Purchaser’s Right to Terminate Agreement Prior to Approval Date Sample Clauses

Purchaser’s Right to Terminate Agreement Prior to Approval Date. As used herein, the term “Due Diligence Period” shall mean the period expiring at 6:00 p.m. local time on the date which is the thirtieth (30th) day after the Effective Date, and the last day of the Due Diligence Period is referred to herein as the “Approval Date”. Purchaser shall have the sole, exclusive, and unilateral right to terminate this Agreement and its obligations hereunder, for any or no reason whatsoever by providing written notice to Seller of such termination from Purchaser on or before the Approval Date. In the event that Purchaser fails to deliver written notice to Seller terminating this Agreement on or before to the Approval Date, such failure shall be deemed to be an election of Purchaser to proceed to Closing and to purchase the Property pursuant to the terms and conditions herein contained. If Purchaser timely terminates this Agreement pursuant to this Section 3.3, then the Escrow Agent is directed to release the Deposit to Seller within three (3) days of receipt of written notice of such termination and neither party shall have any further obligations or liability hereunder; provided, however, in the event Purchaser so terminates this Agreement due to the fact that its due diligence review during the Due Diligence Period discloses environmental contamination of the Real Property or structural damage or capital improvements (including major repair or replacement of building mechanical, electrical, or plumbing systems necessary for the operation of the Buildings as designed) required to meet governmental code or regulations to the Building (except for any roof damage) that will reasonably cost in excess of Five Hundred Thousand Dollars ($500,000.00) in aggregate to remedy or repair, the Deposit shall be returned to Purchaser. Purchaser shall promptly provide to Seller copies of all reports, documents, or other materials (i) that show that such $500,000 threshold would be exceeded, or (ii) were prepared or obtained as part of its due diligence review. In addition, if Purchaser terminates this Agreement in accordance with the provisions of this Section then, upon the request of either party, Purchaser and Seller agree to execute a written release of this Agreement.
Sample 1
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Related to Purchaser’s Right to Terminate Agreement Prior to Approval Date

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER INCLUDING BUT NOT LIMITED TO PALLADIUM CAPITAL ADVISORS, LLC.

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

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

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

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