Additional Contingencies Clause Samples

Additional Contingencies. If by reason of the adoption after the Effective Date of any applicable law, treaty, rule or regulation, or any interpretation or administration after the Effective Date of any applicable law, treaty, rule or regulation by any governmental authority charged with the interpretation or administration thereof, or compliance by any Bank with any request or directive of such authority (whether or not having the force of law), the ability of the Agent to establish the Prime Rate shall be limited or restricted (other than by limitations or restrictions affecting the charging of interest generally), the Agent shall promptly provide notice thereof to the Borrowers and the Banks. Thereafter, the Company, the Agent and the Banks shall negotiate with a view to agreeing to a mutually acceptable alternative basis to make and maintain Floating Rate Loans. If an alternative basis is agreed upon within 30 days after the date of such notice, it shall apply in accordance with the terms of such agreement. If such alternative basis is not agreed upon within such 30-day period, the Borrowers shall on the 31st day after such notice is given repay in full the then-outstanding principal amount of each Floating Rate Loan so affected together with accrued interest thereon (computed at the rate applicable to such Floating Rate Loans immediately preceding the imposition 29 of such limitations or restrictions for the period after such imposition) and, during the continuance of such circumstances, the Borrowers shall not be entitled to request Floating Rate Loans so affected pursuant to Section 3.1 or continuations of or conversions to Floating Rate Loans so affected pursuant to Section 3.5.

Additional Contingencies. (a) Subject to the terms of Section 3.4(b) below, Purchaser shall have an additional ninety (90) days after the expiration of the Inspection Period (the “Design Approval Period”) solely to obtain preliminary design approval of the proposed parking garage from the Las Colinas Association (the “Design Approval”). Purchaser represents that it will use commercially reasonable efforts to obtain the Design Approval, will propose a design that is substantially consistent with the previous design submitted by Seller and Purchaser will submit its proposed design for approval within forty-five (45) days of the Effective Date. Seller shall timely execute any instruments reasonably necessary in connection with the processing of any such approvals. Subject to the terms of this Agreement, Purchaser agrees that all other aspects of the Property and Property Documents are deemed approved by Purchaser as of the expiration of the Inspection Period and Purchaser shall have no right to terminate this Agreement during the Design Approval Period as a result of the condition of the Property or Property Documents. (b) Purchaser shall have the right to negotiate leases directly with VHA/Novation and AMN Healthcare for the lease of space in the Property with an agent of Seller having the right to be present at all times during the negotiations and consulted regarding the scheduling of such negotiations, provided that such leases will not become effective until the Closing and such leases shall not be binding on Seller (such leases, together with the Design Approval, shall be referred to as the “Additional Contingencies”). Notwithstanding anything to the contrary set forth herein, Purchaser shall have an additional thirty (30) days after the expiration of the Inspection Period (“First Additional Contingency Period”) solely to complete the Additional Contingencies by giving written notice to Seller five days prior to the expiration of the Inspection Period. Notwithstanding anything to the contrary set forth herein, Purchaser shall have an additional thirty (30) days (“Second Additional Contingency Period”) after the expiration of the First Additional Contingency Period solely to complete the Additional Contingencies by giving written notice to Seller five days prior to the expiration of the First Additional Contingency Period. On the first day of the Second Additional Contingency Period Purchaser shall release $125,000 (“First Contingency Payment”) to Seller from the ▇▇▇▇▇▇▇ Money an...

Additional Contingencies. This Agreement is contingent upon (i) Buyer’s obtaining a commitment for financing in an amount and upon terms satisfactory to Buyer in its sole discretion; and (ii) Buyer's obtaining any required governmental permits, approvals or consents relating to the operation of the Business.

Additional Contingencies. This Contract is further contingent upon: ____________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________

Additional Contingencies. Notwithstanding the foregoing, Purchaser’s obligation to purchase the Property is contingent on the following contingencies being satisfied prior to the closing: F) In the event the above listed contingencies are not satisfied by the closing, Purchaser shall upon its request to terminate this Contract be entitled to a return of the ▇▇▇▇▇▇▇ Money.

Additional Contingencies. This Contract is further contingent upon the following: (a) Purchaser obtaining all requisite regulatory, administrative, or governmental authorizations and consents, and confirmation of all necessary public utilities and necessary permits; (b) absence of pending or threatened litigation, investigations or other matters affecting the Property; (c) confirmation that the representations and warranties of the parties are true and accurate in all respects; (d) Purchaser obtaining suitable financing to fund the Purchase Price; (e) approval of the sale of the Property by the City of ▇▇▇▇▇ by ordinance; (f) the Parks Approval; (g) the Zoning Approval; and (h) confirmation of acceptable amendment(s) to railroad setback suitable to Purchaser's needs to build the multifamily residential project as depicted in the tentative site plan attached hereto as Exhibit “E” (collectively “Contingencies”). For the avoidance of doubt, ▇▇▇▇▇▇ and Purchaser agree that if any Contingencies are not satisfied by closing, then, in addition to any remedies Purchaser has hereunder in the event the failure to satisfy such Contingency is also a Seller Default, Purchaser shall be entitled to terminate this agreement and receive a full refund of the Deposit upon notice to escrow agent.

Additional Contingencies. This Agreement is further contingent on Purchaser’s ability to enter in an acceptable agreement within thirty (30) days of the Effective Date to purchase the properties located at ▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (PIN 06-08-306-001) and the ▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (PIN ▇▇-▇▇-▇▇▇-▇▇▇).

Additional Contingencies. The commencement of the term of this Agreement is contingent on Highwood approving an agreement between Highwood and IAFF Local 3993 that resolves all ongoing labor and employment issues that relate to contracted fire services or arising out of the proposed dissolution of the Highwood Fire Department and contracting with Highland Park for fire service. If Highwood is unable to resolve those issues to its satisfaction, and thus cannot reach agreement with IAFF Local 3993, then this Agreement will be void with no penalty to Highwood.

Additional Contingencies. 1. Buyer must be able to obtain the first right of refusal to buy the property during the term of the lease. 2. Seller must provide financial information for the last 2 years, buyer must be satisfied with the information.