Common use of Notice of Objections Clause in Contracts

Notice of Objections. 9.2.1 If Buyer fails to notify Seller in writing of any objections to the items set forth in SECTION 9.1.2 on or before the expiration of the Additional Property Inspection Period with respect to the applicable Additional Property, Buyer shall be conclusively deemed to have approved such items. 9.2.2 If Buyer notifies Seller in writing of any objections to the condition of one or both of the Additional Properties or any other matters relating to one or both of the Additional Properties and/or the operation or financial condition of one or both of the Additional Properties as set forth in SECTION 9.1.2 on or before the expiration of the Additional Property Inspection Period, the parties will have three (3) business days to agree upon a resolution of the objection(s). If the parties cannot agree within the three (3) business day period, then Buyer may terminate the Agreement (with respect to the applicable Additional Property only) by delivering written notice to Additional Seller (which notice must be given within two (2) business days after the expiration of the three (3) business day period), in which event all rights and obligations of the parties existing under the Agreement (with respect to the applicable Additional Property only) shall terminate and be of no further force or effect, except any rights and obligations which are expressly stated to survive the termination of this Agreement. The Hillside Closing Date and/or applicable Westlake Closing Date shall be appropriately extended by the time periods set forth herein for the parties to take the actions described above.

Notice of Objections. 9.2.1 If Buyer fails to notify Seller in writing of any objections to the items set forth in SECTION Section 9.1.2 on or before the expiration of the Additional Property Inspection Period with respect to the applicable Additional Property, Buyer shall be conclusively deemed to have approved such items. 9.2.2 If Buyer notifies Seller in writing of any objections to the condition of one or both of the Additional Properties or any other matters relating to one or both of the Additional Properties and/or the operation or financial condition of one or both of the Additional Properties as set forth in SECTION Section 9.1.2 on or before the expiration of the Additional Property Inspection Period, the parties will have three (3) business days to agree upon a resolution of the objection(s). If the parties cannot agree within the three (3) business day period, then Buyer may terminate the Agreement (with respect to the applicable Additional Property only) by delivering written notice to Additional Seller (which notice must be given within two (2) business days after the expiration of the three (3) business day period), in which event all rights and obligations of the parties existing under the Agreement (with respect to the applicable Additional Property only) shall terminate and be of no further force or effect, except any rights and obligations which are expressly stated to survive the termination of this Agreement. The Hillside Closing Date and/or applicable Westlake Closing Date shall be appropriately extended by the time periods set forth herein for the parties to take the actions described above.