Common use of Waiver of Failure of Conditions Precedent Clause in Contracts

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section 8.1 or Section 8.2, respectively. By closing the Transaction, Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.2

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Prudential Bache Watson & Taylor LTD 2), Purchase and Sale Agreement (Prudential Bache Watson & Taylor LTD 2), Purchase and Sale Agreement (Capital Lease Funding Inc)

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Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Buyer or Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section 8.1 7.1 or Section 8.27.2, respectively. By closing the Transaction, Buyer and Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 7.1 and Section 8.27.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CBL & Associates Properties Inc), Purchase and Sale Agreement (CBL & Associates Properties Inc)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer Purchaser may elect in writing to waive the benefit of any such condition set forth in Section 8.1 6.1 or Section 8.26.2, respectively. By closing Closing the Transaction, Seller and Buyer Purchaser shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.2Sections 6.1 or 6.2 respectively.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Hemispherx Biopharma Inc)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer Purchaser may elect in writing to waive the benefit of any such condition set forth in Section 8.1 6.1 or Section 8.26.2, respectively. By closing the Transaction, Seller and Buyer Purchaser shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.26.2.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hemispherx Biopharma Inc)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section 8.1 7.1 or Section 8.27.2, respectively. By closing the Transaction, Buyer and Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 7.1 and Section 8.27.2, respectively.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section 8.1 or Section 8.2, respectively. By closing the Transaction, Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.28.1

Appears in 1 contract

Samples: Purchase and Sale Agreement

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section 8.1 6.1 or Section 8.26.2, respectively. By closing the Transaction, Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 6.1 and Section 8.26.2, respectively. If any of the conditions set forth in Sections 6.1 or

Appears in 1 contract

Samples: Lease Agreement

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Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, each of Purchaser and Seller or Buyer may elect in writing to waive the benefit of any such condition in such waiving party's favor and set forth in Section 8.1 6.1 (including its incorporation of the conditions of Section 6.3) or Section 8.26.2, respectively. By closing the Transaction, Purchaser and Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 Sections 6.1, 6.2 and Section 8.26.3, respectively.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Preferred Apartment Communities Inc)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer Purchaser may elect in writing to waive the benefit of any such condition set forth in Section 8.1 or Section 8.2, respectively. By closing the Transaction, Seller 10.3 and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.210.4

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hancock John Financial Services Inc)

Waiver of Failure of Conditions Precedent. At any time or times on or before the date specified for the satisfaction of any condition, Seller or Buyer may elect in writing to waive the benefit of any such condition set forth in Section Sections 8.1 or Section 8.2, respectively. By closing the Transaction, Seller and Buyer shall be conclusively deemed to have waived the benefit of any remaining unfulfilled conditions set forth in Section 8.1 and Section 8.28.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Income Trust, Inc.)

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