Subsequent Disclosures. In the event Buyer, prior to the Closing ---------------------- Date, becomes aware, from Seller or otherwise, of any inaccuracy in the disclosures, information or representations previously provided to Buyer, which will have a material, adverse effect on Buyer, Buyer may either (i) terminate this transaction contemplated hereby, receive a refund of the applicable portion of the Deposit, and to the extent available pursue any rights or claims that Buyer may have against Seller as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer or (ii) proceed with the Closing, thereby waiving any rights that Buyer may have against Seller as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer. In no event shall Buyer be entitled to complete the Closing hereunder and then bring an action against Seller for damages as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer.
Appears in 4 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)
Subsequent Disclosures. In the event Buyer, prior to the ---------------------- Closing ---------------------- Date, becomes aware, from Seller or otherwise, of any inaccuracy in the disclosures, information or representations previously provided to Buyer, which will have a material, adverse effect on Buyer, Buyer may either (i) terminate this transaction contemplated hereby, receive a refund of the applicable portion of the Deposit, and to the extent available pursue any rights or claims that Buyer may have against Seller as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer or (ii) proceed with the Closing, thereby waiving any rights that Buyer may have against Seller as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer. In no event shall Buyer be entitled to complete the Closing hereunder and then bring an action against Seller for damages as a result of any inaccuracy in the disclosures, information or representations previously provided to Buyer.
Appears in 2 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)
