Due Diligence Inspection and Feasibility. Buyer’s purchase of the Property is expressly contingent upon Buyer’s review and approval, in Buyer’s sole and absolute discretion, that the Property is suitable for Buyer’s intended use, including geotechnical analyses and environmental inspection and assessment pursuant to Section 5.1.1 below (“Due Diligence Contingency”). If Buyer is not satisfied with the condition of the Property, its inspection and testing pursuant to Section 5.1.1. below, Buyer may terminate this Agreement by delivering written notice of termination to Seller within three hundred and thirty (330) days after the Effective Date (“Due Diligence Period”). In such event this Agreement shall terminate, and the Parties shall have no further obligations hereunder. Absent Buyer’s timely delivery of such termination notice, the Due Diligence Contingency shall be deemed waived by Buyer and the Parties shall proceed to Closing, subject to all terms and conditions of this Agreement.
Due Diligence Inspection and Feasibility. Buyer shall satisfy itself by investigation and inspection at its cost and expense in its sole and absolute discretion that the condition of the Property for Buyer’s contemplated use meets with its approval. If Buyer approves of the condition of the Property, Buyer agrees to notify Seller, in writing, thereby removing the contingency. Buyer shall make such determination within ( ) days following the date of mutual execution of this Agreement (“Due Diligence Period”). In the event this contingency is not satisfied or waived within the Due Diligence Period, Buyer may terminate this Agreement upon written notice to Seller on or before the expiration of the Due Diligence Period, and neither party shall have any further rights or obligations to the other hereunder.
Due Diligence Inspection and Feasibility. Buyer shall satisfy itself by investigation and inspection, at its cost and expense in its sole and absolute discretion, that the condition of the Property for Xxxxx’s contemplated use meets with its approval (“Due Diligence Contingency”). If Xxxxx is not satisfied with the condition of the Property, Buyer may terminate this Agreement by delivering written notice of termination to Seller within sixty (60) days of the Effective Date (“Due Diligence Period”). In such event this Agreement shall terminate, the Deposit shall be returned to Buyer and the Parties shall have no further obligations hereunder. If Buyer fails to give such notice to terminate within the Due Diligence Period or affirmatively gives notice that this Due Diligence Contingency is satisfied or waived within the Due Diligence Period, Buyer shall be obligated hereunder without further contingency and the Deposit shall be nonrefundable to Buyer except in the event of a default hereunder by Seller, or as otherwise contemplated in this Agreement. Seller and Xxxxx may agree in writing to extend the Due Diligence Period. Notwithstanding anything to the contrary contained in this Agreement, amendments to this Agreement to extend the Due Diligence Period may be agreed in writing or email by each party or each party’s respective attorney, and any notice to terminate this Agreement prior to the expiration of the Due Diligence Period may be given, by Xxxxx as provided in this Agreement or by Buyer or Xxxxx’s attorney by fax or by email to Seller and/or Seller’s attorney.
Due Diligence Inspection and Feasibility. Buyer shall satisfy itself by investigation and inspection, at its cost and expense in its sole and absolute discretion, that the condition of the Property for Buyer’s contemplated use meets with its approval. If Buyer approves of the condition of the Property, Buyer agrees to notify Seller, in writing, thereby removing the contingency. Buyer shall make such determination within ( ) days following the date of mutual execution of this Agreement (“Due Diligence Period”). ; provided, however, that Buyer may, as provided for in Section 5.1.3 of this Agreement and at its sole and absolute discretion, waive its right to conduct further due diligence and feasibility investigation and inspection, thereby removing this contingency concurrent with the date of mutual execution of this Agreement.. In the event this contingency is not satisfied or waived within the Due Diligence Period, Buyer may terminate this Agreement upon written notice to Seller on or before the expiration of the Due Diligence Period, and neither Party shall have any further rights or obligations to the other hereunder.
Due Diligence Inspection and Feasibility. Donee shall satisfy itself by investigation and inspection, at its cost and expense in its sole and absolute discretion, that the condition of the Property for Xxxxx’s contemplated use meets with its approval (“Due Diligence Contingency”). If Xxxxx is not satisfied with the condition of the Property, Donee may terminate this Agreement by delivering written notice of termination to Donor within sixty (60) days of the Effective Date (“Due Diligence Period”). This contingency includes but is not limited to the following scenario: if the City of Shoreline indicates, whether in writing or verbally, to the King County Department of Community and Health Services that a behavioral health facility as defined in Section 2.1 is not allowed, cannot meet conditional use permit requirements, or the City of Shoreline will not permit such facility, then this Agreement will terminate upon Donee’s written notice to Donor.
