Primary Contingencies Clause Samples

Primary Contingencies. Buyer’s obligation to close on the purchase of the Property under this Contract is contingent upon each and all of the following (collectively, the “Primary Contingencies”): (1) all of Seller’s warranties, representations and covenants contained in this Contract shall be and remain true, correct, complete and fully performed;
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Primary Contingencies. ▇▇▇▇▇’s obligation to close on the purchase of the Property under this Contract is contingent upon each and all of the following (collectively, the “Primary Contingencies”): i. all of Seller’s warranties, representations and covenants contained in this Contract shall be and remain true, correct, complete, and fully performed; ii. all applicable governmental authorities having jurisdiction over the Property, including, without limitation, the City and the Commonwealth of Virginia (and their respective agencies) (collectively and as applicable, the “Governing Jurisdiction”) shall have issued all final, non- appealable site plan approvals, construction plan approvals, zoning approvals, variances, FAR approvals, land disturbance permits, wetlands permits, curb cut approvals, and other Federal, State and municipal approvals that Buyer deems, in its sole and absolute discretion, necessary or desirable for the development of the Property as intended by Buyer (collectively the “Approvals”), including but not limited to (a) Final Plat Approval (as defined in Subsection 5.d below) with conditions to approval of the final subdivision plat acceptable to Buyer in Buyer’s sole and absolute discretion; (b) Final Sewer Approval (as defined in Subsection 5.d below); (c) Final Water Approval (as defined in Subsection 5.d below); and (d) Rezoning Approval (as defined in Subsection 5.d below); iii. there shall have occurred no material adverse change in the physical (including environmental) or legal conditions of the Property from the conditions existing as of the Effective Date; iv. all applicable utility service providers have irrevocably committed in writing to provide the following underground utilities to sufficiently serve all Approved Units (as defined in Subsection 5.d below) within the Property: natural gas for heating, water heaters, cooking and fireplaces, telephone, electric, cable television, and high-speed internet service; v. Buyer shall have obtained any offsite easements and rights-of-way, and enter into any binding agreements, that in Buyer’s sole discretion are necessary and sufficient to install, locate, or relocate any utilities in order to allow Buyer to construct the Approved Units and related improvements intended to be constructed by Buyer shown on the Final Plat; vi. Seller shall be ready, willing and able to deliver good and marketable title (as defined in Section 8 below) to the Property to Buyer, and the Title Company shall be unconditionally pre...
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Related to Primary Contingencies

  • Contingencies (Choose and initial all the contingencies the Parties agree to.)

  • MORTGAGE CONTINGENCY A. This agreement is contingent upon Purchaser obtaining approval of a Conventional, FHA or VA (if FHA or VA, see attached required addendum) or mortgage loan of $ for a term of no more than years at an initial fixed or adjustable nominal interest rate not to exceed % (percent). Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this contract. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker. Upon receipt of a written mortgage commitment or in the event Purchaser chooses to waive this mortgage contingency, Purchaser shall provide notice in writing to of Purchaser’s receipt of the mortgage commitment or of Purchaser’s waiving of this contingency. Upon receipt of such notice this contingency shall be deemed waived or satisfied as the case may be. In the event notice as called for in the preceding sentence has not been received on or before , , then either Purchaser or Seller may within five business days of such date terminate, or the parties may mutually agree to extend, this contract by written notice to . Upon receipt of termination notice from either party, and in the case of notice by the Purchaser, proof of Purchaser’s inability to obtain said mortgage approval, this agreement shall be cancelled, null and void, and all deposits made hereunder shall be returned to the Purchaser.

  • COMMITMENTS AND CONTINGENCIES As of June 30, 2015, future minimum net payments under all operating leases are as follows (in thousands): Six months ending December 31, 2015 $ 87 $ 24 $ 111 Years ending December 31, 2017 — — — Total minimum net payments $ 87 $ 24 $ 111 Less: amount representing interest — Present value of net minimum payments 111 Less: current portion (111 ) Long-term portion of capital lease obligations $ — In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expires on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expires in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in August 2015. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2013. Rent expense under all operating leases was not significant for each of the three months ended June 30, 2015 and 2014, respectively.

  • FUNDING CONTINGENCY a. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this Contract and prior to completion of the work in this Contract, DCYF may: (1) Terminate this Contract with ten (10) days advance notice. If this Contract is terminated, the parties shall be liable only for performance rendered or costs incurred in accordance with the terms of this Contract prior to the effective date of termination; (2) Renegotiate the terms of the Contract under the new funding limitations and conditions; (3) After a review of project expenditures and deliverable status, extend the end date of this Contract and postpone deliverables or portions of deliverables; or (4) Pursue such other alternatives as the parties mutually agree to in writing. b. Any termination under this Section (FUNDING CONTINGENCY) shall be considered a Termination for Convenience.

  • Primary Contacts The Parties will keep and maintain current at all times a primary point of contact for this contract. The primary contacts for this this Contract are as follows: