Common use of No Binding Contract Clause in Contracts

No Binding Contract. BECAUSE THE PROPOSED REPC REPRESENTS A SHORT SALE, BUYER AND SELLER ACKNOWLEDGE AND AGREE THERE IS NO BINDING CONTRACT FOR THE PURCHASE AND SALE OF THE PROPERTY, AND NO ▇▇▇▇▇▇▇ MONEY IS REQUIRED, UNTIL BUYER, SELLER AND THE THIRD PARTIES REACH A WRITTEN AGREEMENT WITH EACH OTHER AS PROVIDED IN SECTION 4. 4. THIRD PARTY CONDITIONS. If one or more of the Third Parties requests modifications to the Proposed REPC ("Third Party Conditions") Seller shall, no later than four (4) days after Seller's receipt of the Third Party Conditions, provide a counter offer to Buyer that includes the Third Party Conditions that modify Buyer's obligations under the REPC. The Third Party Conditions shall not be binding upon Buyer or Seller without their mutual written consent, which consent may be withheld by ▇▇▇▇▇ and/or Seller in their respective sole discretion. If by the Approval Deadline referenced in Section 5 below, Buyer, Seller and the Third Parties reach a written agreement, and ▇▇▇▇▇ has not previously cancelled the Proposed REPC as referenced in Section 7 below, then Buyer and Seller shall be deemed to have entered into a binding contract with each other for the purchase and sale of the Property, with the Third Parties approval of the Short Sale.

No Binding Contract. BECAUSE THE PROPOSED REPC REPRESENTS A SHORT SALE, BUYER AND SELLER ACKNOWLEDGE AND AGREE THERE IS NO BINDING CONTRACT FOR THE PURCHASE AND SALE OF THE PROPERTY, AND NO ▇▇▇▇▇▇▇ MONEY IS REQUIRED, UNTIL BUYER, SELLER AND THE THIRD PARTIES REACH A WRITTEN AGREEMENT WITH EACH OTHER AS PROVIDED IN SECTION 4. 4. THIRD PARTY CONDITIONS. If one or more of the Third Parties requests modifications to the Proposed REPC ("Third Party Conditions") Seller shall, no later than four (4) days after Seller's receipt of the Third Party Conditions, provide a counter offer to Buyer that includes the Third Party Conditions that modify Buyer's obligations under the REPC. The Third Party Conditions shall not be binding upon Buyer or Seller without their mutual written consent, which consent may be withheld by ▇▇▇▇▇ Buyer and/or Seller in their respective sole discretion. If by the Approval Deadline referenced in Section 5 below, Buyer, Seller and the Third Parties reach a written agreement, and ▇▇▇▇▇ Buyer has not previously cancelled the Proposed REPC as referenced in Section 7 below, then Buyer and Seller shall be deemed to have entered into a binding contract with each other for the purchase and sale of the Property, with the Third Parties approval of the Short Sale.