Common use of REIT’s Default Clause in Contracts

REIT’s Default. If, after the expiration of the Due Diligence Period, the Closing fails to occur due to the default of the REIT, the Contributor shall be entitled to recover from the REIT any out-of-pocket expenses reasonably incurred by said Contributor specifically incurred in connection with this Agreement.

REIT’s Default. If, after the expiration of the Due Diligence Period, the Closing fails to occur due to the default of the REIT, the Contributor Contributors shall be entitled to recover from the REIT any out-of-pocket expenses reasonably incurred by said Contributor Contributors specifically incurred in connection with this Agreement.