Common use of Purchase and Sale; Effective Date Clause in Contracts

Purchase and Sale; Effective Date. FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, Seller agrees to sell the Property to Buyer and Buyer agrees to purchase the Property from Seller, upon the terms and conditions set forth in this Agreement. For the purpose of this Agreement, the date on which the last party executing this Agreement delivers it to the other party shall hereinafter be referred to as the "Effective Date."

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Capital Builders Development Properties Ii), Purchase and Sale Agreement (Capital Builders Development Properties Ii), Purchase and Sale Agreement (Capital Builders Development Properties Ii)

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