Same Condition. If the Property is not in substantially the same condition at Closing as of the date of the offer, reasonable wear and tear excepted, then the Buyer may (i) terminate this Agreement and receive a return of the Xxxxxxx Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in addition to the Property, any of the Seller's insurance proceeds payable on account of the damage or destruction applicable to the Property.
Appears in 2 contracts
Samples: Agreement, Agreement for Purchase and Sale
Same Condition. If the Property is not in substantially the same condition at Closing as of the date of the offerthis Agreement, reasonable wear and tear excepted, then the Buyer may (i) terminate this the Agreement and receive a return of the Xxxxxxx Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in addition to the Property, any of the Seller's insurance proceeds payable on account of the damage or destruction applicable to the PropertyMoney.
Appears in 2 contracts
Samples: Agreement for Purchase and Sale of Real Property, Agreement for Purchase and Sale of Real Property
Same Condition. If the Property is not in substantially the same condition at Closing as of the date of the offer, reasonable wear and tear excepted, then the Buyer may (i) terminate this Agreement and receive a return of the Xxxxxxx Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in addition to the Property, any of the Seller's insurance ’s Insurance proceeds payable on account of the damage or destruction applicable to the Property.
Appears in 1 contract
Same Condition. If the Property is not in substantially the same or better condition at Closing as it was as of the date of the offer, reasonable wear and tear excepted, then the Buyer may (i) terminate this Agreement Contract and receive a return of the Xxxxxxx Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in addition to the Property, any of the Seller's insurance proceeds payable on account of the damage or destruction applicable to the PropertyMoney.
Appears in 1 contract
Samples: Agreement for Purchase and Sale (Global Growth Trust, Inc.)
Same Condition. If the Property is not in substantially the same condition at Closing as of the date of the offer, reasonable wear and tear exceptedexpected, then the Buyer may (i) terminate this the Agreement and receive a return of the Xxxxxxx Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in addition to the Property, any of the Seller's insurance proceeds payable on account of the damage or destruction applicable to the PropertyMoney.
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