Common use of Permitted Termination Clause in Contracts

Permitted Termination. If this Agreement is terminated by either party pursuant to a right expressly given to it hereunder (a “Permitted Termination”), neither party shall have any further obligation to the other party except as expressly provided in the Agreement.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.), Membership Interest Purchase and Sale Agreement (Tarragon Corp), Purchase and Sale Agreement (Tarragon Corp)

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Permitted Termination. If this Agreement is terminated by either party pursuant to a right expressly given to it hereunder (a "Permitted Termination"), neither party shall have any further obligation to the other party except as expressly provided in the Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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