Procedures Upon Failure of Condition. Except as otherwise expressly provided herein, if any condition set forth in Sections 7.1 or 7.2 hereof is not timely satisfied or waived for a reason other than the default of Buyer or Seller in the performance of its respective obligations under this Agreement:
Appears in 9 contracts
Samples: Purchase and Sale Agreement and Escrow Instructions (KBS Growth & Income REIT, Inc.), Purchase and Sale Agreement and Escrow Instructions (KBS Real Estate Investment Trust II, Inc.), Purchase and Sale Agreement and Escrow Instructions (KBS Real Estate Investment Trust II, Inc.)
Procedures Upon Failure of Condition. Except as otherwise expressly provided herein, if any condition set forth in Sections Section 7.1 or Section 7.2 hereof is not timely satisfied or waived for a reason other than the default of Buyer Company or Seller Seller, respectively, in the performance of its respective obligations under this Agreement:
Appears in 2 contracts
Samples: Agreement for Sale of Membership Interests (KBS Real Estate Investment Trust, Inc.), Agreement for Sale of Membership Interests (Gramercy Capital Corp)
Procedures Upon Failure of Condition. Except as otherwise expressly provided herein, if any condition set forth in Sections 7.1 or 7.2 hereof is not timely satisfied or waived in writing by the party benefitting from such condition in its sole and absolute discretion, for a reason other than the default of Buyer or Seller in the performance of its respective obligations under this Agreement:
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (KBS Real Estate Investment Trust, Inc.)
Procedures Upon Failure of Condition. Except as otherwise expressly provided herein, if any condition set forth in Sections sections 7.1 or 7.2 hereof is not timely satisfied or waived for a reason other than the default of Buyer Purchaser or Seller in the performance of its respective obligations under this Agreement:
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (Inland Western Retail Real Estate Trust Inc)
Procedures Upon Failure of Condition. Except Following Buyer’s exercise of the Option in accordance with the terms and conditions of Section 1.2 hereof, as otherwise expressly provided herein, if any condition set forth in Sections 7.1 or 7.2 hereof is not timely satisfied or waived for a reason other than the default of Buyer or Seller in the performance of its respective obligations under this Agreement:
Appears in 1 contract
