Waiver of Conditions of Closing. If any of the conditions set forth in Section 7.1 have not been satisfied, Purchaser may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement and, if any of the conditions set forth in Section 7.2 have not been satisfied, Seller may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement. Any such waiver and election by Purchaser or Seller, as the case may be, will only serve as a waiver of the specific closing condition, and the breaching party will have no liability with respect to that specific waived condition.
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Samples: Membership Interest Purchase Agreement (Bluerock Multifamily Growth REIT, Inc.)
Waiver of Conditions of Closing. If any of the conditions set forth in Section 7.1 9.1 have not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement and, if any of the conditions set forth in Section 7.2 9.2 have not been satisfied, the Seller may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement. Any such Such waiver and election by Purchaser or Seller, as the case may be, will only serve as a waiver of the that specific closing condition, condition and the breaching party Party which has not been able to satisfy the waived condition will have no liability with respect to that specific waived condition.
Appears in 1 contract
Samples: Asset Purchase Agreement
Waiver of Conditions of Closing. If any of the conditions set forth in Section 7.1 have not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement and, if any of the conditions set forth in Section 7.2 have not been satisfied, Seller the Sellers may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement. Any such waiver and election by the Purchaser or Sellerthe Sellers, as the case may be, will only serve as a waiver of the specific closing condition, condition and the breaching party Party which has not been able to satisfy the waived condition will have no liability with respect to that specific specifically waived condition.
Appears in 1 contract
Samples: Share Purchase Agreement (Foundation Building Materials, Inc.)
Waiver of Conditions of Closing. If any of the conditions set forth in Section 7.1 have not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement and, if any of the conditions set forth in Section 7.2 have not been satisfied, the Seller may elect in writing to waive the condition and proceed with the completion of the transactions contemplated by this Agreement. Any such waiver and election by the Purchaser or the Seller, as the case may be, will only serve as a waiver of the specific closing condition, condition and the breaching party Party which has not been able to satisfy the waived condition will have no liability with respect to that specific waived condition.
Appears in 1 contract
Samples: Purchase Agreement (Kingsway Financial Services Inc)