Waiver of CC Section 1662. Each of Seller and Company expressly waives the provisions of California Civil Code Section 1662 and hereby agrees that the provisions of Section 5.5 hereof shall govern its obligations in the event of damage or destruction to the Real Property or condemnation of all or part of the Real Property.
Appears in 2 contracts
Samples: Agreement for Sale of Membership Interests (KBS Real Estate Investment Trust, Inc.), Agreement for Sale of Membership Interests (Gramercy Capital Corp)
Waiver of CC Section 1662. Each of Seller and Company Buyer each expressly waives waive the provisions of California Civil Code Section 1662 and hereby agrees agree that the provisions of Section 5.5 5.4 hereof shall govern its their obligations in the event of damage or destruction to the Real Property or condemnation of all or part of the Real Property.
Appears in 2 contracts
Samples: Purchase and Sale Agreement and Escrow Instructions (KBS Real Estate Investment Trust II, Inc.), Option Agreement (KBS Growth & Income REIT, Inc.)
Waiver of CC Section 1662. Each of Seller and Company Buyer each expressly waives waive the provisions of California Civil Code Section 1662 and hereby agrees agree that the provisions of Section 5.5 5.4 hereof shall govern its their obligations in the event of damage or destruction to the any Real Property located in California or condemnation of all or any part of the any Real PropertyProperty located in California.
Appears in 1 contract
Waiver of CC Section 1662. Each of Seller and Company Purchaser each expressly waives waive the provisions of California Civil Code Section 1662 and hereby agrees agree that the provisions of Section 5.5 4.6 hereof shall govern its their obligations in the event of damage or destruction to the Real Property or condemnation of all or part of the Real Property.
Appears in 1 contract
Waiver of CC Section 1662. Each of Seller and Company Purchaser each expressly waives waive the provisions of California Civil Code Section 1662 and any and all comparable statutory provisions and hereby agrees agree that the provisions of Section 5.5 Sections 5.1 and 5.2 hereof shall govern its their obligations in the event of damage or destruction to the Real Property or condemnation of all or part of the Real Property.
Appears in 1 contract
Samples: Real Estate Purchase Agreement (Strategic Hotels & Resorts, Inc)
