Common use of Failure of Condition Clause in Contracts

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing Date. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing Date. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.1010.9) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and the Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and the Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 10.10 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then then, subject to Section 10.9, Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) Earnest Xxxxx Xeposit and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as Obligations; provided in Section 10.9. Notwithstanding that, notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfiedsatisfied by the Closing Date, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and the Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then subject to Section 10.9, Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and the Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither no party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as Obligations, provided in Section 10.9. Notwithstanding that, notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s Sellers’ obligation to effect the Closing (as set forth in Section 10.1010.9) is not satisfied, then Seller Sellers shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice DAL02:624104.4 LEGAL_US_W # 74790953.14 42 thereof to Seller Sellers and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller Sellers or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 10.10 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing DateCompany, subject to section 10.9. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (including both the Initial Deposit and the Additional Deposit and all accrued interest thereon) ), and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s Sellers’ obligation to effect the Closing (as set forth in Section 10.1010.9) is not satisfied, then Seller Sellers shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller Sellers and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party Sellers nor Purchaser shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller Sellers or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 10.10 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then the provisions of Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.10) is not satisfiedsatisfied by the Closing Date, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and the Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, subject to Section 10.9, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and the Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither no party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as Obligations, provided in Section 10.9. Notwithstanding that, notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 shall not apply.

Failure of Condition. If any condition precedent to Seller’s obligation to effect the Closing (as set forth in Section 10.1010.9) is not satisfied, then Seller shall be entitled to terminate this Agreement by written notice thereof to Purchaser and Title Company by no later than the Closing DateCompany. If any condition precedent to Purchaser’s obligation to effect the Closing (as set forth in Section 10.8) is not satisfied by the Closing Date, then Purchaser shall be entitled to terminate this Agreement by written notice thereof to Seller and Title Company by no later than the Closing DateCompany. If this Agreement is so terminated, then Purchaser shall be entitled to receive the Xxxxxxx Money Deposit (and all accrued interest thereon) and neither party shall have any further obligations hereunder, except for Termination Surviving Obligations and except as provided in Section 10.9Obligations. Notwithstanding the foregoing, if the applicable conditions precedent are not satisfied due to a default by Seller or Purchaser hereunder, then Article XIII shall govern and this Section 10.11 10.10 shall not apply.