Common use of Conditions Precedent to Obligation of Buyer Clause in Contracts

Conditions Precedent to Obligation of Buyer. The obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing of all of the conditions set forth in this Section 4.7 below, any or all of which may be waived by Buyer in its sole and absolute discretion. In the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, due to the nonsatisfaction of any such conditions, then the termination provisions set forth in Section 3.7 above shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Griffin-American Healthcare REIT III, Inc.)

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Conditions Precedent to Obligation of Buyer. The ------------------------------------------- obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing of all of the conditions set forth in this Section 4.7 4.6 below, any or all of which may be waived by Buyer in its sole and absolute discretion. In the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, Agreement due to the nonsatisfaction of any such conditions, then the termination provisions set forth in Section 3.7 3.5 above shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (T Reit Inc)

Conditions Precedent to Obligation of Buyer. The obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing of all of the conditions set forth in this Section 4.7 below4.7, any or all of which may be waived by Buyer in its sole and absolute discretion. In the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, due to the nonsatisfaction of any such conditions, then the termination provisions set forth in Section 3.7 3.6 above shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Medical Properties Trust Inc)

Conditions Precedent to Obligation of Buyer. The obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing of all of the conditions set forth in this Section 4.7 below, any or all of which may be waived by Buyer in its sole and absolute discretion. In Except as provided in Section 6.1, in the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, Agreement due to the nonsatisfaction of any such conditions, then the termination provisions set forth in Section 3.7 3.6 above shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (NNN 2003 Value Fund LLC)

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Conditions Precedent to Obligation of Buyer. The obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing (unless another date is specified) of all of the conditions set forth in this Section 4.7 below4.7, any or all of which may be waived by Buyer in its sole and absolute discretion. In the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, due to the nonsatisfaction non-satisfaction of any such conditions, then the termination provisions set forth in Section 3.7 above hereof shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Conditions Precedent to Obligation of Buyer. The obligation of Buyer to consummate the transaction contemplated hereunder shall be subject to the fulfillment on or before the date of Closing of all of the conditions set forth in this Section 4.7 4.6 below, any or all of which may be waived by Buyer in its sole and absolute discretion. In the event Buyer terminates this Agreement, which termination shall apply to all, but not less than all, of the Properties, Agreement due to the nonsatisfaction of any such conditions, then the termination provisions set forth in Section 3.7 3.5 above shall apply, along with the provisions of Section 4.1(a) above.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (T Reit Inc)

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