Common use of Post-Closing Agreement Clause in Contracts

Post-Closing Agreement. If Purchaser declares bankruptcy or seeks receivership protection within 12 months after the Closing Date, or if Purchaser does not commence site development of the Property within 12 months after the Closing Date, Seller shall be entitled to repurchase the Property for the full consideration paid by Purchaser and dispose of or keep the Property as Seller may at that time determine in its sole discretion. A repurchase option shall be recorded with the Washtenaw County Register of Deeds at the time of closing to preserve Seller’s rights herein.

Post-Closing Agreement. If Purchaser declares bankruptcy or seeks receivership protection within 12 36 months after the Closing Date, or if Purchaser does not commence site development of the Property within 12 36 months after the Closing Date, Seller shall be entitled to repurchase the Property for the full consideration paid by Purchaser and dispose of or keep the Property as Seller may at that time determine in its sole discretion. A repurchase option shall be recorded with the Washtenaw County Register of Deeds at the time of closing to preserve Seller’s rights herein.

Post-Closing Agreement. If Purchaser declares bankruptcy or seeks receivership protection within 12 months after the Closing Date, or if Purchaser does not commence site development of the Property within 12 months after the Closing Date, Seller shall be entitled to repurchase the Property for the full consideration paid by Purchaser Xxxxxxxxx and dispose of or keep the Property as Seller may at that time determine in its sole discretion. A repurchase option shall be recorded with the Washtenaw County Register of Deeds at the time of closing to preserve Seller’s rights herein.

Post-Closing Agreement. If Purchaser declares bankruptcy or seeks receivership protection within 12 36 months after the Closing Date, or if Purchaser does not commence site development of the Property within 12 36 months after the Closing Date, Seller shall be entitled to repurchase the Property for the full consideration paid by Purchaser Xxxxxxxxx and dispose of or keep the Property as Seller may at that time determine in its sole discretion. A repurchase option shall be recorded with the Washtenaw County Register of Deeds at the time of closing to preserve Seller’s rights herein.