Parallel agreements. Seller agrees that if any of the Parallel Agreements are terminated by Purchaser pursuant to the "New Survey" provision of the applicable Parallel Amendment (which is the equivalent of Paragraph 7 of this Amendment), Seller shall notify Purchaser ("Parallel Termination Notice") before 11:00 a.m. CDT on August 24, 2015 (which notice may be given by email without the need for confirming overnight messenger) whether or not Seller is electing to terminate this Contract as a result of the termination by Purchaser of any Parallel Agreement. To the extent Seller fails to timely deliver a Parallel Termination Notice, Seller will be deemed to have terminated this Contract. First Amendment to Purchase and Sale Agreement 1 15269307_2
Appears in 1 contract
Sources: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)
Parallel agreements. Seller agrees that if any of the Parallel Agreements are terminated by Purchaser pursuant to the "New Survey" provision of the applicable Parallel Amendment (which is the equivalent of Paragraph 7 8 of this Amendment), Seller shall notify Purchaser ("Parallel Termination Notice") before 11:00 a.m. CDT on August 24, 2015 (which notice may be given by email without the need for confirming overnight messenger) whether or not Seller is electing to terminate this Contract as a result of the termination by Purchaser of any Parallel Agreement. To the extent Seller fails to timely deliver a Parallel Termination Notice, Seller will be deemed to have terminated this Contract. First Amendment to Purchase and Sale Agreement 1 15269307_2.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)
Parallel agreements. Seller agrees that if any of the Parallel Agreements are terminated by Purchaser pursuant to the "New Survey" provision of the applicable Parallel Amendment (which is the equivalent of Paragraph 7 of this Amendment), Seller shall notify Purchaser ("Parallel Termination Notice") before 11:00 a.m. CDT on August 24, 2015 (which notice may be given by email without the need for confirming overnight messenger) whether or not Seller is electing to terminate this Contract as a result of the termination by Purchaser of any Parallel Agreement. To the extent Seller fails to timely deliver a Parallel Termination Notice, Seller will be deemed to have terminated this Contract. First Amendment to Purchase and Sale Agreement 1 15269307_215269507_2
Appears in 1 contract
Sources: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)