Common use of Back-Up Contract(s) Clause in Contracts

Back-Up Contract(s). Purchaser understands that Seller may negotiate with other parties and may enter into back-up contracts for the sale of the Property. The back-up contracts will be subject and subordinate to this Contract so long as this Contract is in full force and effect and Purchaser is not in default hereunder.

Appears in 10 contracts

Sources: Contract for Sale of Real Property, Contract for Sale of Real Property, Contract for Sale of Real Property

Back-Up Contract(s). Purchaser ▇▇▇▇▇ understands that Seller may negotiate with other parties and may enter into back-up contracts for the sale of the Property. The back-up contracts will be subject and subordinate to this Contract Agreement so long as this Contract Agreement is in full force and effect and Purchaser Buyer is not in default hereunder.

Appears in 1 contract

Sources: Agreement for Sale and Purchase of Property

Back-Up Contract(s). Purchaser Buyer understands that Seller may actively negotiate with other parties and may enter into back-back up contracts for the sale of the Property. The back-up backup contracts will be subject and subordinate to this Contract Agreement so long as this Contract Agreement is in full force and effect and Purchaser Buyer is not in default hereunder.

Appears in 1 contract

Sources: Agreement for Sale and Purchase of Property (Sotherly Hotels Lp)