Common use of Approval of Inspections Clause in Contracts

Approval of Inspections. If (a) Purchaser determines at any time prior to the expiration of the Inspection Period that the Property is not satisfactory to Purchaser, then (b) Purchaser may terminate this Contract by delivery of written notice to Seller within such Inspection Period given in accordance with the provisions of Section 13.1 hereof, in which event the Title Company shall return the Xxxxxxx Money Deposit to Purchaser and neither party shall have any further rights or liabilities hereunder, except as provided in Sections 5.1 and 11.1 hereof. If Purchaser does not timely deliver to Seller written notice of termination within such Inspection Period, the conditions of this Section 5.2 shall be deemed satisfied, and Purchaser may not thereafter terminate this Contract pursuant to this Section 5.2.

Appears in 1 contract

Samples: Contract to Purchase and Sell Property (Angeles Partners Xi)

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Approval of Inspections. If (a) Purchaser determines at any time prior to the expiration of the Inspection Period Period, that the Property is not satisfactory to Purchaser, then (b) Purchaser may terminate this Contract by delivery of deliver written notice to Seller within such Inspection Period Period, given in accordance with the provisions of Section 13.1 hereof, in which event the Title Company shall return the Xxxxxxx Earnest Money Deposit to Purchaser and neither party shall have any hxxx xxx further rights rights, liabilities or liabilities obligations hereunder, except as provided in Sections 5.1 and 11.1 hereoffor provisions of this Contract which by their terms expressly survive the termination of this Contract. If Purchaser does not timely deliver to Seller written notice of termination within such Inspection Period, the conditions of this Section 5.2 shall be deemed satisfied, and Purchaser shall be deemed to have approved the condition of the Property and may not thereafter terminate this Contract pursuant to this Section 5.2.

Appears in 1 contract

Samples: Contract of Sale (Angeles Income Properties LTD 6)

Approval of Inspections. If (a) Purchaser determines at any time prior to the expiration of the Inspection Period Period, that the Property is not satisfactory to Purchaser, then (b) Purchaser may terminate this Contract by delivery of deliver written notice of such determination to Seller within such Inspection Period Period, given in accordance with the provisions of Section 13.1 hereof, stating that Purchaser is not satisfied with the condition of the Property, in which event the Title Company shall return the Xxxxxxx Money Deposit to Purchaser and neither party shall have any further rights or liabilities hereunder, except as provided in Sections 5.1 and 11.1 hereoffor provisions of this Contract which expressly survive termination of this Contract. If Purchaser does not timely deliver to Seller written notice of termination within such Inspection Period, the conditions of this Section 5.2 shall be deemed satisfied, and Purchaser shall be deemed to have approved the condition of the Property and may not thereafter terminate this Contract pursuant to this Section 5.2.

Appears in 1 contract

Samples: Contract of Sale (Angeles Income Properties LTD 6)

Approval of Inspections. If (a) Purchaser determines at any time prior to the expiration of the Inspection Period Period, that the Property is not satisfactory to Purchaser, then (b) Purchaser may terminate this Contract by delivery of deliver written notice to Seller within such Inspection Period Period, given in accordance with the provisions of Section 13.1 hereof, in which event the Title Company shall return the Xxxxxxx Earnest Money Deposit to Purchaser and Purchasxx xxx neither party shall have any further rights rights, liabilities or liabilities obligations hereunder, except as provided in Sections 5.1 and 11.1 hereoffor provisions of this Contract which by their terms expressly survive the termination of this Contract. If Purchaser does not timely deliver to Seller written notice of termination within such Inspection Period, the conditions of this Section 5.2 shall be deemed satisfied, and Purchaser shall be deemed to have approved the condition of the Property and may not thereafter terminate this Contract pursuant to this Section 5.2.

Appears in 1 contract

Samples: Contract of Sale (Consolidated Capital Institutional Properties)

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Approval of Inspections. If (a) Purchaser determines at any time times prior to the expiration of the Inspection Period Period, that the Property is not satisfactory to Purchaser, then (b) Purchaser may terminate this Contract by delivery of written notice to Seller within such Inspection Period given in accordance with the provisions of Section 13.1 hereofhereof within such Inspection Period, in which event the Title Company shall return the Xxxxxxx Earnest Money Deposit to Purchaser and Purchasxx xxx neither party shall have any further rights or liabilities hereunder, except as provided in Sections 5.1 and 11.1 hereoffor provisions of this Contract which by their terms expressly survive the termination of this Contract. If Purchaser does not timely deliver to Seller written notice of termination within such Inspection Period, the conditions of this Section 5.2 shall be deemed satisfied, and Purchaser may not thereafter terminate this Contract pursuant to this Section 5.2.

Appears in 1 contract

Samples: Contract of Sale (Investors First Staged Equity L P)

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