Common use of Termination Without Default Clause in Contracts

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s 's obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit (other than the Nonrefundable Portion of the Deposit) shall be returned to Purchaser promptly following Purchaser’s 's compliance with its obligations under Section SECTION 5.3(c).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c)) and the parties shall have no further obligation to each other except for those obligations that expressly survive the termination of this Agreement.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Plymouth Industrial REIT Inc.)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except obtain the Required Consents by the Outside Consent Date that is not due to a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under then this AgreementAgreement shall terminate, the Deposit shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c)and the parties shall have no further liability to each other except for the Effective Date Surviving Obligations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Boston Properties Inc)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed Agreement (which shall be governed by Section 8.2) or tendered performance of all any default by Seller of its material obligations under this AgreementAgreement (which shall be governed by Section 8.3), the Deposit shall promptly be returned to Purchaser promptly following Purchaser’s compliance with its subject to the terms of Section 9.10 and neither party shall have any further obligations under Section 5.3(c)hereunder.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit (less the Independent Contract Consideration) shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc./De)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit (less the Independent Contract Consideration) shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).. Section 10.2

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit (including any Non-Refundable Amount) shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed Agreement (which shall be governed by Section 10.2) or tendered performance of all any default by Seller of its material obligations under this AgreementAgreement (which shall be governed by Section 10.3), the Deposit shall promptly be returned to Purchaser promptly following Purchaser’s compliance with its and neither Party shall have any further obligations under Section 5.3(c)hereunder.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c)) and the parties shall have no further obligation to each other except for those obligations that are herein stated to expressly survive the termination of this Agreement.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (GCP Applied Technologies Inc.)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall promptly be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Feldman Mall Properties, Inc.)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and the Deposit (less any Non-Refundable Amount, unless expressly provided that Purchaser has performed or tendered performance of all of its material obligations under otherwise in this Agreement, the Deposit ) shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under delivery of the certifications provided in Section 5.3(c).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)

Termination Without Default. If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall promptly be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Syratech Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.