Common use of Seller’s Closing Conditions Clause in Contracts

Seller’s Closing Conditions. The following shall be conditions precedent to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate the transaction contemplated by this Agreement are not satisfied in all material respects on or before the Closing Date, Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Price, or (b) terminate this Agreement by notice in writing to Purchaser.

Appears in 6 contracts

Samples: Sale Agreement and Joint Escrow Instructions (Maguire Properties Inc), Sale Agreement and Joint Escrow Instructions (Maguire Properties Inc), Sale Agreement and Joint Escrow Instructions (Maguire Properties Inc)

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Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate complete the transaction transactions contemplated by this Agreement. If any of Agreement is subject to the following conditions precedent (and conditions concurrent, with respect to deliveries to be made by the parties at Closing) (the "Seller's obligation to consummate the transaction contemplated by this Agreement are not satisfied in all material respects on or before the Closing DateConditions"), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or the time for satisfaction thereof extended, by Seller only in a writing executed by Seller (b) terminate this Agreement provided, however, that any such waiver shall not affect Seller's abilities to pursue any remedy it may have with respect to any breach hereunder by notice in writing to Purchaser.Buyer):

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Asset Investors Corp), Purchase and Sale Agreement (Asset Investors Corp), Purchase and Sale Agreement (Asset Investors Corp)

Seller’s Closing Conditions. The following Without limiting any of the rights of Seller elsewhere provided for in this Agreement, Seller’s obligation to close with respect to conveyance of the Property under this Agreement shall be conditions precedent subject to Seller's obligation to consummate and conditioned upon the transaction contemplated by this Agreement. If any fulfillment of each and all of the following conditions precedent to (collectively, “Seller's obligation to consummate the transaction contemplated by this Agreement are not satisfied in all material respects on or before the ’s Closing Date, Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Price, or (b) terminate this Agreement by notice in writing to Purchaser.Conditions”):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Grubb & Ellis Healthcare REIT, Inc.), Purchase and Sale Agreement (Gc Net Lease Reit, Inc.)

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate complete the transaction contemplated by this Agreement are not satisfied in all material respects on or before is subject to the following conditions precedent (and conditions concurrent, with respect to deliveries to be made by the parties at the Closing) (the "Seller's Closing DateConditions"), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Seller only in a writing to Purchaser.executed by Seller:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Northstar Realty), Purchase and Sale Agreement (Northstar Realty)

Seller’s Closing Conditions. The following shall be conditions precedent to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate the transaction contemplated by this Agreement are not satisfied in all material respects on or before the Closing Date, Seller may, at its option (a) waive such condition and close this transaction with no increase in the tie Purchase Price, or (b) terminate this Agreement by notice in writing to Purchaser.

Appears in 1 contract

Samples: Sale Agreement and Joint Escrow Instructions (Maguire Properties Inc)

Seller’s Closing Conditions. The following shall be conditions precedent to Seller's obligation to consummate the transaction contemplated by this Agreement. If Without limiting any of the following other conditions precedent to Seller's obligation ’s obligations to consummate close set forth in this Agreement, the transaction contemplated by obligations of Seller under this Agreement are not satisfied subject to the satisfaction that at the time of Closing, all of the representations by Buyer set forth in this Agreement or any Exhibit attached hereto shall be true and correct in all material respects on (any one of which may be waived in whole or before the Closing Date, in part by Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Price, or (b) terminate this Agreement by notice in writing prior to PurchaserClosing).

Appears in 1 contract

Samples: Purchase and Sale Agreement

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate complete the transaction contemplated by this Agreement are not satisfied in all material respects on or before is subject to the following conditions precedent (and conditions concurrent, with respect to the Escrow Deposits to be made by the Parties prior to the Closing Date) (“Seller’s Closing Conditions”), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction extended, by notice Seller only in a writing to Purchaserexecuted by Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate complete the transaction contemplated by this Agreement are not satisfied in all material respects on or before is subject to the following conditions precedent (the “Seller’s Closing DateConditions”), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Xxxxxx only in a writing to Purchaser.executed by Seller:

Appears in 1 contract

Samples: Lease Agreement

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Seller’s Closing Conditions. The following shall be conditions precedent obligation of Sellers to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate complete the transaction contemplated by this Agreement are not satisfied in all material respects on or before is subject to the following conditions precedent (and conditions concurrent, with respect to deliveries to be made by Buyer at the Closing) (the "Sellers’ Closing DateConditions"), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Sellers only in a writing to Purchaser.executed by Sellers:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Luna Azul Development Fund, LLC)

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Sellers to Seller's obligation to consummate complete the transaction transactions contemplated by this Agreement. If any of Agreement is subject to the following conditions precedent (and conditions concurrent, with respect to Seller's obligation deliveries to consummate be made by the transaction contemplated by this Agreement are not satisfied in all material respects on or before parties at Closing) (the "Sellers' Closing DateConditions"), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Sellers only in a writing to Purchaser.executed by Sellers:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate the transaction contemplated by this Agreement. If any of the following conditions precedent to Seller's obligation to consummate complete the transaction contemplated by this Agreement are not satisfied in all material respects on or before is subject to the Closing Datefollowing conditions precedent (and conditions concurrent, Seller maywith respect to deliveries to be made by the parties at the Closing) (the "SELLER'S CLOSING CONDITIONS"), at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Seller only in a writing to Purchaser.executed by Seller:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Morgans Hotel Group Co.)

Seller’s Closing Conditions. The following shall be conditions precedent obligation of Seller to Seller's obligation to consummate complete the transaction contemplated by this Agreement. If any of Contract is subject to the following conditions precedent (and conditions concurrent, with respect to deliveries to be made by the parties at the Closing) (collectively, the “Seller's obligation to consummate the transaction contemplated by this Agreement are not satisfied in all material respects on or before the ’s Closing DateConditions”), Seller may, at its option (a) waive such condition and close this transaction with no increase in the Purchase Pricewhich conditions may be waived, or (b) terminate this Agreement the time for satisfaction thereof extended, by notice Seller only in a writing to Purchaser.executed by Seller:

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (CAESARS ENTERTAINMENT Corp)

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