Common use of Inability to Convey Clause in Contracts

Inability to Convey. Except as expressly set forth in Section 9.6, nothing contained in this Agreement shall be deemed to require the Sellers to take or bring, or to cause a Property Owner to take or bring, any legal action or proceeding or any other steps to remove any title exception or to expend any moneys therefor, nor shall the Buyer have any right of action against either of the Sellers or Property Owners, at law or in equity, for Wabash LLC's, and only to the extent the City Center Assignors have an interest in the Property, the City Center Assignors', inability to convey title, or to transfer the Interests, subject only to the Permitted Exceptions.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Prime Group Realty Trust)

Inability to Convey. Except as expressly set forth in Section 9.6, nothing contained in this Agreement shall be deemed to require the Sellers to take or bring, or to cause a Property Owner City Center LLC to take or bring, any legal action or proceeding or any other steps to remove any title exception or to expend any moneys therefor, nor shall the Buyer have any right of action against either of the Sellers or Property OwnersCity Center LLC, at law or in equity, for Wabash LLC'swith respect to, and only to the extent that the City Center Assignors Sellers have an interest in the Property, the City Center AssignorsSellers', inability to convey title, or to transfer the Interests, subject only to the Permitted Exceptions.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Prime Group Realty Trust)