Property Approval Notice; Termination Sample Clauses

Property Approval Notice; Termination. If, prior to the expiration of the Inspection Period, Purchaser determines in its sole discretion that Purchaser is satisfied with its investigation of its potential acquisition, ownership and operation of the Property, then Purchaser may deliver to Seller and the Title Company written notice of its acceptance of the condition of the Property and Purchaser’s desire to proceed with its acquisition, ownership and operation thereof (the “Property Approval Notice”). Upon delivery of the Property Approval Notice to Seller, the Initial Deposit shall become nonrefundable to Purchaser, subject to all of the terms and conditions of this Agreement, and Purchaser shall become obligated to close the transaction contemplated by this Agreement on or before the Closing Date subject to the terms and conditions of this Agreement. If Purchaser delivers the Property Approval Notice, Purchaser will also deliver the Additional Deposit to the Title Company in accordance with Section 2.1, which will be nonrefundable to Purchaser upon deposit, subject to the terms of this Agreement. If, prior to the expiration of the Inspection Period, Purchaser does not deliver its Property Approval Notice or otherwise expressly terminates this Agreement, then (i) this Agreement will terminate and both parties will be relieved of any further obligations hereunder, except for those obligations which expressly survive any termination hereof; (ii) the Initial Deposit will be returned to Purchaser; and (iii) provided Seller is not in default under this Agreement, Purchaser will, as consideration for the investigation privileges afforded to Purchaser by Seller hereunder, promptly after Seller’s written request, deliver to Seller, without any representation and warranty as to the accuracy of the information set forth therein and subject to any confidentiality provisions contained therein, copies of any or all of the studies, inspection reports and similar matters made for Purchaser by third parties engaged by Purchaser to do so during the Inspection Period concerning the Property (“Purchaser’s Reports”) so requested by Seller.
Sample 1
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Related to Property Approval Notice; Termination

  • Termination Notice Except in the event of Executive's death, a termination under this Agreement shall be effected by means of a Termination Notice.

  • License Termination The licenses granted by Xencor to MorphoSys under Article 4 shall terminate.

  • Notice; Effective Date of Termination (a) Termination of Executive’s employment pursuant to this Agreement shall be effective on the earliest of:

  • Initiation; Confirmation; Termination (a) An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller.

  • Notice of Termination Event Upon the occurrence of a Termination Event, the Company shall deliver written notice to the Purchase Contract Agent, the Collateral Agent and the Securities Intermediary within a reasonable amount of time and to the extent permitted by law.

  • Notice and Date of Termination (a) Any termination of the Executive’s employment by the Company or by the Executive shall be communicated by a written notice of termination to the other party (the “Notice of Termination”). Where applicable, the Notice of Termination shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. Unless the Board or a committee thereof, in writing, provides a longer notice period, a Notice of Termination by the Executive alleging a termination for Good Reason must be made within one hundred eighty (180) days of the act or failure to act that the Executive alleges to constitute Good Reason.

  • Notice of Termination Events Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Termination Event or an Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such action otherwise requires the consent of all Purchasers, the LC Bank and/or the Required LC Participants), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and the Purchaser Agents.

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • Termination Upon Notice This Agreement may be terminated at any time without cause by either party giving the other party one hundred eighty (180) days written notice.

  • Required Termination If a court of competent jurisdiction or Government Authority issues a final non-appealable order or judgment holding that all or part of the Agreement or all or a part of the Services offered under the Agreement are in violation of any Law (each, a “Judgment”), the affected party has the right to terminate those portions of the Agreement that are part of such Judgment by providing the other party with written notice of its intent to terminate such portions of the Agreement, and subject to Section II.E, such termination of such portions of the Agreement will be effective as of the date specified in such notice.

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