{"component": "clause", "props": {"groups": [{"size": 4, "snippet": "This development Contract shall be executed by the Developer within one hundred eighty (180) days from the date of approval of this Contract by the Board of Mayor and Aldermen. Failure to execute this Contract within the said one hundred eighty (180) days will result in the approval of the Board of Mayor and Aldermen being automatically withdrawn.", "samples": [{"hash": "kopdtb7C8Lt", "uri": "/contracts/kopdtb7C8Lt#approval-period", "label": "Project Development Contract", "score": 23.8391512663, "published": true}, {"hash": "8jy3MbtZXTK", "uri": "/contracts/8jy3MbtZXTK#approval-period", "label": "Project Development Contract", "score": 23.8391512663, "published": true}, {"hash": "kb0FeV8Sj6x", "uri": "/contracts/kb0FeV8Sj6x#approval-period", "label": "Project Development Contract", "score": 20.3579739904, "published": true}], "snippet_links": [{"key": "development-contract", "type": "definition", "offset": [5, 25]}, {"key": "by-the-developer", "type": "clause", "offset": [44, 60]}, {"key": "date-of-approval", "type": "clause", "offset": [107, 123]}, {"key": "this-contract", "type": "clause", "offset": [127, 140]}, {"key": "board-of-mayor-and-aldermen", "type": "definition", "offset": [148, 175]}, {"key": "failure-to-execute", "type": "clause", "offset": [177, 195]}, {"key": "approval-of-the-board", "type": "definition", "offset": [275, 296]}], "hash": "4c6fe19715dc743b6f5ce4bdecf759f3", "id": 2}, {"size": 3, "snippet": "During the period commencing on the Effective Date and expiring at 5:00 p.m. Central Time on December 8, 2016 (the \u201cApproval Period\u201d), the following matters shall be conditions precedent to Purchaser\u2019s obligations under this Agreement:\n(a) Purchaser\u2019s being satisfied, in Purchaser\u2019s sole discretion, that the Property is suitable for Purchaser\u2019s intended use; and\n(b) Purchaser\u2019s being satisfied, in Purchaser\u2019s sole discretion, with all of the Due Diligence Items. Purchaser shall have the right to terminate this Agreement by delivering written notice of such termination to Seller at any time prior to the expiration of the Approval Period, if, in Purchaser\u2019s sole and absolute discretion, Purchaser decides not to consummate the purchase of the Property contemplated hereby. In such event, this Agreement will terminate as of the date of such notice, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money shall be returned to Purchaser by the Escrow Agent and neither party shall have any further rights or obligations hereunder except for the Surviving Obligations. Should Purchaser fail to so terminate this Agreement pursuant to the foregoing provisions of this Section 4.1.1, then the termination right set forth in this Section 4.1.1 shall be deemed waived, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money shall become non-refundable (except as otherwise expressly provided in this Agreement) and the parties shall proceed to Closing.", "samples": [{"hash": "9gkodaWcSuv", "uri": "/contracts/9gkodaWcSuv#approval-period", "label": "Purchase and Sale Agreement (Strategic Storage Growth Trust, Inc.)", "score": 27.6584531143, "published": true}], "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [0, 17]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [18, 50]}, {"key": "central-time", "type": "definition", "offset": [77, 89]}, {"key": "on-december", "type": "clause", "offset": [90, 101]}, {"key": "conditions-precedent-to-purchaser", "type": "definition", "offset": [166, 199]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [202, 234]}, {"key": "sole-discretion", "type": "clause", "offset": [284, 299]}, {"key": "for-purchaser", "type": "clause", "offset": [331, 344]}, {"key": "intended-use", "type": "clause", "offset": [347, 359]}, {"key": "due-diligence-items", "type": "clause", "offset": [446, 465]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [492, 525]}, {"key": "notice-of", "type": "clause", "offset": [548, 557]}, {"key": "to-seller", "type": "definition", "offset": [575, 584]}, {"key": "at-any-time", "type": "clause", "offset": [585, 596]}, {"key": "prior-to-the", "type": "clause", "offset": [597, 609]}, {"key": "the-approval", "type": "clause", "offset": [624, 636]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [664, 692]}, {"key": "purchase-of-the-property", "type": "clause", "offset": [734, 758]}, {"key": "contemplated-hereby", "type": "clause", "offset": [759, 778]}, {"key": "date-of", "type": "clause", "offset": [835, 842]}, {"key": "the-\u2587", "type": "clause", "offset": [856, 861]}, {"key": "the-escrow-agent", "type": "definition", "offset": [908, 924]}, {"key": "neither-party-shall", "type": "clause", "offset": [929, 948]}, {"key": "rights-or-obligations", "type": "clause", "offset": [966, 987]}, {"key": "surviving-obligations", "type": "clause", "offset": [1013, 1034]}, {"key": "section-411", "type": "clause", "offset": [1134, 1147]}, {"key": "termination-right", "type": "clause", "offset": [1158, 1175]}, {"key": "deemed-waived", "type": "definition", "offset": [1217, 1230]}, {"key": "in-this-agreement", "type": "clause", "offset": [1318, 1335]}, {"key": "the-parties-shall", "type": "clause", "offset": [1341, 1358]}], "hash": "da4c3ecc884ade6ba16a011e813b3fce", "id": 4}, {"size": 2, "snippet": "15.01 The Union acknowledges that a 580 hour probationary period shall exist as a trial period within which Management reserves the right to fully appraise new employees and further recognizes that such employees may be terminated for reasons somewhat less serious than would justify the termination of an approved employee.\n15.02 An employee who successfully completes the 580 hour probationary period will become an approved employee. As an approved employee, he or she may then participate in the various benefit programmes of the Company which require approval. It is understood that certain of these benefit plans do not become effective until the first of the month following the employee's approval date.", "samples": [{"hash": "9GzewZHLJxX", "uri": "/contracts/9GzewZHLJxX#approval-period", "label": "Collective Agreement", "score": 22.8357289528, "published": true}], "snippet_links": [{"key": "the-union", "type": "clause", "offset": [6, 15]}, {"key": "probationary-period", "type": "clause", "offset": [45, 64]}, {"key": "trial-period", "type": "clause", "offset": [82, 94]}, {"key": "right-to", "type": "definition", "offset": [132, 140]}, {"key": "new-employees", "type": "clause", "offset": [156, 169]}, {"key": "employees-may", "type": "clause", "offset": [203, 216]}, {"key": "termination-of", "type": "definition", "offset": [288, 302]}, {"key": "an-employee-who", "type": "clause", "offset": [331, 346]}, {"key": "participate-in", "type": "definition", "offset": [481, 495]}, {"key": "of-the-company", "type": "clause", "offset": [527, 541]}, {"key": "benefit-plans", "type": "clause", "offset": [605, 618]}, {"key": "become-effective", "type": "clause", "offset": [626, 642]}, {"key": "the-employee", "type": "definition", "offset": [682, 694]}, {"key": "approval-date", "type": "clause", "offset": [697, 710]}], "hash": "ae596cf9e13cf68f65882c978aa30b00", "id": 10}, {"size": 36, "snippet": "During the period commencing on the Effective Date and expiring at 5:00 p.m. Central Time on the later to occur of (i) the forty fifth (45th) day following the Due Diligence Receipt Date, or (ii) the tenth (10th) day following the Plans and Specifications Receipt Date (herein, the \u201cApproval Period\u201d), the following matters shall be conditions precedent to Purchaser\u2019s obligations under this Agreement:\n(a) Purchaser\u2019s being satisfied in Purchaser\u2019s sole discretion that the Property is suitable for Purchaser\u2019s intended use; and\n(b) Purchaser\u2019s being satisfied, in Purchaser\u2019s sole discretion, with all of the Due Diligence Items, including without limitation the Plans and Specifications, together with all related construction documents. Purchaser may (but shall not be obligated to) terminate this Agreement by delivering written notice of such termination to Seller at any time prior to the expiration of the Approval Period, if, in Purchaser\u2019s sole and absolute discretion, Purchaser decides not to consummate the purchase of the Property contemplated hereby. In such event, this Agreement will terminate as of the date of such notice, and neither party shall have any further obligation hereunder except for the Surviving Obligations. If, in Purchaser\u2019s sole and absolute discretion, Purchaser determines that it desires to consummate the purchase of the Property contemplated hereby, then Purchaser will give written notice thereof (the \u201cClosing Notice\u201d) to Seller, prior to the expiration of the Approval Period. In the event that Purchaser provides Seller with the Closing Notice, then Purchaser will be deemed to have waived its termination rights under this Section 4.1.1, and the parties will proceed to Closing, subject to all other terms and conditions of this Agreement. If Purchaser does not give Seller the Closing Notice prior to the expiration of the Approval Period and has not previously terminated this Agreement by written notice to Seller, then this Agreement automatically shall terminate upon the expiration of the Approval Period, and, in such event, neither party shall have any further obligation hereunder except for the Surviving Obligations. In either of such events terminating this Agreement, promptly following written request from Purchaser to the Title Company, the Title Company shall return all of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money to Purchaser, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be provided by Seller, and neither party shall have any further obligations hereunder except for the Surviving Obligations.", "samples": [{"hash": "bUW3i3qvoZI", "uri": "/contracts/bUW3i3qvoZI#approval-period", "label": "Purchase and Sale Agreement", "score": 29.340862423, "published": true}, {"hash": "81idroBVvM4", "uri": "/contracts/81idroBVvM4#approval-period", "label": "Purchase and Sale Agreement (Strategic Storage Growth Trust, Inc.)", "score": 27.1108829569, "published": true}], "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [0, 17]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [18, 50]}, {"key": "central-time", "type": "definition", "offset": [77, 89]}, {"key": "following-the", "type": "definition", "offset": [146, 159]}, {"key": "due-diligence-receipt-date", "type": "definition", "offset": [160, 186]}, {"key": "plans-and-specifications", "type": "clause", "offset": [231, 255]}, {"key": "conditions-precedent-to-purchaser", "type": "definition", "offset": [333, 366]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [369, 401]}, {"key": "sole-discretion", "type": "clause", "offset": [450, 465]}, {"key": "for-purchaser", "type": "clause", "offset": [496, 509]}, {"key": "intended-use", "type": "clause", "offset": [512, 524]}, {"key": "due-diligence-items", "type": "clause", "offset": [611, 630]}, {"key": "including-without-limitation", "type": "clause", "offset": [632, 660]}, {"key": "construction-documents", "type": "definition", "offset": [717, 739]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [787, 811]}, {"key": "notice-of", "type": "clause", "offset": [834, 843]}, {"key": "at-any-time", "type": "clause", "offset": [871, 882]}, {"key": "prior-to-the", "type": "clause", "offset": [883, 895]}, {"key": "the-approval", "type": "clause", "offset": [910, 922]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [950, 978]}, {"key": "purchase-of-the-property", "type": "clause", "offset": [1020, 1044]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1045, 1064]}, {"key": "date-of", "type": "clause", "offset": [1121, 1128]}, {"key": "neither-party-shall", "type": "clause", "offset": [1146, 1165]}, {"key": "surviving-obligations", "type": "clause", "offset": [1219, 1240]}, {"key": "purchaser-will", "type": "clause", "offset": [1397, 1411]}, {"key": "notice-thereof", "type": "clause", "offset": [1425, 1439]}, {"key": "closing-notice", "type": "definition", "offset": [1446, 1460]}, {"key": "in-the-event", "type": "clause", "offset": [1522, 1534]}, {"key": "the-closing", "type": "definition", "offset": [1571, 1582]}, {"key": "section-411", "type": "clause", "offset": [1670, 1683]}, {"key": "the-parties-will", "type": "clause", "offset": [1689, 1705]}, {"key": "subject-to", "type": "definition", "offset": [1726, 1736]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [1747, 1785]}, {"key": "notice-to-seller", "type": "clause", "offset": [1947, 1963]}, {"key": "terminating-this-agreement", "type": "clause", "offset": [2200, 2226]}, {"key": "promptly-following", "type": "clause", "offset": [2228, 2246]}, {"key": "written-request", "type": "definition", "offset": [2247, 2262]}, {"key": "title-company", "type": "clause", "offset": [2285, 2298]}, {"key": "the-\u2587", "type": "clause", "offset": [2338, 2343]}, {"key": "of-seller", "type": "clause", "offset": [2401, 2410]}, {"key": "contrary-instructions", "type": "definition", "offset": [2450, 2471]}, {"key": "by-seller", "type": "clause", "offset": [2496, 2505]}, {"key": "further-obligations", "type": "clause", "offset": [2540, 2559]}], "hash": "31645d58a2354e18ea5b3a5034701488", "id": 1}, {"size": 3, "snippet": "Purchaser shall obtain all necessary or required Subdivision Approvals for the Property and all permits from governmental authorities having jurisdiction, including, but not limited to, all planning and zoning permits, variances and other regulatory approvals for Purchaser\u2019s development and use of the Property (the \u201cApprovals\u201d), during the Approval Period. The \u201cApproval Period\u201d shall consist of the Initial Approval Period and, if applicable, the Extended Approval Period (each as defined herein). The \u201cInitial Approval Period\u201d shall be the period commencing on the first day after the expiration of the Inspection Period, and ending on the date that is five hundred and forty (540) days after the expiration of the Inspection Period. In pursuing the Approvals, in no event shall Purchaser cause (by requesting a parking variance or otherwise) the number of parking spaces on the HD Property to be less than the sum of (A) the minimum number of parking spaces on the HD Property under applicable governmental rules, regulations and ordinances (without variance), plus (B) twenty-five (25) parking spaces. Notwithstanding the foregoing, prior to making any submittals to any governmental authorities, Purchaser shall deliver to Seller a copy of the proposed submittal and any other documents required by Seller for Seller\u2019s review and prior written approval, as more particularly provided in Section 8 below. Purchaser shall pursue the Approvals in good faith and with all due diligence. To that end, subject to the provisions of Section 8 below, Purchaser shall make all necessary applications and submittals to all applicable governmental authorities in sufficient time to obtain all Approvals within the Initial Approval Period. At the expiration of the Initial Approval Period, regardless of any extensions that may be exercised or granted hereunder, the Deposits shall be nonrefundable to Purchaser, except upon a termination of this Agreement due to a default by Seller or as otherwise specifically provided herein. In the event Purchaser has made diligent efforts but is unable to obtain the Approvals prior to the end of the Initial Approval Period, Purchaser shall have the right, at Purchaser\u2019s election, to extend the Initial Approval Period (the \u201cExtended Approval Period\u201d) for three (3) successive periods of thirty (30) days each (each, an \u201cExtension Option\u201d). If Purchaser elects to exercise an Extension Option as provided herein, Purchaser shall notify Seller of such election in writing prior to the end of the Initial Approval Period or the then current Extended Approval Period, as the case may be, and shall in each instance simultaneously deliver to Seller\u2019s Solicitors, as an additional deposit, the sum of ten thousand dollars ($10,000.00) (collectively, the \u201cExtension Deposits\u201d, and each individually, an \u201cExtension Deposit\u201d). The Extension Deposits shall be credited against the Purchase Price, if Closing occurs, but upon deposit shall be nonrefundable to Purchaser, unless this Agreement is terminated due to a default by Seller and may be released to Seller at any time upon Seller\u2019s request. Further, from and after the expiration of the Initial Approval Period, the Deposits may be released to Seller at any time, upon Seller\u2019s written request to Seller\u2019s Solicitors. If Purchaser is unable to obtain the Approvals prior to the end of the Approval Period, Purchaser shall either (i) terminate this Agreement by giving written notice to Seller on or before the end of the Approval Period, whereupon (x) if such termination occurs prior to the expiration of the Initial Approval Period, the Initial Deposit shall be paid to Seller and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), or (y) if such termination occurs after the expiration of the Initial Approval Period, all Deposits, including any Extension Deposit, shall be paid to or retained by Seller, as the case may be, and Purchaser shall pay Seller the Review Fee, or (ii) unless Purchaser has failed to obtain the Subdivision Approvals or any necessary HD Property Approvals as provided in Section 8(d) below (in which case the provisions of such Section 8(d) shall apply in respect of the termination of this Agreement), consummate the purchase of the Property as set forth herein. Upon a termination of this Agreement pursuant to this Section 7(c), Purchaser shall deliver to Seller the Confidential Information and this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein.", "samples": [{"hash": "hWFeRhidD8p", "uri": "/contracts/hWFeRhidD8p#approval-period", "label": "Purchase and Sale Agreement (Strategic Storage Trust VI, Inc.)", "score": 32.5893223819, "published": true}, {"hash": "3aI3QWWR3hS", "uri": "/contracts/3aI3QWWR3hS#approval-period", "label": "Purchase and Sale Agreement (Strategic Storage Trust VI, Inc.)", "score": 32.4031485284, "published": true}], "snippet_links": [{"key": "subdivision-approvals", "type": "clause", "offset": [49, 70]}, {"key": "authorities-having-jurisdiction", "type": "definition", "offset": [122, 153]}, {"key": "not-limited", "type": "clause", "offset": [170, 181]}, {"key": "planning-and-zoning", "type": "clause", "offset": [190, 209]}, {"key": "other-regulatory-approvals", "type": "definition", "offset": [233, 259]}, {"key": "for-purchaser", "type": "clause", "offset": [260, 273]}, {"key": "development-and-use-of-the-property", "type": "clause", "offset": [276, 311]}, {"key": "the-approval", "type": "clause", "offset": [338, 350]}, {"key": "consist-of", "type": "clause", "offset": [387, 397]}, {"key": "initial-approval", "type": "clause", "offset": [402, 418]}, {"key": "if-applicable", "type": "clause", "offset": [431, 444]}, {"key": "the-period", "type": "clause", "offset": [540, 550]}, {"key": "commencing-on-the", "type": "clause", "offset": [551, 568]}, {"key": "first-day", "type": "definition", "offset": [569, 578]}, {"key": "inspection-period", "type": "definition", "offset": [607, 624]}, {"key": "days-after", "type": "definition", "offset": [686, 696]}, {"key": "in-no-event-shall", "type": "clause", "offset": [765, 782]}, {"key": "purchaser-cause", "type": "definition", "offset": [783, 798]}, {"key": "number-of-parking-spaces", "type": "definition", "offset": [851, 875]}, {"key": "hd-property", "type": "definition", "offset": [883, 894]}, {"key": "sum-of", "type": "clause", "offset": [915, 921]}, {"key": "minimum-number", "type": "clause", "offset": [930, 944]}, {"key": "governmental-rules", "type": "definition", "offset": [999, 1017]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1108, 1137]}, {"key": "deliver-to-seller", "type": "clause", "offset": [1219, 1236]}, {"key": "the-proposed", "type": "clause", "offset": [1247, 1259]}, {"key": "required-by", "type": "definition", "offset": [1294, 1305]}, {"key": "for-seller", "type": "clause", "offset": [1313, 1323]}, {"key": "prior-written-approval", "type": "definition", "offset": [1337, 1359]}, {"key": "section-8", "type": "clause", "offset": [1394, 1403]}, {"key": "in-good-faith", "type": "definition", "offset": [1448, 1461]}, {"key": "due-diligence", "type": "clause", "offset": [1475, 1488]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1514, 1539]}, {"key": "applications-and-submittals", "type": "clause", "offset": [1584, 1611]}, {"key": "applicable-governmental-authorities", "type": "definition", "offset": [1619, 1654]}, {"key": "sufficient-time", "type": "definition", "offset": [1658, 1673]}, {"key": "all-approvals", "type": "clause", "offset": [1684, 1697]}, {"key": "regardless-of-any", "type": "clause", "offset": [1784, 1801]}, {"key": "to-purchaser", "type": "definition", "offset": [1893, 1905]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [1921, 1950]}, {"key": "default-by-seller", "type": "clause", "offset": [1960, 1977]}, {"key": "in-the-event", "type": "clause", "offset": [2024, 2036]}, {"key": "diligent-efforts", "type": "definition", "offset": [2056, 2072]}, {"key": "prior-to-the", "type": "clause", "offset": [2111, 2123]}, {"key": "the-right", "type": "clause", "offset": 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