Failure of a Condition. In the event any of the conditions set forth in this Section are not fulfilled or waived, this Agreement shall terminate and all rights and obligations hereunder of each party shall be at an end and the Deposit shall be returned to Purchaser, as Purchaser’s sole remedy and neither party shall have any obligations to the other.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Heritage Insurance Holdings, LLC), Purchase and Sale Agreement (Heritage Insurance Holdings, LLC)
Failure of a Condition. In the event any of the conditions set forth in this Section are not fulfilled or waivedwaived by the party holding such waiver right, this Agreement shall terminate and all rights and obligations hereunder of each party shall be at an end and the Deposit shall be returned to the Purchaser, as the Purchaser’s sole remedy and neither party shall have any obligations to the other.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (KBS Strategic Opportunity REIT, Inc.)
Failure of a Condition. In the event any of the conditions set forth in this Section are not fulfilled or waived, this Agreement shall terminate and all rights and obligations hereunder of each party shall be at an end and the Deposit shall be returned to the Purchaser, as the Purchaser’s sole remedy and neither party shall have any obligations to the other.
Appears in 1 contract
Samples: Purchase and Sale Agreement (TNP Strategic Retail Trust, Inc.)
