Condition for Benefit of Vendor Sample Clauses

Condition for Benefit of Vendor. The Vendor’s Condition – Approval is for the sole benefit of the Vendor and may be unilaterally waived in writing in whole or in part by the Vendor at any time on or before the Closing Date. In the event that the Vendor’s Condition – Approval is not satisfied or waived in writing by the Vendor within the time herein limited, then this Agreement shall be null and void and none of the parties hereto shall have any further obligations to, nor rights against, the other party in respect of this Agreement. The parties acknowledge and agree that the Vendor has paid to the Purchaser the sum of one dollar as consideration for the grant by the Purchaser to the Vendor of the right of the Vendor to determine whether to satisfy the Vendor’s Condition – Approval is for the Vendor’s benefit.
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Related to Condition for Benefit of Vendor

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