Failure of Seller’s Conditions. If any of Seller’s Conditions have not been fulfilled within the applicable time periods, Seller may terminate this Agreement by delivery of written notice thereof to Buyer. Upon such termination, (i) the parties shall equally share the Cancellation Charges, and (ii) neither party shall thereafter have any rights or obligations to the other hereunder, other than pursuant to any provision hereof that expressly survives the termination of this Agreement. Notwithstanding the foregoing, (i) if any Seller’s Condition is not satisfied due to a default by B▇▇▇▇, Seller shall have the rights and remedies set forth in Section 12.2, and (ii) if any Seller’s Condition that is within the direction and control of Seller is not satisfied due to the unreasonable delay in acting by Seller, then Buyer shall have the rights and remedies set forth in Section 12.1.
Appears in 3 contracts
Sources: Real Estate Purchase and Sale Agreement (Inspire Veterinary Partners, Inc.), Real Estate Purchase and Sale Agreement (Inspire Veterinary Partners, Inc.), Real Estate Purchase and Sale Agreement (Inspire Veterinary Partners, Inc.)