Examples of Mutual Closing Conditions in a sentence
If any of the Mutual Closing Conditions is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Xxxxxxx Money shall be refunded to Purchaser in accordance with Section 3.2.4, and the Parties shall have no further rights or obligations under this Agreement, except for those which expressly survive such termination.
If any of the Mutual Closing Conditions is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Deposit shall be refunded to Purchaser in accordance with Section 3.2.4, and the Parties shall have no further rights or obligations under this Agreement, except for those which expressly survive such termination.
Seller and Purchaser may not rely on the failure of the Mutual Closing Conditions, respectively, the Seller Closing Conditions or the Purchaser Closing Conditions, if such failure was caused by such Party’s failure to act in good faith or to use its commercially reasonable efforts to cause the Closing to occur.
If any of the Mutual Closing Conditions is not satisfied at Closing, then each Party shall have the right to terminate this Agreement by providing written notice to the other Party, in which case the Xxxxxxx Money Deposit shall be refunded to Purchaser in accordance with Section 3.2.4, and the Parties shall have no further rights or obligations under this Agreement, except for those which expressly survive such termination.
This Agreement may be terminated by Seller (in which event Purchaser shall be entitled to a return of the Exxxxxx Money deposited with the Escrow Agent) (i) if any of the Mutual Closing Conditions set forth in Section 9.1 has not been satisfied by the Closing Date, (ii) if any of the Seller Closing Conditions set forth in Section 9.3 has not been satisfied by the Closing Date, or (iii) upon a Purchaser Default.
Please revise your disclosure in this section to clarify that the Hartman XIX Merger and the HI-REIT Merger are cross-conditioned, per your disclosure in the fourth bullet point under "Conditions to Completion of the Mergers Mutual Closing Conditions" on page 221.
At the French Closing, Seller shall have furnished to Buyer a certificate dated as of the French Closing Date, and signed by a senior executive officer of Seller to the effect that the Mutual Closing Conditions have been satisfied.
CLOSING AND CLOSING CONDITIONS 42 7.1 Closing Date 42 7.2 Mutual Closing Conditions 42 7.3 Closing Deliveries 42 7.4 Closing Conditions of Purchaser and IP Purchaser 43 7.5 Closing Conditions of Seller 44 8.
CLOSING CONDITIONS 27 9.1 Mutual Closing Conditions 27 9.2 Purchaser Closing Conditions 28 9.3 Seller Closing Conditions 29 9.4 Frustration of Closing Conditions 29 ARTICLE 10.
At the French Closing, Buyer shall have furnished to Seller a certificate dated as of the French Closing Date, and signed by a senior executive officer of Buyer to the effect that the Mutual Closing Conditions have been satisfied.