Seller Contingencies Sample Clauses
The Seller Contingencies clause outlines specific conditions that must be met for the seller to be obligated to complete the transaction. These contingencies may include the seller securing a suitable replacement property, obtaining necessary approvals, or resolving title issues before closing. By establishing these requirements, the clause protects the seller from being forced to proceed with the sale if certain critical needs are not satisfied, thereby reducing the seller's risk and ensuring the transaction only moves forward under acceptable circumstances.
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Seller Contingencies. This Agreement is subject to the following contingencies in favor of Seller (the "Contingencies"). If this Agreement is terminated pursuant to the provisions of this Paragraph, then Seller will return to Purchaser an amount equal to the ▇▇▇▇▇▇▇ Money paid by Purchaser, and this Agreement shall thereafter be deemed fully null and void. In no event will Seller be required to give consideration in the form of money, contractual terms or other concessions to any third party or otherwise have any obligation to satisfy the Contingencies.
Seller Contingencies. Seller’s obligation to consummate the transaction contemplated by this Agreement is subject to the satisfaction of the following conditions for Seller’s benefit:
Seller Contingencies. This Agreement shall be completely contingent upon Seller's satisfaction of or Seller's waiver (at Seller’s sole discretion) of the contingencies set forth below in this Section 3.02 (the "Seller Contingencies"), by 5:00 P.M on April 3, 2020 (the "Seller Contingency Period"). The date upon which all Buyer Contingencies are either satisfied or waived, pursuant to Section 3.05 or otherwise, shall be referred to as the "Seller Contingency Date". The Seller Contingencies are as follows:
(a) Agreement by Buyer and Seller on the terms of: (1) a use restriction agreement whereby the Property (“Property Restriction Agreement”) is
(A) required to be developed into and, for a period of five (5) years, restricted from being anything other than a retail grocery store (as defined in Section 3.02(b) above) (B) restricted from the uses set forth on Exhibit D, attached hereto; and (2) an access and signage easement whereby Seller, its successors and assigns, shall have the right to have pedestrian and vehicular ingress/egress access on Highway 64 for the Adjacent Property and the right to place Aldi’s pylon/monument signage on the same; (3) an easement for the location of water and sewer pipes and other utilities in the ingress/egress access to Highway 64; and (4) an easement for the location of a drainage pipe across the east portion of the Property to connect to pipes in Highway 64 (collectively “Easement”).
Seller Contingencies. Seller shall provide to Purchaser a copy of all known existing agreements with respect to the Property, whether such agreements are recorded or unrecorded, within three business days of executing this Agreement. In addition to any other contingencies set forth herein, Seller’ obligations to conclude this transaction is contingent upon the satisfactory assignment of any existing agreements with respect to the Property to Purchaser from Seller at Closing. If agreements are unacceptable to Purchaser for any reason, then Purchaser shall be entitled, at its election, to terminate this Agreement by written notice to Seller.
Seller Contingencies. Seller’s obligation to sell the Property and the remainder of Seller’s obligations under this Agreement shall be subject to its approval of each contingency set forth below (collectively, the “Seller Contingencies”) within the time periods indicated below. The Seller Contingencies are for the sole benefit of Seller. The satisfaction of each Seller Contingency is a condition precedent to the Close of Escrow. Seller shall approve or disapprove any or all of the documents, materials, items and matters identified in this Section 4 in its reasonable discretion.
Seller Contingencies. List below any conditions or contingencies that apply to seller. For example, the seller may require buyer to enter into a new lease for premises or alternatively get landlord's consent to assign lease to buyer. Contingencies are items that must be satisfied or seller is not obligated to close.
Seller Contingencies. The Property shall be conveyed subject to i) all encumbrances and matters of record.
Seller Contingencies. Except as disclosed in Section 2.30 of the Disclosure Schedule, there are no actions, suits, claims or proceedings pending, or to the knowledge of the Seller threatened against, by or affecting the Seller which could materially and adversely affect the right or ability of the Seller, to consummate the transactions contemplated hereby. To the knowledge of the Seller, there is no valid basis upon which any such action, suit, claim, or proceeding may be commenced or asserted against the Seller.
Seller Contingencies. The Property shall be conveyed subject to i) all encumbrances and matters of record; ii) an easement in favor of TMWA or its assignee(s) for the monitoring well on the Property at a location mutually agreeable in the substance and form attached hereto as Exhibit B (“Easement for Monitoring Well”).
Seller Contingencies. Seller must meet the following contingencies prior to closing.