Due Diligence Conditions. The foregoing conditions in this Section 6 are all of Buyer's due diligence conditions precedent, and these conditions precedent are intended solely for the benefit of Buyer. If within Buyer's due diligence period, Buyer does not give Seller written notice of approval of the due diligence contingencies, Buyer shall be deemed to have elected to terminate this Agreement and the Initial Deposit shall be returned to Buyer (together with interest thereon, if any). In the event Buyer gives written notice of Buyer's acceptance and/or waiver of all said due diligence contingencies, then this Agreement shall continue in full force and effect and Buyer shall increase its deposit as set forth in Section 3 above. Once Buyer has approved and/or waived its due diligence contingencies, Buyer may not cancel this Agreement.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Montgomery Realty Group Inc)
Due Diligence Conditions. The foregoing conditions in this Section 6 5 are all of Buyer's due diligence conditions precedent, and these conditions precedent are intended solely for the benefit of Buyer. If within Buyer's due diligence period, Buyer does not give Seller written notice of approval of the due diligence contingencies, Buyer shall be deemed to have elected to terminate this Agreement and the Initial Deposit shall be returned to Buyer (together with interest thereon, if any). In the event Buyer gives written notice of Buyer's acceptance and/or waiver of all said due diligence contingencies, then this Agreement shall continue in full force and effect and Buyer shall increase its deposit as set forth in Section 3 above. Once Buyer has approved and/or waived its due diligence contingencies, Buyer may not cancel this Agreement.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Montgomery Realty Group Inc)
Due Diligence Conditions. The foregoing conditions in this Section 6 are all of Buyer's due diligence conditions precedent, and these conditions precedent are intended solely for the benefit of Buyer. If within Buyer's due diligence period, Buyer does not give Seller written notice of approval of the due diligence contingenciescontingencies in Buyer's sole and absolute discretion, Buyer shall be deemed to have elected to terminate this Agreement and the Initial Deposit shall be returned to Buyer (together with interest thereon, if any)) as more particularly set forth in Section 8 below. In the event Buyer gives written notice of Buyer's acceptance and/or waiver of all said due diligence contingencies, in Buyer's sole and absolute discretion, then this Agreement shall continue in full force and effect and Buyer shall increase its deposit as set forth in Section 3 aboveeffect. Once Buyer has approved and/or waived its due diligence contingencies, Buyer may not cancel this AgreementAgreement except as otherwise set forth herein.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Montgomery Realty Group Inc)