Seller’s Defaults. Seller shall be deemed to be in default ----------------- under this Agreement, if in respect to the transaction contemplated by this Agreement, on or before the Closing, Seller shall have failed to meet, comply with, or perform any covenant, agreement, or obligation on its part required in this Agreement, within the time limits and in the manner required in this Agreement, for any reason other than a default by Buyer hereunder or termination of this Agreement prior to Closing pursuant to the express terms and conditions hereof.
Appears in 3 contracts
Samples: Agreement of Purchase (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
Seller’s Defaults. Seller shall be deemed to be in ------------------ default ----------------- under this Agreement, if in respect to the transaction contemplated by this Agreement, on or before the Closing, Seller shall have failed to meet, comply with, or perform any covenant, agreement, or obligation on its part required in this Agreement, within the time limits and in the manner required in this Agreement, for any reason other than a default by Buyer hereunder or termination of this Agreement prior to Closing pursuant to the express terms and conditions hereof.
Appears in 3 contracts
Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
