Common use of Acceptance of Deeds Clause in Contracts

Acceptance of Deeds. Purchaser hereby acknowledges and agrees that the acceptance of the Deeds (as hereinafter defined in Section 4.1(b)(i)) by Purchaser shall be deemed to be full performance and discharge of every agreement and obligation on the part of Seller to be performed under this Agreement except those, if any, which are herein specifically stated to survive delivery of the Deeds. No agreement or representation or warranty made in this Agreement by Seller will survive the Closing and the delivery of the Deeds, unless expressly provided otherwise herein.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Preferred Apartment Communities Inc), Purchase and Sale Agreement (Highwoods Realty LTD Partnership)

Acceptance of Deeds. Purchaser hereby acknowledges and agrees that the acceptance of the Deeds a Deed (as hereinafter defined in Section 4.1(b)(i)defined) by Purchaser shall be deemed to be full performance and discharge of each and every agreement and obligation on the part of the applicable Seller to be performed under this Agreement except those, if any, which are set forth in the applicable Closing Documents and those which are herein specifically stated to survive the Closing and the delivery of the Deedssuch Deed. No agreement or representation or warranty made in this Agreement by any Seller will survive the Closing and the delivery of the DeedsDeed by such Seller, unless expressly provided otherwise hereinotherwise.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Equity One, Inc.)