Contingency Period. Buyer shall have until the date that is thirty (30) days after the Seller Board Approval Date as defined in this Agreement (such period being referred to herein as the “Contingency Period”) to review and approve the matters described in Sections 2.1(b)-(f) above in Buyer’s sole discretion (title and survey review and approval shall be governed by the provisions of Section 4.1 below). If Buyer determines to proceed with the purchase of the Property, then Buyer shall, before the end of the Contingency Period, so notify Seller in writing, in which case Buyer shall be deemed to have approved all of the matters described in Sections 2.1(a)-(f) above (subject to the provisions of Section 4.1 below as to title and survey matters), including, without limitation, all documents, Service Contracts and other contracts, agreements, reports and other items and materials related to the Property prepared by or on behalf of Seller which have been delivered or otherwise made available to Buyer (collectively, the “Due Diligence Materials”), and the Deposit shall become nonrefundable except as expressly provided herein. If before the end of the Contingency Period Buyer fails to give Seller such written notice, then Buyer shall be deemed to have elected to terminate this Agreement, the Promissory Note shall be immediately returned to Buyer, and neither party shall have any further rights or obligations hereunder except as provided in Sections 6.1, 9.3 and 9.9 below.
Contingency Period. Purchaser shall have a period of four (4) business days following the date on which Seller delivers the Due Diligence Items to Purchaser's broker in accordance with Article IV hereinabove in which to review and approve each such item (the "Contingency Period"). If the information to be provided pursuant to Article IV reflects or discloses any defect, exception or other matter affecting the Subject Property that is unacceptable to Purchaser, then prior to the expiration of the Contingency Period Purchaser shall provide the Title Company and Seller with written notice of Purchaser's objections. If no objections are made Purchaser prior to the expiration of the Contingency Period, then all contingencies shall be deemed waived by Purchaser, and the earnxxx xxxey shall be immediately released to Seller. If written objections are made by Purchaser in a timely manner, Seller may, at its sole option, elect to cure or remove the objections raised by Purchaser; provided, however, that Seller shall have no obligation to do so. Should Seller elect to attempt to cure or remove the objections, Seller shall have ten (10) days from the date of Purchaser's written notice of objections (the "Cure Period") in which to accomplish the cure. In the event Seller either elects not to cure or remove the objections or is unable to accomplish the cure prior to the expiration of the Cure Period, then Seller shall so notify the Title Company and Purchaser in writing specifying which objections Seller does not intend to cure, and then Purchaser shall be entitled, as Purchaser's sole and exclusive remedies, either to terminate this Contract by providing written notice of termination to Seller within five (5) days from the date on which Purchaser receives Seller's no-cure notice (in which case this Contract shall be cancelled, all earnxxx xxxey shall be immediately returned to Purchaser by the Title Company, and thereafter neither Seller nor Purchaser shall have any continuing obligations one unto the other) or waive the objections and close this transaction as otherwise contemplated herein. If Purchaser shall fail to notify Seller in writing of any objections to the state of Seller's title to the Subject Property as shown by the Title
Contingency Period. At all times during the "Contingency Period" (which Contingency Period is defined to be the period from and after the Effective Date and continuing through and including the date which is 6 0 days after the Effective Date), Developer's obligations under this Agreement are contingent upon:
Contingency Period. The “Contingency Period,” as defined in Section 1 of the Contract, is hereby extended to June 30, 2008.
Contingency Period. Buyer shall have until June 30, 2011, (such period up to and including June 30, 2011 being herein called the “Contingency Period”), in which to gain approval for the proposed transaction from its Board of Trustees and to approve or disapprove the following conditions in its sole discretion (the “Inspection Contingency”).
Contingency Period. Purchaser will have thirty (30) days following the Effective date (the “Contingency Period”) within which to complete Purchaser’s investigation of the Property and to obtain all required approvals for Purchaser’s purchase of the Property. All inspection fees and other expenses of any kind incurred by Purchaser relating to the inspection of the Property will be Purchaser’s sole responsibility. Purchaser will promptly repair, at its expense, any damage to the Property caused by Purchaser or its agents in conducting its inspection of the Property. Purchaser will coordinate its physical inspections of the Property with Seller prior to entry on the Property.
Contingency Period. The last day of the Contingency Period shall be, and hereby is, extended from September 13, 2011, at 12:00 p.m. Central Standard Time to September 15, 2011, at 5:00 p.m. Central Standard Time.
Contingency Period. In the event Buyer does not terminate during the Inspection Period, the Contingency Period shall commence immediately following the Inspection Period. The purpose of the Contingency Period is for Buyer to obtain and determine the following items, which Buyer will diligently pursue (“Contingency Period Conditions”):
Contingency Period. Purchaser shall have fifteen (15) days from the date of mutual acceptance and execution of the Agreement to determine if the Property is suitable for the Purchaser’s use. If the Purchaser determines at its sole discretion the Property is not suitable for its intended development, then the Agreement shall be null and void and both parties shall release each other from any further obligations under the terms of the Agreement.
Contingency Period. If Buyer determines, in Buyer's sole discretion, that the Property, or any part thereof, is not suitable or is not feasible for any reason whatsoever, Buyer may, at any time prior to the expiration of the Inspection Period terminate this Agreement by giving written notice to Seller. In the event of any such termination, all the Xxxxxxx Money shall be refunded to Buyer. This Agreement thereafter shall be null and void and neither party shall have any obligation to the other.
