Seller Inability to Convey Sample Clauses

Seller Inability to Convey. If Seller shall be unable to convey title to the Premises at the Closing in accordance with the provisions of this Agreement, Purchaser, nevertheless, may elect to accept such title as Seller may be able to convey, but without any credit or liability on the part of Seller. If Purchaser shall not so elect, Purchaser may terminate this Agreement pursuant to Section 0.
View SourceView Similar (2)
Seller Inability to Convey. If Seller shall be unable to convey title to the Assets as provided herein or shall otherwise be unable to satisfy the conditions to Purchaser’s obligation to consummate the transactions contemplated by this Agreement, then Seller shall have the right by delivery of written notice to Purchaser to extend the date established herein for the Closing for a period not to exceed sixty (60) days. If at the end of such period, Seller shall nonetheless be unable to convey such title to the Assets or to otherwise satisfy such conditions, then Purchaser’s sole remedy shall be either (i) to accept such title as Seller is able to convey (without any claim on its part for abatement or reduction of the Total Consideration) or (ii) to terminate this Agreement according to the provisions hereof, whereupon the Deposit shall promptly be returned to Purchaser, all obligations of the parties hereunder shall cease and this Agreement shall be null and void and of no further force and effect, without recourse to either party.
View SourceView Similar (2)

Related to Seller Inability to Convey

  • Ability to Abandon CVR A Holder may at any time, at such Holder’s option, abandon all of such Holder’s remaining rights in a CVR by transferring such CVR to Parent without consideration therefor. Nothing in this Agreement is intended to prohibit Parent from offering to acquire CVRs for consideration in its sole discretion.

  • INSURANCE COMPANY NOT A PARTY TO THIS AGREEMENT The Insurer shall not be deemed a party to this Agreement, but will respect the rights of the parties as herein developed upon receiving an executed copy of this Agreement. Payment or other performance in accordance with the policy provisions shall fully discharge the Insurer from any and all liability.

  • Notice and Opportunity to Cure Notwithstanding the foregoing, it shall be a condition precedent to the Company’s right to terminate Executive’s employment for Cause and Executive’s right to terminate for Good Reason that (i) the party seeking termination shall first have given the other party written notice stating with specificity the reason for the termination (“breach”) and (ii) if such breach is susceptible of cure or remedy, a period of fifteen (15) days from and after the giving of such notice shall have elapsed without the breaching party having effectively cured or remedied such breach during such 15-day period, unless such breach cannot be cured or remedied within fifteen (15) days, in which case the period for remedy or cure shall be extended for a reasonable time (not to exceed an additional thirty (30) days) provided the breaching party has made and continues to make a diligent effort to effect such remedy or cure.

  • Authority to Contract Each Party represents and warrants that it has full right, power and authority to enter into and perform its obligations under this Agreement, and that the person signing this Agreement is duly authorized to enter into this Agreement on its behalf.

  • Ability to Service The Servicer is an approved seller/servicer of conventional residential mortgage loans for ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac, with the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Servicer is in good standing to service mortgage loans for either ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac. The Servicer is a member in good standing of the MERS system;