Common use of Absolute Termination Right Clause in Contracts

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.

Appears in 1 contract

Sources: Real Estate Sale Contract (Carter Validus Mission Critical REIT, Inc.)

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 Escrow Agent (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.

Appears in 1 contract

Sources: Real Estate Sale Contract (Inland American Real Estate Trust, Inc.)

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 Escrow Agent (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 hereinin Section 10.2 below.

Appears in 1 contract

Sources: Real Estate Sale Contract (Inland American Real Estate Trust, Inc.)

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 Escrow Agent (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 Period, except as expressly provided herein.

Appears in 1 contract

Sources: Real Estate Sale Contract (Carter Validus Mission Critical REIT, Inc.)

Absolute Termination Right. Purchaser shall have through the last day of the Inspection Period Period, or any extension thereof, 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 Escrow Agent (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.

Appears in 1 contract

Sources: Real Estate Sale Contract