Common use of Acceptance Date Clause in Contracts

Acceptance Date. SELLER shall have until 5:00 P.M. (EST) on the fifth (5th) business day following Buyer's Execution Date, within which to accept this Agreement. In the event SELLER fails to accept this Agreement as of that time and date, this Agreement shall be null and void and of no further effect and BUYER shall be entitled to the prompt return from Escrow Agent of the Deposit.

Appears in 4 contracts

Sources: Agreement of Sale (Commercial Assets Inc), Agreement of Sale (Commercial Assets Inc), Agreement of Sale (Asset Investors Corp)

Acceptance Date. SELLER shall have until 5:00 P.M. (EST) on the fifth (5th) business day following BuyerBUYER's Execution Date, within which to accept this Agreement. In the event SELLER fails to accept this Agreement as of that time and date, this Agreement shall be null and void and of no further effect and BUYER shall be entitled to the prompt return from Escrow Agent of the Deposit.

Appears in 1 contract

Sources: Agreement of Sale (Asset Investors Corp)