Common use of Termination as a result of Inspection Clause in Contracts

Termination as a result of Inspection. If Purchaser notifies Sellers in writing on or before the expiration of the Inspection Period that Purchaser, for any reason whatsoever, does not desire to purchase the Property pursuant to this Agreement, then this Agreement will terminate, and the parties hereto will have no further obligations hereunder except for Surviving Obligations. If Purchaser does not deliver written notice of termination on or before the expiration of the Inspection Period, then Purchaser will have waived any and all claims or rights whatsoever to terminate this Agreement, pursuant to this Paragraph 6.03, and Purchaser and Sellers will proceed with the Closing.

Termination as a result of Inspection. If Purchaser notifies Sellers Seller in writing on or before the expiration of the Inspection Period that Purchaser, for any reason whatsoever, does not desire to purchase the Property pursuant to this Agreement, then this Agreement will terminate, and the parties hereto will have no further obligations hereunder except for Surviving Obligations. If Purchaser does not deliver written notice of termination on or before the expiration of the Inspection Period, then Purchaser will have waived any and all claims or rights whatsoever to terminate this Agreement, pursuant to this Paragraph 6.03, and Purchaser and Sellers Seller will proceed with the Closing.