Common use of Permitted Termination Clause in Contracts

Permitted Termination. If this Agreement is terminated by either party pursuant to a right expressly given to it hereunder (a “Permitted Termination”), neither party shall have any further obligation to the other party except as expressly provided in the Agreement.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.), Purchase and Sale Agreement (Tarragon Corp), Membership Interest Purchase and Sale Agreement (Tarragon Corp)

Permitted Termination. If this Agreement is terminated by either party pursuant to a right expressly given to it hereunder (a "Permitted Termination"), neither party shall have any further obligation to the other party except as expressly provided in the Agreement.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Windtree Therapeutics Inc /De/), Purchase and Sale Agreement