Default Not Cured. If Seller does not cure its default within the Seller’s Cure Period then, upon notice to Seller, Purchaser may elect to either (i) proceed to Closing, in which case all rights to object to an event of default shall be waived by Purchaser; or (ii) terminate this Agreement. If Purchaser elects to terminate this Agreement under subsection (ii) above, then (A) the Deposit shall be retained by Purchaser; and (B) Purchaser shall not be entitled to pursue any action for damages against Seller for any cause whatsoever.
Appears in 3 contracts
Sources: Purchase Agreement (Global Medical REIT Inc.), Purchase Agreement (Global Medical REIT Inc.), Purchase Agreement (Global Medical REIT Inc.)