Common use of Independent Consideration Clause in Contracts

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Parkway Properties Inc), Purchase and Sale Agreement (FSP Phoenix Tower Corp), Purchase and Sale Agreement (FSP 50 South Tenth Street Corp)

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Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Escrow Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing (defined below) the Independent Contract Consideration shall be applied to the Purchase Price. In the event this Agreement is terminated for any reason, Seller shall be entitled to the Independent Contract Consideration.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Parkway Properties Inc), Purchase and Sale Agreement (Parkway Properties Inc), Agreement for Purchase and Sale of Real Property and Escrow Instructions (T Reit Inc)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred Dollars ($100.00) 100.00 of the Deposit shall be paid to Seller if this Agreement is terminated for any reason will constitute non-refundable independent consideration (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration ) for Seller’s execution and delivery of this AgreementAgreement and, notwithstanding any other provisions of this Agreement to the contrary, will be paid to Seller upon the earlier to occur of: (i) termination of this Agreement for any reason, or (ii) the Closing. The Independent Consideration will be applied against the Purchase Price at Closing.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (EVO Transportation & Energy Services, Inc.), Asset Purchase and Sale Agreement (EVO Transportation & Energy Services, Inc.)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Xxxxxxx Money Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing, the Independent Contract Consideration shall be applied to the Purchase Price. In the event this Agreement is terminated for any reason, Seller shall be entitled to the Independent Contract Consideration.

Appears in 1 contract

Samples: Purchase and Sale Agreement (AmREIT, Inc.)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. Wherever this Agreement provides for the return of the Deposit to Buyer, such provision means that the Independent Contract Consideration will be paid over to Seller and the balance returned to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hartman Short Term Income Properties XX, Inc.)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing (defined below) the Independent Contract Consideration shall be applied to the Purchase Price. In the event this Agreement is terminated for any reason, Seller shall be entitled to the Independent Contract Consideration.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parkway Properties Inc)

Independent Consideration. Seller and Buyer Purchaser acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Xxxxxxx Money Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer Purchaser acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing, the Independent Contract Consideration shall be applied to the Purchase Price. In the event this Agreement is terminated for any reason, Seller shall be entitled to the Independent Contract Consideration.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (NNN Healthcare/Office REIT, Inc.)

Independent Consideration. Seller Sellers and Buyer Buyers acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller Sellers if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller Sellers may have hereunder. Moreover, Seller Sellers and Buyer Buyers acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s Sellers’ execution and delivery of this AgreementAgreement and is non-refundable to Buyers.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Medical REIT Inc.)

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Independent Consideration. Seller and Buyer Purchaser acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer Purchaser acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing, the Independent Contract Consideration shall be applied to the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hines Global REIT, Inc.)

Independent Consideration. Seller Sellers and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller Sellers if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller Sellers may have hereunder. Moreover, Seller Sellers and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s Sellers’ execution and delivery of this AgreementAgreement and is non-refundable to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Medical REIT Inc.)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this AgreementAgreement and is non-refundable to Buyer.

Appears in 1 contract

Samples: Contribution and Sale Agreement (Global Medical REIT Inc.)

Independent Consideration. Seller and Buyer acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Escrow Deposit shall be paid to Seller if this Agreement is terminated for any reason (the “Independent Contract Consideration”), in addition to any other rights Seller may have hereunder. Moreover, Seller and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Seller’s execution and delivery of this Agreement. At Closing (defined below) the Independent Contract Consideration shall be applied to the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parkway Properties Inc)

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