Seller’s Approvals. Seller's obligation to close hereunder shall be conditioned upon the approval of this transaction by Seller's internal committees. If on or before the last day of the Review Period Seller has not notified Buyer that such approval has been granted, such approval shall be deemed not to have been granted, and the Deposit shall be refunded and this Agreement shall terminate, and neither party shall be liable to the other for damages or otherwise except as otherwise expressly provided herein.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Pacific Gulf Properties Inc), Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership)
Seller’s Approvals. Seller's obligation to close hereunder shall be conditioned upon the approval of this transaction by Seller's internal committees. If on or before the last day of the Review Period Seller has not notified Buyer that such approval has been granted, such approval shall be deemed not to have been granted; if approval is not granted, and the Deposit shall be refunded and this Agreement shall terminate, and neither party shall be liable to the other for damages or otherwise except as otherwise expressly provided herein.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership), Purchase and Sale Agreement (Arden Realty Inc)
Seller’s Approvals. Seller's obligation to close hereunder shall be conditioned upon the approval of this transaction by Seller's internal committees. If on or before the last day of the Review Period Approval Date Seller has not notified Buyer that such approval has been granted, such approval shall be deemed not to have been granted, and the Deposit shall be refunded and this Agreement shall terminate, and neither party shall be liable to the other for damages or otherwise except as otherwise expressly provided herein.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership)
Seller’s Approvals. Seller's obligation to close hereunder shall be conditioned upon the approval of this transaction by Seller's internal committees. If on or before the last day of the Review Period November 26, 1996 Seller has not notified Buyer that such approval has been granted, such approval shall be deemed not to have been granted, and the Deposit shall be refunded and this Agreement shall terminate, and neither party shall be liable to the other for damages or otherwise except as otherwise expressly provided herein.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund Ii Limited Partnership)
