, in all material respects, by Buyer of all covenants and agreements of this Agreement to be performed or observed by it prior to or on the Closing Date shall be a condition precedent to Seller's obligation to sell the Property. In addition, in the event that the "Buyer Closing Certificate" (as hereinafter defined) shall disclose any material adverse changes in the representations and warranties of Buyer contained in paragraph 7B below which are not permitted or contemplated by the terms of this Agreement, then Seller shall have the right to terminate this Agreement. Seller shall have the option to waive the condition precedent set forth in this paragraph 4E 4D by written notice to Buyer. In the event of such waiver, such condition shall be deemed satisfied.

Appears in 1 contract

Samples: Purchase Agreement (Carlyle Income Plus LTD)

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