Absolute Termination Right Sample Clauses
An Absolute Termination Right clause grants one or both parties the unconditional ability to end the contract at their discretion, without needing to provide a specific reason or meet particular conditions. In practice, this means a party can terminate the agreement at any time, often by giving a set period of advance written notice to the other party. This clause provides maximum flexibility and control, allowing parties to exit the contractual relationship easily if circumstances change or if the arrangement is no longer beneficial, thereby reducing the risk of being locked into an unfavorable contract.
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Absolute Termination Right. Purchaser shall have through the last day of the Inspection Period in which to examine, inspect, and investigate the Property and, in Purchaser’s sole and absolute judgment and discretion, determine whether the Property is acceptable to Purchaser. Notwithstanding anything to the contrary in this Contract, Purchaser may terminate this Contract for any reason or no reason, by giving written notice of termination to Seller and Title Company (the “Inspection Termination Notice”) on or before the last day of the Inspection Period, in which event the ▇▇▇▇▇▇▇ Money shall be returned to Purchaser. If Purchaser does not give an Inspection Termination Notice, this Contract shall continue in full force and effect, Purchaser shall be deemed to have waived its right to terminate this Contract pursuant to this Section 2.3, and the ▇▇▇▇▇▇▇ Money shall become non-refundable at the end of the Inspection Period except as expressly provided herein.
Absolute Termination Right. Notwithstanding anything to the contrary in this Contract, if, in Purchaser’s sole and absolute discretion, Purchaser is not satisfied with the condition of the Property for the use proposed by Purchaser for the Property, or with the results of Purchaser’s testing, investigations, inspections, research or studies concerning the Property and its proposed use, or with the documents and materials concerning the Property reviewed by Purchaser, or if Purchaser is unable to obtain an unconditional commitment for financing acceptable to Purchaser, or for any other reason or no reason, Purchaser may terminate this Contract in the exercise of its sole discretion by giving written notice of termination to Seller (the “Termination Notice”) on or before the last day of the Due Diligence Period, in which event the ▇▇▇▇▇▇▇ Money shall be promptly returned to Purchaser and neither party shall have any further liability or obligation under this Contract, except those liabilities and obligations that expressly survive a termination of this Contract. If Purchaser does not give a Termination Notice, this Contract shall continue in full force and effect, and Purchaser shall be deemed to have waived its right to terminate this Contract pursuant to this Section 2.3.
Absolute Termination Right. Purchaser shall have through the last day of the Inspection Period in which to examine, inspect, and investigate the Property and, in Purchaser’s sole and absolute judgment and discretion, determine whether the Property is acceptable to Purchaser. Notwithstanding anything to the contrary in this Contract, Purchaser may terminate this Contract for any reason or no reason by giving written notice of termination to Seller (the “Inspection Termination Notice”) on or before 6:00 p.m. Houston, Texas time on the last day of the Inspection Period. If Purchaser does not give an Inspection Termination Notice, this Contract shall continue in full force and effect, and Purchaser shall be deemed to have waived its right to terminate this Contract pursuant to this Section 2.3.
Absolute Termination Right. Purchaser shall have through the last day of the Inspection Period in which to examine, inspect, and investigate the Properties and, in Purchaser's sole and absolute judgment and discretion, determine whether the Properties are acceptable to Purchaser and obtain all necessary internal approvals. Notwithstanding anything to the contrary in this Contract, Purchaser may terminate this Contract for any reason or no reason by giving written notice of termination to Seller (the "Inspection Termination Notice") on or before the last day of the Inspection Period. If Purchaser does not give an Inspection Termination Notice, this Contract shall continue in full force and effect, and Purchaser shall be deemed to have waived its right to terminate this Contract pursuant to this Section 2.3. Provided that Purchaser has not terminated this Contract pursuant to the terms of this paragraph, after the expiration of the Inspection Period, the ▇▇▇▇▇▇▇ Money shall be non-refundable to Purchaser except as provided in Paragraph 1.7. Purchaser may not terminate as to any individual Property but must either terminate this Contract or accept all of the Properties as a group, subject to Sections 4.6, 5.1.10, 9.2 and 9.3 hereof.