Examples of Termination Condition in a sentence
The Offer shall be made by means of an offer to purchase (the “Offer to Purchase”) that contains the terms set forth in this Agreement, the Minimum Condition, the Termination Condition and the other Offer Conditions.
Tenant shall have the right to terminate this Lease following damage to or destruction of all or a substantial portion of the Premises if the Premises are destroyed or damaged during the last twenty-four (24) months of the Term or any Extension, which termination shall be deemed to constitute a Termination Condition.
There is no express right on the part of the vendor to unilaterally extend a date for satisfaction of an Early Termination Condition.
If Buyer timely terminates this Back-Up Contract as provided in paragraph 5, or the Existing Buyer has removed the Termination Condition under the Existing Contract, then this Back-Up Contract shall automatically terminate and Buyer shall be deemed to have released Seller and Seller’s Broker and Buyer’s Broker, if applicable, from any claim, demand, liability, or loss under this Back-Up Contract.
If Buyer, after demand by Seller, fails to remove the Termination Condition within the time period provided in Paragraph 4, then the Contract shall automatically terminate and become null and void.