Common use of Damage or Condemnation Clause in Contracts

Damage or Condemnation. 9.1 In the event of any eminent domain or condemnation action before or on the Closing Date Seller shall immediately notify Purchaser and Purchaser may elect, in its sole discretion, to (a) terminate this Agreement, in which event neither party shall have any further liability under this Agreement except for those obligations which expressly survive the termination of this Agreement, or

Appears in 6 contracts

Sources: Redevelopment Agreement, Redevelopment Agreement, Real Estate Purchase and Sale Agreement

Damage or Condemnation. 9.1 In the event of any eminent domain or condemnation action before or on the Closing Date Seller shall immediately notify Purchaser and Purchaser may elect, in its sole discretion, to (a) terminate this Agreement, in which event neither party shall have any further liability under this Agreement except for those obligations which expressly survive the termination of this Agreement, or

Appears in 2 contracts

Sources: Redevelopment Agreement, Redevelopment Agreement