Backup Offers Sample Clauses
The Backup Offers clause allows a seller to accept additional offers on a property while the primary offer is under contract. If the initial transaction falls through—such as if the primary buyer fails to meet certain conditions or deadlines—the seller can then proceed with a backup offer without needing to re-list the property. This clause ensures that the seller has alternative buyers lined up, minimizing downtime and reducing the risk of the property remaining unsold if the first deal collapses.
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Backup Offers. Buyer acknowledges that Seller may continue to market the Property and solicit and accept backup offers for the sale of Property.
Backup Offers. Following the mutual execution of this Agreement and continuing until the expiration of the Due Diligence Period, Seller reserves the right to solicit, obtain, negotiate, document and receive backup offers for the Property as long as such backup offers are expressly subject to Purchaser’s prior right to purchase the Property pursuant to this Agreement. Such right of Seller regarding backup offers includes, without limitation, the right to deliver due diligence materials to such backup offeror, to meet with the same in connection with its due diligence investigation, and to allow such backup offeror access to the Property in connection with its due diligence investigation.
Backup Offers. After June 24, 2002, Sellers will not negotiate or solicit with any other parties concerning the sale of the Club and any negotiations with other prospective purchasers that may have been entered into will be held in abeyance pending a Closing hereunder and will be terminated in the event of such Closing. In the event that Purchaser defaults hereunder prior to or at Closing, Sellers may resume negotiations with such other prospective purchasers.
Backup Offers. Following the mutual execution of this Agreement and continuing until the Closing, Seller reserves the right to solicit, obtain, negotiate, document and receive backup offers for the Property as long as such backup offers are expressly subject to Purchaser’s prior right to purchase the Property pursuant to this Agreement. Such right of Seller regarding backup offers includes, without limitation, the right to meet with such backup offeror and to allow such backup offeror access to the Property.
Backup Offers. SELLER reserves the right to negotiate and accept additional purchase offers for the Unit. SELLER may enter into other written agreements for the purchase of the Unit, subject to this Agreement. Should BUYER default or should this Agreement be terminated for any reason, in addition to any remedy provided under this Agreement, SELLER shall have the right to sell the Unit to a backup purchaser.
Backup Offers. Seller encourages Broker to procure backup offers, and Seller will accept backup offers subject to Seller's right to negotiate previously submitted offers.
Backup Offers. On and after the Agreement Date but only until the expiration of the Due Diligence Period if Buyer has not elected to not proceed with its purchase of the Purchase Property pursuant to Section 3.3 or 7.2, Seller shall have the right to market the Purchase Property and negotiate with third parties concerning the sale of the Purchase Property. On and after the Agreement Date but only until the expiration of the Due Diligence period if Buyer has not elected to not proceed with its purchase of the Purchase Property pursuant to Section 3.3 or 7.2, Seller shall have the right to make and accept "backup" offers and to execute "backup" agreements subject to this Agreement for the sale of the Purchase Property.
Backup Offers. Subject to the rights of the Purchaser as described in this Agreement, Seller shall have the right to discuss, negotiate and accept backup offers for the purchase of the Conveyed Property with third-parties in the event Purchaser and Seller do not proceed to Closing hereunder.