Due Diligence Period definition

Due Diligence Period has the meaning set forth in Section 4.1.

Due Diligence Period has the meaning set forth in Section 7.1.

Due Diligence Period means the period from the date hereof until 5:00 p.m. Los Angeles, California time on May 21, 2013. During the Due Diligence Period and thereafter through Closing, and with reasonable advance notice to Seller, Purchaser, its agents and representatives shall be entitled to enter onto the Real Property during reasonable business hours (subject to the rights of tenants in possession) to perform inspections and tests of the Property and the structural and mechanical systems within any Improvements and interview tenants with Seller having the right to be present during any such tenant interviews; provided, however, that in no event shall (i) such inspections or tests unreasonably disrupt or disturb the on-going operation of the Property or the rights of the tenants at the Property, or (ii) Purchaser or its agents or representatives drill or bore on or through the surface of the Property or perform any invasive testing without Seller’s prior written consent, which consent may be given or withheld in Seller’s sole and absolute discretion. After making such tests and inspections, Purchaser agrees to promptly restore the Property to its condition prior to such tests and inspections (which obligation shall survive the Closing or any termination of this Agreement). Prior to Purchaser entering the Property to conduct the inspections and tests described above, Purchaser shall obtain and maintain, and shall cause each of its contractors and agents to maintain, at Purchaser’s sole cost and expense, general liability insurance, in the amount of One Million Dollars ($1,000,000) combined single limit for personal injury and property damage per occurrence, such policies to name Seller and Seller’s property manager as additional insured parties, which insurance shall provide coverage against any claim for personal liability or property damage caused by Purchaser or its agents, employees or contractors in connection with any entering of the Property. If Purchaser terminates this Agreement (other than as a result of a default by Seller), then, upon request from Seller (and only if and to the extent so requested), Purchaser agrees to promptly deliver to Seller copies of all final third-party reports, studies and results of physical tests and investigations obtained or conducted on behalf of Purchaser with respect to the Property provided that all such reports shall be provided without any representations and warranties on the part of Purchaser of any kind regarding the accuracy ...

Examples of Due Diligence Period in a sentence

• If the Title Commitment identifies exceptions to title other than Permitted Exceptions, then Buyer shall advise Seller in writing, not later than five (5) Business Days prior to the expiration of the Due Diligence Period, what matters of title are unaccepted by Bxxxx, in Bxxxx’s sole and absolute discretion (“Title Review Period”).

• At or prior to expiration of the Due Diligence Period, Buyer shall provide to Seller a schedule setting forth the list of all the Service Contracts that shall be assigned to, and assumed by, Buyer at the Closing (the “Assumed Contracts”).

• On the Closing Date, the Property (including, without limitation, any Utilities) shall be in a state of repair at least as good as the state of repair as of the expiration of the Due Diligence Period, normal wear and tear alone excepted, and there shall be no material change in the physical or environmental condition of the Property as of the expiration of the Due Diligence Period.

• During the Due Diligence Period, Buyer shall have the right to approve, in its sole discretion, the Service Contracts Buyer elects to assume upon Closing.

• The Closing of the purchase and sale of the Property pursuant to this Agreement (the “Closing”) shall be held and delivery of all items to be made at the Closing under the terms of this Agreement shall be made at the offices of Escrow Holder on the earlier date of (i) that is ten (10) days after the expiration of the Due Diligence Period, or (ii) such other date prior thereto as Buyer and Seller may mutually agree in writing (the “Closing Date”).

More Definitions of Due Diligence Period

Due Diligence Period shall have the meaning as set forth in Section 2.16.1.

Due Diligence Period means the period beginning upon the Effective Date and extending until the earlier of (i) 6:00 PM ET on the date that is thirty (30) days thereafter; and (ii) the date on which Sellers receive written notice of Buyer’s waiver of the Due Diligence Period.

Due Diligence Period means the period beginning upon the Effective Date and extending until 11:59 PM EDT on the date that is thirty (30) days thereafter or the date on which Seller receives written notice of Buyer’s waiver of the Due Diligence Period. Seller shall deliver to Buyer all of the Due Diligence Materials within five (5) business days after the Effective Date, and for each day that passes thereafter until all of the Due Diligence Materials are delivered to Buyer, the Due Diligence Period and the Closing Date shall be extended by one (1) business day.

Due Diligence Period means the period commencing prior to the execution of this Agreement and expiring at 5:00 p.m. Eastern Time on December 6, 2007.

Due Diligence Period shall have the meaning set forth in Section 2.2(a).

Due Diligence Period means the period commencing on the Effective Date and expiring on the earlier of: (i) 30 days after the Effective Date; or (ii) June 26, 2008.

Due Diligence Period means the period beginning upon the Effective Date and extending until 11:59 PM EST on the end of the date that is Twenty-eight (28) days thereafter. Seller shall deliver to Buyer all of the Due Diligence Materials within Five (5) business days after the Effective Date, and for each day that passes thereafter until all of the Due Diligence Materials are delivered to Buyer, the Due Diligence Period and the Closing Date shall be extended by one (1) business day.