Examples of Feasibility Period Expiration Date in a sentence
Buyer shall have the right, in its sole and absolute discretion, to either proceed to Closing hereunder in accordance with the terms hereof following the Feasibility Period Expiration Date or to terminate this Agreement on or before the Feasibility Period Expiration Date.
Following the Feasibility Period Expiration Date, the Deposit shall be non-refundable to the Buyer except in the event of a failed condition precedent to the obligation of the Buyer to close hereunder as set forth in Section 3.3 or in the event of a default by any of the Seller Parties under this Agreement which remains uncured beyond any applicable notice and cure period provided in this Agreement.
Purchaser may terminate this Contract at any time until the Feasibility Period Expiration Date for the failure of any investigation or contingency set forth in Section 4(b) above by providing written notice to Seller explaining the reasons for the termination ("Termination Notice").
The Closing Date is: Thirty (30) calendar days after the Feasibility Period Expiration Date.
Following the Feasibility Period Expiration Date, the Deposit shall be non-refundable to the Buyer except in the event of a failed condition precedent to the obligation of the Buyer to close hereunder as set forth in Section 3.3 or in the event of a default by Seller under this Agreement which remains uncured beyond any applicable notice and cure period provided in this Agreement.
Purchaser takes responsibility for, and the Property is subject to any deterioration of the physical condition of the Property and improvements resulting from ordinary wear and tear from and after the Feasibility Period Expiration Date and any loss or damage to the Property caused by Purchaser.
The Feasibility Period Expiration Date is hereby extended to 4:00 p.m., pacific standard time on May 29, 2015.
If Purchaser fails to provide Seller with the Termination Notice on or before the Feasibility Period Expiration Date, the condition of the Property shall be deemed acceptable and Purchaser shall be deemed to have waived any right to terminate this Contract.
If Purchaser fails to provide Seller with the Termination Notice on or before the Feasibility Period Expiration Date, the condition of the Property shall be deemed acceptable and Purchaser shall be deemed to have waived any right to terminate this Contract, except as otherwise set forth herein.
If Buyer determines, in its sole judgment, that Buyer wishes to proceed with the purchase of the Property, Buyer may waive its termination rights under this Section by delivering written notice to Seller (the “Waiver Notice”) not later than 4:00 p.m., pacific standard time on May 27, 2015 (the “Feasibility Period Expiration Date”), and within one (1) business day following the Feasibility Period Expiration Date, delivering the Additional Xxxxxxx Money to the Title Company.