Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Purchase and Sale Agreement (Resource Real Estate Opportunity REIT II, Inc.), Purchase and Sale Agreement (Wells Core Office Income Reit Inc)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under this Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligationsobligations of Purchaser which survive the termination of this Agreement.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.), Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.), Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default of its obligation to have closed under this Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Capital Lease Funding Inc)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default of its obligation to have closed under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in material default of its obligation to have closed under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (New England Realty Associates Limited Partnership)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if, on the date of such election, Purchaser is not in default under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiv Lp)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 79, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving ObligationsXxxxxxxxx.
Appears in 1 contract
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under this Agreement, Seller shall promptly direct the Title Company Company/Escrow Agent to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligationsobligations of Purchaser that survive the termination of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under the Agreement, Seller shall promptly direct the Title Company Company/Escrow Agent to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligationsobligations of Purchaser that survive the termination of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (HC Government Realty Trust, Inc.)
Termination and Return of Deposit. If Purchaser either party elects to terminate this Agreement pursuant to this Section 7, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Hotel Purchase and Sale Agreement (DiamondRock Hospitality Co)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Brookdale Living Communities Inc)
Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, Seller shall promptly direct the Title Company to shall immediately return the Deposit (less the Independent Consideration) to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Consolidated Tomoka Land Co)
