Due Diligence Determinations Sample Clauses
The Due Diligence Determinations clause establishes the process and standards by which a party evaluates the accuracy and completeness of information provided during a transaction or agreement. Typically, this clause outlines the scope of investigation permitted, the timeframe for conducting due diligence, and the consequences if material issues are discovered, such as the right to renegotiate terms or terminate the agreement. Its core function is to protect parties by ensuring they have the opportunity to verify key facts and assess risks before finalizing a commitment, thereby reducing the likelihood of disputes or unforeseen liabilities.
Due Diligence Determinations. Contractor has utilized all the available Due Diligence information to verify that the contingencies are adequate and that the Project can be constructed without exceeding the GMP:
Due Diligence Determinations. Buyer shall have forty-five (45) days from the Effective Date within which to conduct its due diligence. Thereafter, Buyer shall have fifteen (15) Business Days within which to terminate this Agreement in its sole discretion by delivering notice of its termination as provided in Section 11.02; otherwise, Buyer and Seller shall proceed to Closing as set forth in Article IX. Upon a termination of this Agreement under Section 3.02, Seller and Buyer shall have no liability and no further obligation to each other under this Agreement.
Due Diligence Determinations. (A) Based upon the results of the due diligence investigations conducted pursuant to Sections 3.02, 3.03, and 3.04 of this Agreement, the Buyers have waived any defects that were revealed or should have been revealed through the due diligence investigations.
(B) Except as otherwise specified herein, no payment shall be due from Florida Water and no reductions in the Purchase Price will be made for deficiencies of the Purchased Assets. Except as otherwise specified herein, Florida Water shall have no obligations or liabilities to the Buyers with respect to the condition of the Purchased Assets after Closing.
Due Diligence Determinations. (A) As of the Signature Date, Buyer has not completed its due diligence but intends to undertake its own due diligence and investigation during the Due Diligence Period.
(B) Except as otherwise specified in this Agreement, no payment shall be due from Seller and no reduction in the Purchase Price shall be made for deficiencies in the Purchased Assets or Utility System. Except as otherwise provided in this Agreement, Seller shall have no obligation or liability to Buyer with respect to the condition of the Purchased Assets or Utility System. In the event any of the contingencies to Closing set forth in Article V are not or cannot be satisfied or met, Buyer may, at any time during the Due Diligence Period, terminate this Agreement and any payment or performance obligations of Buyer hereunder, and thereafter notify SC DHEC and SC PSC that Buyer will not be Closing on the Purchased Assets in accordance herewith.