Common use of Permitted Termination Clause in Contracts

Permitted Termination. If this Agreement is terminated by Purchaser pursuant to a right given it to do so hereunder, the Deposit (including interest thereon, if any) shall immediately be returned to Purchaser by the Escrowee, and this Agreement shall thereafter be null and void (except as otherwise provided herein).

Appears in 3 contracts

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

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Permitted Termination. If this Agreement is terminated by Purchaser pursuant to a right given it to do so hereunderhereunder (a "PERMITTED TERMINATION"), the Xxxxxxx Money Deposit (including interest thereon, if any) shall immediately be returned to Purchaser by the EscroweeEscrow Agent, and this Agreement shall thereafter be null and void (except as otherwise provided herein)void.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Belk Inc)

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