Common use of Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions Clause in Contracts

Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions. If Seller terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Seller's obligations set forth in Section 8.1 or elsewhere in this Agreement and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's breach or default hereunder or under any of the Concurrent Contracts, or Buyer terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Buyer's obligations set forth in Section 7.2, 7.3, 7.4 or Section 8.2 or elsewhere in this Agreement, and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's breach or default hereunder or under any of the Concurrent Contracts, then the Deposit shall be promptly returned to Buyer.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust), Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust), Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions. If Seller terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Seller's obligations set forth in Section 8.1 or elsewhere in this Agreement and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's breach or default hereunder or under any of the Concurrent Contracts, or Buyer terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Buyer's obligations set forth in Section 7.2, 7.3, 7.4 or Section 8.2 or elsewhere in this Agreement, and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's breach or default hereunder or under any of the Concurrent Contractshereunder, then the Deposit shall be promptly returned to Buyer.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions. If Seller terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Seller's obligations set forth in Section 8.1 Sections 8.1, 19.13 or elsewhere in this Agreement and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's Affiliates breach or default hereunder or under any of the Concurrent Contracts, or Buyer terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Buyer's obligations set forth in Section Sections 7.2, 7.3, 7.4 7.4, 8.2 or Section 8.2 19.13 or elsewhere in this Agreement, and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's Affiliates breach or default hereunder or under any of the Concurrent Contracts, then the Deposit shall be promptly returned to Buyer.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions. If Seller terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Seller's obligations set forth in Section 8.1 or elsewhere in this Agreement and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' or New Castle's breach or default hereunder or under any of the Concurrent Contracts, or Buyer terminates this Agreement as a result of the lack of satisfaction of any one or more of the conditions to Buyer's obligations set forth in Section 7.2, 7.3, 7.4 or Section 8.2 or elsewhere in this Agreement, and the lack of satisfaction of a condition is not related to Buyer's or Buyer's Affiliates' Affiliate's or New Castle's breach or default hereunder or under any of the Concurrent Contracts, then the Deposit shall be promptly returned to Buyer.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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