Failure to Terminate. If any portion of the Property is destroyed by casualty, taken by eminent domain or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings), and Purchaser does not elect to terminate this Agreement pursuant to Section 9.2 hereof, then at the Closing the following shall occur:
Appears in 1 contract
Sources: Purchase and Sale Agreement (Titan Global Holdings, Inc.)
Failure to Terminate. If any portion of the Property is destroyed by casualty, taken by eminent domain or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings), and Purchaser does not elect to terminate this Agreement is not terminated pursuant to Section 9.2 11.2 hereof, then at the Closing the following shall occur:
Appears in 1 contract
Sources: Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.)
Failure to Terminate. If any portion of the Property is destroyed by casualty, taken by eminent domain a Casualty or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings)a Taking occurs, and Purchaser does not elect to terminate this Agreement is not terminated pursuant to Section 9.2 hereof11.2, then at the Closing the following shall occur:
Appears in 1 contract
Sources: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)