Common use of FAILURE TO OBTAIN CONSENT Clause in Contracts

FAILURE TO OBTAIN CONSENT. In the event all Required Consents have not been obtained at least two (2) days prior to the Outside Closing Date (as the same may be extended in accordance with the terms of Paragraph 18 hereof), this Agreement shall be terminated (in which case the provisions of Paragraph 9(c) of this Agreement shall govern).

Appears in 1 contract

Sources: Real Estate Purchase and Sale Agreement (Steadfast Income REIT, Inc.)

FAILURE TO OBTAIN CONSENT. In the event all Required Consents have not been obtained at least two one (21) days business day prior to the Outside Closing Date (as the same may be extended in accordance with the terms of Paragraph 18 hereof), this Agreement shall be terminated (in which case the provisions of Paragraph 9(c) of this Agreement shall govern).

Appears in 1 contract

Sources: Real Estate Purchase and Sale Agreement (Steadfast Income REIT, Inc.)