Common use of Accuracy of Seller’s Representations and Warranties Clause in Contracts

Accuracy of Seller’s Representations and Warranties. As a condition to the obligations of Purchaser to close hereunder, each of Seller’s representations and warranties set forth in Section 9.1 below shall be materially true and correct when made and on and as of the Closing, as though such representations and warranties were made on and as of the Closing. Notwithstanding the foregoing, if Seller makes any material Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of this Agreement, Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Money by delivering written notice thereof to Seller on or before the earlier of the Closing Date or the fifth business day after Purchaser receives written notice of such Pre-Closing Disclosure in which event this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and except for any rights of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Seller. If Purchaser does not terminate this Agreement pursuant to its rights under this Section 8.3, then such representations and warranties shall be deemed modified to conform them to the Pre-Closing Disclosure.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Wells Real Estate Investment Trust Inc)

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Accuracy of Seller’s Representations and Warranties. As a condition to the obligations of Purchaser to close hereunder, each of Seller’s 's representations and warranties set forth in Section 9.1 10.1 below shall be materially true and correct when made and on and as of the Closing, as though such representations and warranties were made on and modified by any Pre-Closing Disclosures (as of the Closinghereinafter defined). Notwithstanding the foregoing, if Seller makes any material Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of this AgreementPurchaser, Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Earnest Money by delivering written notice thereof to Seller on or before the earlier xxx xarlier of the Closing Date Closing, or the fifth (5th) business day after Purchaser receives written notice of such Pre-Closing Disclosure Disclosure, in which event this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and except for any rights of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Sellerhereof. If Purchaser does not terminate this Agreement pursuant to its rights under this Section 8.3Section, then such representations and warranties shall be deemed modified to conform them to the such Pre-Closing Disclosure.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Bedford Property Investors Inc/Md)

Accuracy of Seller’s Representations and Warranties. As a condition precedent to the obligations of Purchaser Purchaser’s obligation to close hereunder, each of Seller’s representations and warranties set forth in Section 9.1 below shall be materially true and correct when made and on and as of the Closing, as though such representations and warranties were made on and modified by any Pre-Closing Disclosures (as of the Closingdefined in Section 9.2). Notwithstanding the foregoing, if Seller makes any a material Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of (excluding any Pre-Closing Disclosures that result from actions taken by Seller that are permitted under Section 9.3 or otherwise under this Agreement), Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Money by delivering written notice thereof to Seller on or before the earlier of the Closing Date Closing, or the fifth (5th) business day after Purchaser receives written notice of such Pre-Closing Disclosure Disclosure, in which event this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and except for any rights of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Sellerhereof. If Purchaser does not terminate this Agreement pursuant to its rights under this Section 8.3, then such representations and warranties shall be deemed modified to conform them to the Pre-Closing Disclosure. Nothing in this Section 8.3 shall limit Purchaser’s right to terminate this Agreement as otherwise expressly provided in this Agreement.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Behringer Harvard Reit I Inc)

Accuracy of Seller’s Representations and Warranties. As a condition to the obligations of Purchaser to close hereunder, each of Seller’s representations and warranties set forth in Section 9.1 below shall be materially true and correct when made and on and as of the Closing, as though such representations and warranties were made on and modified by any Pre-Closing Disclosures (as of the Closingdefined in Section 9.2 below). Notwithstanding the foregoing, if Seller makes any material Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of (excluding any Pre-Closing Disclosures that result from actions taken by Seller that are permitted under Section 9.3 or otherwise under this Agreement), Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Exxxxxx Money by delivering written notice thereof to Seller on or before the earlier of the Closing Date Closing, or the fifth (5th) business day after Purchaser receives written notice of such Pre-Closing Disclosure Disclosure, in which event this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and except for any rights of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Sellerhereof. If Purchaser does not terminate this Agreement pursuant to its rights under this Section 8.38.4, then such representations and warranties shall be deemed modified to conform them to the Pre-Closing Disclosure.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Hines Real Estate Investment Trust Inc)

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Accuracy of Seller’s Representations and Warranties. As a condition to the obligations of Purchaser to close hereunder, each of Seller’s Sellers’ representations and warranties set forth in Section 9.1 below shall be materially true and correct when made and on and as of the Closing, as though such representations modified by any Pre-Closing Disclosures (as defined in Section 9.2 below), and warranties were made on and as Sellers shall have performed all of the Closingtheir obligations hereunder. Notwithstanding the foregoing, if Seller makes Sellers make any material materially adverse Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of this AgreementPurchaser, Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Money by delivering written notice thereof to Seller Sellers and Escrow Agent on or before the earlier to occur of the Closing Date or and the fifth second (2nd) business day after Purchaser receives written notice of such Pre-Closing Disclosure Disclosure, in which event Escrow Agent shall return the Deposit to Purchaser and this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and except for any rights of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Sellerhereof. If Purchaser does not terminate this Agreement pursuant to its rights during the time required under this Section 8.3, then such representations and warranties shall be deemed modified to conform them to the Pre-Closing Disclosure.

Appears in 1 contract

Samples: Lease Agreement (KBS Strategic Opportunity REIT, Inc.)

Accuracy of Seller’s Representations and Warranties. As a condition to the obligations of Purchaser to close hereunder, each Each of Seller’s representations and warranties set forth in Section 9.1 below 10.1 of this Agreement shall be materially true and correct when made and on and as of the Closing, as though such representations and warranties were made on and modified by any “Pre-Closing Disclosures”, as Section 10.2 of the Closingthis Agreement defines that term. Notwithstanding the foregoing, if Seller makes any a material Pre-Closing Disclosure to Purchaser pursuant to the notice provisions of (excluding any Pre-Closing Disclosures that result from actions taken by Seller that are permitted under Section 10.3 or otherwise under this Agreement), Purchaser shall have the right to terminate this Agreement and receive the return of the Xxxxxxx Money by delivering written notice thereof to Seller on or before the earlier of the Closing Date Closing, or the fifth business day 5th Business Day after Purchaser receives written notice of such Pre-Pre- Closing Disclosure Disclosure, in which event this Agreement shall terminate and be of no further force or effect, except as may expressly survive termination hereof and effect except for any rights or obligations that expressly survive a termination of Purchaser under Section 7.1 hereof to the extent of any breach of or default under this Agreement by Sellerand Escrow Agent shall return the Xxxxxxx Money to Purchaser. If Purchaser does not terminate this Agreement pursuant to its rights under this Section 8.39.2, then such representations and warranties shall be deemed modified to conform them to the Pre-Closing Disclosure.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Dividend Capital Total Realty Trust Inc.)

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