Common use of Material Consideration Clause in Contracts

Material Consideration. Seller has given Buyer material concessions regarding this transaction in exchange for Buyer agreeing to the provisions of Section 8.4 and Section 8.5 and Seller’s acceptance of a sales price in the amount of the Purchase Price reflects the provisions of Section 8.4 and Section 8.5 so given to Seller by Buyer. Seller and Buyer each have initialed Section 8.4 and Section 8.5 to further indicate their awareness and acceptance of each and every provision hereof. The provisions of Section 8.4 and Section 8.5 shall survive the Closing and shall not be deemed merged into any instrument or conveyance delivered at the Closing.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Material Consideration. Seller has given Buyer material concessions regarding this transaction in exchange for Buyer agreeing to the provisions of Section 8.4 and Section 8.5 8.5, and Seller’s acceptance of a sales price in the amount of the Purchase Price reflects the provisions of Section 3.5, Section 8.4 and Section 8.5 so given to Seller by Buyer. Seller and Buyer each have initialed Section 3.5, Section 8.4 and Section 8.5 to further indicate their awareness and acceptance of each and every provision hereof. The provisions of Section 3.5, Section 5.4, Section 8.4 and Section 8.5 shall survive the Closing and shall not be deemed merged into any instrument or conveyance delivered at the Closing.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Weingarten Realty Investors /Tx/)