Vendor’s Conditions definition
Examples of Vendor’s Conditions in a sentence
If the Vendor fails to notify the Purchaser in writing of the satisfaction or waiver of all of the Vendor’s Conditions by the time specified above, this Contract will be null and void.
The Purchaser acknowledges and agrees that it is signing, or be deemed to have signed, this Contract under seal and that the Purchaser will not have any right to revoke his or her offer herein while this Contract remains subject to Vendor’s Conditions.
The Vendor’s Conditions are for the sole benefit of the Vendor and may be unilaterally waived in writing in whole or in part by the Vendor at any time up to and including the time specified above.
Based on the SPA, all the Vendor’s Conditions Precedent have been fulfilled save for the Vendor’s obligation to undertake the Material Repair, Rectification, Remedial and Replacement Works (based on the results of the Building Due Diligence Inspection and Audit Report) to the satisfaction of the independent consultant (“Outstanding Vendor’s Conditions Precedent”).
Any waiver of the Vendor’s Conditions shall not constitute a waiver or release of the Purchaser Parties of any responsibility or liability owed by the Purchaser Parties to the Vendor Parent, pursuant to the representations, warranties, covenants and agreements set forth herein, which shall survive in accordance with this Agreement.