Purchaser’s Option to Cancel Sample Clauses

Purchaser’s Option to Cancel. Following PURCHASER’S review and inspection of SELLER’S Business Records, Assets and Lease, if PURCHASER IS NOT SATISFIEDFOR ANY REASON WHATSOEVER, PURCHASER shall have the option of canceling this Agreement by written notice to SELLER and BROKER (the “Due Diligence Cancellation Notice”) made no later than the last day of the review and inspection period under paragraph 4.1, and thereafter, upon request, SELLER agrees to execute and deliver a written statement authorizing the release of the escrow deposit(s) to PURCHASER (the “Escrow Release Authorization” form). Upon PURCHASER’S receipt of a refund of the escrow deposit, SELLER, PURCHASER and BROKER shall have no further obligation one to the other under this Agreement.
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Purchaser’s Option to Cancel. If prior to the Closing a material portion of the Real Property is taken by eminent domain or made the subject of filed condemnation proceedings, then Seller shall give Purchaser prompt written notice thereof and Purchaser may elect, by written notice to Seller within ten (10) days after Purchaser shall have received written notice of such event from Seller, to terminate this Contract. Failure of Purchaser to timely elect to cancel this Contract is deemed Purchaser’s waiver of the right to terminate under this Section. If Purchaser timely elects to cancel this Contract, as aforesaid, then the Title Company will return the Net Xxxxxxx Money to Purchaser free and clear of all rights and claims of Seller with respect thereto, the Independent Consideration will be delivered to Seller, and thereafter neither Seller nor Purchaser shall have any further rights or obligations hereunder except the Surviving Obligations. For purposes hereof, a “material portion of the Real Property” means any portion of the Real Property except a widening of an adjacent roadway by ten (10) feet or less and except any taking that is a total of five (5) acres or less.
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Purchaser’s Option to Cancel. The commencement or completion of any such proceeding shall have no effect on this Agreement unless Purchaser, by reason thereof, elects at its option, within thirty (30) days after receipt by it of Seller’s notice of such taking, to cancel this Agreement by giving written notice thereof to Seller to such effect, and upon the giving of such notice, Title Company shall refund the Refundable Initial Deposit to Purchaser, and this Agreement shall become null and void and of no further force or effect, with neither party having any further rights or liabilities hereunder with respect to the purchase and sale of the Property.
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Purchaser’s Option to Cancel. If prior to the Closing any material portion of the Property is taken by eminent domain, or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings), Seller shall give Purchaser prompt written notice thereof and Purchaser may elect, by written notice to Seller within twenty (20) days after Purchaser shall have received written notice of such event from Seller, to cancel this Agreement without further liability. If Purchaser elects to cancel this Agreement, as aforesaid, then the Title Company will return the Xxxxxxx Money (and any Extension Payment) to Purchaser free and clear of all rights and claims of Seller with respect thereto, and thereafter neither Seller nor Purchaser shall have any further rights or obligations hereunder except for the Surviving Duties. For purposes hereof, a “material portion of the Property” means any portion of the Property that Purchaser determines in its good faith judgment will have a material, adverse affect on Purchaser’s proposed use, improvement or operation of the Property after Closing for the purposes contemplated by Purchaser, or will materially impede full exercise or use of important access, drainage or other appurtenances to (or comprising part of) the Property, or will materially increase the cost of operation of the Property for Purchaser’s intended uses, or materially reduce the resale value of the Property or future legally permitted uses to which it may be put in the future.
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Purchaser’s Option to Cancel. The commencement or completion of any such proceeding shall have no effect on this Agreement unless Purchaser, by reason thereof, elects at its option, to cancel this Agreement by giving written notice thereof to Seller to such effect, and upon the giving of such notice, the Exxxxxx Money Deposit with interest thereon shall be refunded to Purchaser, and thereupon this Agreement shall become null and void and of no further force or effect, with neither party having any further rights or liabilities hereunder.
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Purchaser’s Option to Cancel. Purchaser shall have the option to terminate this Agreement and receive a return of its consideration in the case of:
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Purchaser’s Option to Cancel. The commencement or completion of any such proceeding shall have no effect on this Agreement unless Purchaser, by reason thereof, elects at its option, within ten (10) business days after receipt by it of Seller’s notice of such taking, to cancel this Agreement by giving written notice thereof to Seller to such effect, and upon the giving of such notice, the Xxxxxxx Money Deposit with interest thereon shall be refunded to Purchaser, and thereupon this Agreement shall become null and void and of lo further force or effect, with neither party having any further rights or liabilities hereunder, except or those obligations which expressly survive the termination of this Agreement. If applicable, the Closing Date shall be extended for up to ten (10) business days in order to afford Purchaser the full ten (10) business day period in which to elect whether to proceed to Closing or terminate this Agreement.
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Purchaser’s Option to Cancel. If prior to the Closing any material portion of the Property is taken by eminent domain, or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings), Seller shall - 11 - [Real Estate Purchase and Sale Agreement (Xxxxx Spoils Tracts) - Pasadena Nitrogen LLC, Seller, and CPB Properties, LLC, Purchaser] give Purchaser prompt written notice thereof and Purchaser may elect, by written notice to Seller within twenty (20) days after Purchaser shall have received written notice of such event from Seller, to cancel this Agreement without further liability. If Purchaser elects to cancel this Agreement, as aforesaid, then the Title Company will return the Xxxxxxx Money (and any Extension Payment) to Purchaser free and clear of all rights and claims of Seller with respect thereto, and thereafter neither Seller nor Purchaser shall have any further rights or obligations hereunder except for the Surviving Duties. For purposes hereof, a "material portion of the Property" means any portion of the Property that Purchaser determines in its good faith judgment will have a material, adverse affect on Purchaser's proposed use, improvement or operation of the Property after Closing for the purposes contemplated by Purchaser, or will materially impede full exercise or use of important access, drainage or other appurtenances to (or comprising part of) the Property, or will materially increase the cost of operation of the Property for Purchaser's intended uses, or materially reduce the resale value of the Property or future legally permitted uses to which it may be put in the future.
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Related to Purchaser’s Option to Cancel

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • Conditions to Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Securities at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions may be waived by the Purchaser at any time in its sole discretion:

  • Conditions Precedent to the Right of the Company to Deliver an Advance Notice The right of the Company to deliver an Advance Notice and the obligations of the Investor hereunder with respect to an Advance are subject to the satisfaction or waiver, on each Advance Notice Date (a “Condition Satisfaction Date”), of each of the following conditions:

  • Acknowledgment Regarding Purchasers’ Purchase of Shares The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares. The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

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