Feasibility Date definition
Examples of Feasibility Date in a sentence
If ▇▇▇▇▇ fails to give written notice of objection to Seller on or before the Feasibility Date, all matters reflected on the Title Commitment shall be deemed to be Permitted Encumbrances.
Retail Store Inventory shall mean the grocery and related products located at the retail locations of the Loan Parties.
Failure by Buyer to give the Feasibility Notice by the Feasibility Date shall be deemed Buyer’s approval of the Feasibility Matters and shall be deemed to be a waiver of Buyer’s right to terminate the Escrow pursuant to this provision.
If Buyer fails to give timely written notice of termination of this Agreement on or prior to the Feasibility Date, then Buyer shall be deemed to have waived any right to terminate this Agreement under this Section 7(b).
The date set for conveyance of title to the Property and the performance of all conditions (except those conditions expressly required to be performed earlier pursuant to this Agreement) relating thereto (“Closing” or “Closing Date” or “Close of Escrow”) shall occur on or before thirty (30) days after the Feasibility Date.
If this Agreement is terminated prior to the expiration of the Feasibility Date, the First Deposit shall nevertheless be nonrefundable.
If Buyer does not terminate this Agreement on or before the Feasibility Date, Buyer shall deliver in escrow to the Escrow Agent the Additional Deposit which shall become part of the Deposit upon delivery, shall be non-refundable, and shall be held by the Escrow Agent in accordance with the provisions of this Agreement.
If Buyer shall give written notice of termination to Seller before the Feasibility Date, this Agreement shall be terminated.
Seller agrees to deliver the form of the tenant estoppel certificate attached hereto as Exhibit B to the Tenants and request that each Tenant execute and return an Estoppel no later than the Feasibility Date.
Notwithstanding anything stated to the contrary herein, if this Agreement is terminated after the Feasibility Date, all of the E▇▇▇▇▇▇ Money shall be nonrefundable unless the termination is the result of Seller’s default, in which event only the Second Deposit shall be refunded to Buyer.