Common use of Permitted Termination Clause in Contracts

Permitted Termination. In the event that Buyer exercises any right it may have hereunder to terminate this Agreement, the Deposit shall be immediately returned to Buyer and neither party shall have any further obligation or liability under this Agreement except as otherwise expressly provided hereunder.

Appears in 4 contracts

Sources: Purchase and Sale Agreement (Emcore Corp), Real Estate Sales Contract (Lawson Products Inc/New/De/), Real Estate Sales Contract (Ddi Corp)

Permitted Termination. In the event that Buyer exercises any right it may have hereunder to terminate this AgreementAgreement that references this Section 18.8, the Deposit shall be immediately returned to Buyer and neither party shall have any further obligation or liability under this Agreement except as otherwise expressly provided hereunder.

Appears in 2 contracts

Sources: Real Estate Sales Contract, Real Estate Sales Contract (Industrial Income Trust Inc.)

Permitted Termination. In the event that Buyer exercises any right it may have hereunder to terminate this Agreement, the Deposit shall be immediately returned to Buyer and neither party shall have any further obligation or liability under this Agreement Agreement, including with respect to all costs and expenses incident to this transaction, which costs and expenses shall be paid by the party which incurred the same, except as otherwise expressly provided hereunder.

Appears in 1 contract

Sources: Real Estate Sales Contract (Silver Bay Realty Trust Corp.)

Permitted Termination. In the event that Buyer exercises any right it may have hereunder to terminate this Agreement, then, unless this Agreement provides otherwise, the Deposit shall be immediately returned to Buyer Buyer, less independent contract consideration, and neither party shall have any further obligation or liability under this Agreement except as otherwise expressly provided hereunder.

Appears in 1 contract

Sources: Real Estate Sales Contract (Medalist Diversified REIT, Inc.)