Common use of APPROVAL CONTINGENCY Clause in Contracts

APPROVAL CONTINGENCY. ▇▇▇▇▇▇▇▇▇ agrees to commence pre-development due diligence and zoning and planning applications, and to prosecute same, as expeditiously as reasonably possible. Purchaser’s obligation to close shall be contingent upon Purchaser having obtained all necessary municipal and/or governmental approvals (“Approval Contingency”), including required final subdivision, zoning changes or variances, site plan approval and other local, state, or federal land use permits, sufficient to construct the Project on the Premises (“Land Use Approvals”). The Seller agrees to cooperate with and publicly support such applications, to neither take nor fail to take, nor allow, any action detrimental to the receipt of Land Use Approvals or the Project. Purchaser shall be responsible for the costs necessary to obtain said approvals.

APPROVAL CONTINGENCY. ▇▇▇▇▇▇▇▇▇ agrees to commence pre-pre- development due diligence and zoning and planning applications, and to prosecute same, as expeditiously as reasonably possible. Purchaser’s obligation to close shall be contingent upon Purchaser having obtained all necessary municipal and/or governmental approvals (“Approval Contingency”), including required final subdivision, zoning changes or variances, site plan approval and other local, state, or federal land use permits, sufficient to construct the Project on the Premises (“Land Use Approvals”). The Seller agrees to cooperate with and publicly support such applications, to neither take nor fail to take, nor allow, any action detrimental to the receipt of Land Use Approvals or the Project. Purchaser shall be responsible for the costs necessary to obtain said approvals.