Examples of Buyer’s Closing Conditions in a sentence
In addition to the other Buyer’s Closing Conditions set forth in the Purchase Agreement, it shall be a Buyer’s Closing Condition that, on or before the Closing, Seller shall have caused the City of Sacramento to issue a Certificate of Compliance modifying the legal description of the Property, in form and substance acceptable to Buyer in its sole and absolute discretion.
In addition to the other Buyer’s Closing Conditions set forth in the Purchase Agreement, it shall be a Buyer’s Closing Condition that, prior to the Closing, Buyer shall have received the Streets and Sidewalks Ownership Explanation, had a reasonable opportunity to review the content of the Streets and Sidewalks Ownership Explanation, and determined that the rights and obligations set forth in the Streets and Sidewalks Ownership Explanation are acceptable to Buyer.
Buyer’s Closing Conditions are solely for Buyer’s benefit and any of Buyer’s Closing Conditions may be waived in writing by Buyer in whole or in part without prior notice.
In the event the Buyer’s Closing Conditions set forth in this Article 5 are not satisfied as of the Closing Date, then at Buyer’s sole and exclusive option, and without limiting any other remedy available to Buyer hereunder, at law or in equity, Buyer may give written notice to Seller that it is terminating its obligation to purchase the Property, extend the period for Closing and/or pursue its remedies in accordance with Section 11.2(b).
Provided that all of Seller’s Closing Conditions and Buyer’s Closing Conditions have been satisfied or waived as provided herein, the Closing shall take place on that date which is thirty (30) days after the expiration of the Due Diligence Period, unless Buyer and Seller expressly agree in writing to a different date for the Closing (such date for Closing, the “Closing Date”).
Upon delivery to Seller of this Agreement executed by Xxxxx, Xxxxx will also deliver written notice to Seller accepting the Property, which acceptance shall be conditioned upon satisfaction of Buyer’s Closing Conditions.
In the event the sale of the Property is not consummated because of (a) a Seller default, (b) the termination of this Agreement by Buyer in accordance with any right to so terminate provided herein, or (c) Seller’s failure to satisfy any of Buyer’s Closing Conditions (as defined below), or for any other reason, except for a default by Buyer under Section 13.2 , then the Deposit shall be immediately and automatically paid over to Buyer without the need for any further action by either Party hereto.
Such other instruments and documents as may be required by the terms of this Agreement (including, but not limited to, Buyer’s Closing Conditions and/or Seller’s Closing Conditions).
In the event the sale of the Property is not consummated because of (a) a Seller default, (b) the termination of this Agreement by Buyer in accordance with any right to so terminate provided herein, (c) the failure of any of Buyer’s Closing Conditions (as defined below) to occur or (d) any other reason other than a default by Buyer, then the Deposit shall be immediately and automatically paid over to Buyer without the need for any further action by either Party hereto.
Notwithstanding any other provisions in the Purchase and Sale Agreement, payment of the Consideration, release and/or recording of certain documents set out in the Purchase and Sale Agreement and release of the Haitong Mortgage shall be carried out in accordance with the terms of the Consent and Forbearance Agreement.Conditions Precedent The Closing is subject to the satisfaction or waiver of various conditions precedent, which include: Buyer’s Closing Conditions: a.