Common use of Closing Contingency Clause in Contracts

Closing Contingency. Notwithstanding anything contained in this tease to the contrary, Landlord or Tenant shall have the right to terminate this Lease, if Landlord does not on or before January 31. 2002 provide Tenant in form reasonably satisfactory to Tenant, evidence that Landlord has effectuated the purchase of the Development ("Notice of Commencement"). Tenant may exercise its right to terminate this Lease under this Section by delivering thirty (30) days written notice of termination to Landlord on or after January 31, 2002; however, in the event that Landlord's purchase of the Development occurs on or before the end of the aforementioned thirty (30) day period then said notice and right to terminate shall be void and of no further force or effect.