Early Termination Conditions Clause Samples
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Early Termination Conditions. (a) The Vendor and Purchaser may include conditions in the Purchase Agreement that, if not satisfied, give rise to early termination of the Purchase Agreement, but only in the limited way described in this section.
(b) The Vendor is not permitted to include any conditions in the Purchase Agreement other than: the types of Early Termination Conditions listed in Schedule A; and/or the conditions referred to in paragraphs (j), (k) and (l) below. Any other condition included in a Purchase Agreement for the benefit of the Vendor that is not expressly permitted under Schedule A or paragraphs (j), (k) and (l) below is deemed null and void and is not enforceable by the Vendor, but does not affect the validity of the balance of the Purchase Agreement.
(c) The Vendor confirms that this Purchase Agreement is subject to Early Termination Conditions that, if not satisfied (or waived, if applicable), may result in the termination of the Purchase Agreement. Yes ✘ No
(d) If the answer in (c) above is “Yes”, then the Early Termination Conditions are as follows. The obligation of each of the Purchaser and Vendor to complete this purchase and sale transaction is subject to satisfaction (or waiver, if applicable) of the following conditions and any such conditions set out in an appendix headed “Early Termination Conditions”: Description of the Early Termination Condition: The Approving Authority (as that term is defined in Schedule A) is: The date by which Condition #1 is to be satisfied is the day of , 20 . Description of the Early Termination Condition: The Approving Authority (as that term is defined in Schedule A) is: The date by which Condition #2 is to be satisfied is the day of , 20 . The date for satisfaction of any Early Termination Condition may be changed by mutual agreement provided in all cases it is set at least 90 days before the First Tentative Closing Date, and will be deemed to be 90 days before the First Tentative Closing Date if no date is specified or if the date specified is later than 90 days before the First Tentative Closing Date. This time limitation does not apply to the condition in subparagraph 1(b)(iv) of Schedule A which must be satisfied or waived by the Vendor within 60 days following the later of: (A) the signing of the Purchase Agreement; and (B) the satisfaction or waiver by the Purchaser of a Purchaser financing condition permitted under paragraph (l) below.
(e) There are no Early Termination Conditions applicable to this Purchase Agree...
Early Termination Conditions. (a) The Vendor and Purchaser may include conditions in the Purchase Agreement that, if not satisfied, give rise to early termination of the Purchase Agreement, but only in the limited way described in this section.
(b) The Vendor is not permitted to include any conditions in the Purchase Agreement other than: the types of Early Termination Conditions listed in Schedule A; and/or the conditions referred to in paragraphs (j), (k) and (l) below. Any other condition included in a Purchase Agreement for the benefit of the Vendor that is not expressly permitted under Schedule A or paragraphs (j), (k) and
Early Termination Conditions. This Agreement is conditional until in order for the Vendor to obtain the Approval of the Town of Ajax (i) the siting of the Dwelling to be constructed upon the Land, including elevations, (ii) the Model Type of Dwelling (as described in Section 1(b) hereof to be constructed upon the Land and (iii) the exterior colour schemes and finishes of the Dwelling to be constructed upon the Land (as described in Schedule “I” hereto). The above Early Termination Conditions are for the benefit of both the Vendor and the Purchaser and cannot be waived by either party. The Vendor shall provide written notice of the satisfaction or non-satisfaction of the Early Termination Conditions in accordance with the requirements of Section 6 of the Tarion Addendum.
Early Termination Conditions. This Agreement may contain Early Termination Conditions as set out in paragraph 6 of the Addendum and where necessary on any appendix attached thereto. If the Early Termination Conditions are not satisfied or deemed satisfied (or waived or deemed to have been satisfied or waived, if applicable), as provided for in paragraph 6 of the Addendum, then this Agreement will terminate; monies shall be returned in accordance with the Addendum and the parties shall have no other obligations or liabilities pursuant to this Agreement, or otherwise at law or in equity.
Early Termination Conditions. The Lease Agreement is conditional upon the following, failing which the Lease Agreement shall automatically terminate, and any rent and/or any other amounts paid by the Tenant to the Landlord from the Commencement Date to the date that any of the following conditions are not satisfied shall be retained by the Landlord:
Early Termination Conditions. The Early Termination Conditions referred to in paragraph 6(d) of the Tarion Addendum are as follows: This Agreement is conditional upon the Vendor being satisfied, in its sole and absolute discretion that the Purchaser has the financial resources to complete the transaction contemplated in this Agreement. The Vendor shall have sixty (60) days following the later of: (A) the date of acceptance of this Agreement by the Vendor; and DRAFT
Early Termination Conditions. (a) The Vendor and Purchaser may include conditions in the Purchase Agreement that, if not satisfied, give rise to early termination of the Purchase Agreement, but only in the limited way described in this section.
(b) The Vendor is not permitted to include any conditions in the Purchase Agreement other than: the types of Early Termination Conditions listed in Schedule A; and/or the conditions referred to in paragraphs (i), (j) and