Common use of Delayed Occupancy Clause in Contracts

Delayed Occupancy. The Seller shall not be liable to the Buyer for any damages or costs incurred as a result of a delay in occupancy of the Property for up to 90 days from the date of Seller’s Closing on the Property, so long as such delay was not the direct result of any intentional act or inaction of the Seller. During such delay, the Buyer shall not be responsible for the payment of any additional Monthly Payments, but payments shall promptly resume when the delay has been cleared and the Buyer informed of its ability to occupy the Property. Should occupancy of the Property be delayed for 91 days or longer, the Buyer may opt to terminate this Contract by delivering written notice to Seller, but Seller shall not be liable to the Buyer for any refunds, damages, or other expenses associated with the delay or this Contract.

Delayed Occupancy. The Seller Lessor shall not be liable to the Buyer Lessee for any damages or costs incurred as a result of a delay in occupancy of the Property for up to 90 days from the date of SellerLessor’s Closing on the Property, so long as such delay was not the direct result of any intentional act or inaction of the SellerLessor. During such delay, the Buyer Lessee shall not be responsible for the payment of any additional Monthly Payments, but payments shall promptly resume when the delay has been cleared and the Buyer Lessee informed of its ability to occupy the Property. Should occupancy of the Property be delayed for 91 days or longer, the Buyer Lessee may opt to terminate this Contract Lease by delivering written notice to SellerLessor, but Seller Lessor shall not be liable to the Buyer Lessee for any refunds, damages, or other expenses associated with the delay or this Contract.Lease. SAMPLE