Common use of SALE OF OTHER PROPERTY Clause in Contracts

SALE OF OTHER PROPERTY. This Purchase Agreement shall be contingent upon the sale and the closing of such sale of Buyers property located at on or before . If the closing of such sale is not timely completed, through no fault of Buyer, then this agreement shall terminate, at the option of Buyer, and upon Buyer’s written request all deposits shall be returned to Buyer. The Buyer warrants that said property is currently being actively marketed and is listed with a licensed Realtor and that Buyer will notify Seller immediately of any change to said marketing activity and listing status. Seller shall have the right to terminate this contract at any time by giving ▇▇▇▇▇ 72 hours written notice. The time period will commence when Seller’s written notice has been delivered to buyer. The termination shall be effective automatically unless within the time period after delivery of such notice Buyer shall notify Seller in writing that Buyer will complete the purchase of the business even though the contingency in this paragraph 3 has not been fulfilled. ▇▇▇▇▇’s notice must include a copy of a contract for the sale of Buyer’s property described above, with a closing scheduled on or before the closing date herein. Date: 2/27/09 Time: 1:20 PM EST Date: 2/27/09 Time: 5:40 PM Indicate all that apply:

Appears in 1 contract

Sources: Purchase and Sale Agreement (City Capital Corp)

SALE OF OTHER PROPERTY. This Purchase Agreement shall be contingent upon the sale and the closing of such sale of Buyers property located at on or before . If the closing of such sale is not timely completed, through no fault of Buyer, then this agreement shall terminate, at the option of Buyer, and upon Buyer’s written request all deposits shall be returned to Buyer. The Buyer warrants that said property is currently being actively marketed and is listed with a licensed Realtor and that Buyer will notify Seller immediately of any change to said marketing activity and listing status. Seller shall have the right to terminate this contract at any time by giving ▇▇▇▇▇ 72 hours written notice. The time period will commence when Seller’s written notice has been delivered to buyer. The termination shall be effective automatically unless within the time period after delivery of such notice Buyer shall notify Seller in writing that Buyer will complete the purchase of the business even though the contingency in this paragraph 3 has not been fulfilled. ▇▇▇▇▇’s notice must include a copy of a contract for the sale of Buyer’s property described above, with a closing scheduled on or before the closing date herein. Date: 2/27/09 1/12/09 Time: 1:20 12:00 PM EST Date: 2/27/09 1/13/09 Time: 5:40 3:50 PM Indicate all that apply:

Appears in 1 contract

Sources: Purchase and Sale Agreement (City Capital Corp)