Real Property PSA definition
Examples of Real Property PSA in a sentence
Further, in the event the closing of the Real Property PSA is delayed, Seller shall have the unilateral right to delay the Closing hereunder day-for-day for the amount of days of the delay in closing such Real Property PSA; in the event Seller requires such a delay, it shall provide written notice of the same to Buyer and keep Buyer apprised of such Real Property PSA closing delays.
All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection with this Agreement (excluding any real property transfer Tax and any other similar Tax, which shall be treated in accordance with the terms set forth in the Real Property PSA) (collectively, “Transfer Taxes”) shall be borne and paid fifty percent (50%) by Buyer and fifty percent (50%) by Seller when due.
The transactions contemplated by the Real Property PSA shall be completed simultaneously with the Closing hereunder.
Therefore, notwithstanding anything herein to the contrary, the Parties acknowledge and agree that the Closing of this Contract is contingent upon the closing of the Real Property PSA and, in the event such Real Property PSA does not close, Seller shall have the right and option to terminate this Contract at any time upon written notice thereof to Buyer, whereupon the ▇▇▇▇▇▇▇ Money shall be returned to Buyer, and neither Party shall have any further obligations hereunder.