Engineering Inspection Sample Clauses

Engineering Inspection. The Company shall provide competent and adequate resident inspection of all Project construction, under the direction of a professional engineer licensed in the State. The Company shall direct such engineer to inspect work necessary for the construction of the Project and to determine whether such work has been performed in accordance with the approved plans and specifications. Any work not in accordance with approved plans and specifications shall be remedied, unless such noncompliance is waived by DHHS and the Bank.

Engineering Inspection. It is agreed that within ten (10) days prior to the Closing Date, Buyer's engineer may inspect the property transferred to insure that the equipment complies with all warranties and conditions set forth herein. Seller agrees to extend full cooperation to said engineer, including such access to the equipment and to logs pertaining thereto at such time or times as said engineer shall reasonably request. If Buyer's engineer reports that the equipment fails to comply with said warranties, and Seller disputes the report, Buyer and Seller shall jointly hire and pay a consulting engineer to give a report on the disputed item(s). The consulting engineer's report shall be final, and Seller shall repair any equipment that the consulting engineer reports does not meet the warranty set forth in Subsection 4.2(b) prior to the Closing; provided, however, Seller's obligation to repair shall not exceed Fifteen Thousand Dollars ($15,000). If the repairs required exceed such amount and Seller refuses to make such repairs in excess of the cap, Buyer may, at its sole option, either proceed with this Agreement or terminate this Agreement and have the Escrow Amount returned to it.

Engineering Inspection. It is agreed that within ten (10) days prior to the Closing Date, Buyer's engineer may inspect the Assets to insure that its equipment complies with all warranties and conditions set forth herein. Seller agrees to extend full cooperation to said engineer, including such access to the equipment and to logs pertaining thereto at such time or times as said engineer shall reasonably request. Buyer shall furnish Seller with a copy of the report of any inspection prior to the Closing Date. If Buyer's engineer reports that the equipment fails to materially comply with said warranties, Buyer may either: (1) Elect to consummate the purchase of the Assets in which case Seller shall bear the cost of equipment repair in an amount not to exceed $50,000, and such amount shall be deducted from the Purchase Price; or (2) Elect to consummate the purchase of the Assets exclusive of the equipment which fails to materially comply with warranties, in which case the Purchase Price shall be reduced by the fair market value of such equipment.

Engineering Inspection. The ENGINEER will perform Engineering Inspection services as described in the attached IDOT BLR Form 05520. The CLIENT will be responsible for the following PROJECT related work: Determine location and type of maintenance needed for the program (i.e. list of streets to be oiled and chipped, etc.).

Engineering Inspection. It is agreed that within ten (10) days prior to the Closing Date, provided the Station is on-the air as of that date, Purchaser's engineer may inspect the Assets to insure that its equipment complies with all warranties and conditions set forth herein. Sellers agree to extend full cooperation to said engineer, including such access to the equipment and to logs pertaining thereto at such time or times as said engineer shall reasonably request. If Purchaser's engineer reports that the equipment fails to comply with said warranties, and Sellers dispute the report, Purchaser and Sellers shall jointly hire and pay a consulting engineer to give a report on the disputed item(s). The consulting engineer's report shall be final, and Sellers shall repair any equipment that the consulting engineer reports does not meet the warranty set forth in Subsection 4.2(b) prior to the Closing; provided, however, Sellers' obligation to repair shall not exceed Fifteen Thousand Dollars ($15,000). If the repairs required exceed such cap and Sellers refuse to make such repairs in excess of the cap, Purchaser may, at its sole option, either proceed with this Agreement or terminate this Agreement and have the Exercise Payment returned to it.

Engineering Inspection. The Buyer, at his expense, shall have the right to have the property inspected by a qualified inspector for the purpose of determining structural defects. If defects are found, Buyer may terminate this Agreement by delivering to Seller a copy of the written inspection report, together with a notice to Seller in writing that ▇▇▇▇▇ has elected to terminate the Agreement or Seller and ▇▇▇▇▇ may agree upon a course of remediation. If ▇▇▇▇▇ fails to deliver the written inspection report and the written notice of termination within the above period, ▇▇▇▇▇ waives his rights under this Paragraph.

Engineering Inspection. It is agreed that, not less than ten ---------------------- (10) days prior to the Closing Date, Buyer's engineer may inspect the Assets to insure that its equipment complies with all warranties and conditions set forth herein. Seller agrees to extend full cooperation to said engineer, including such access to the equipment and to logs pertaining thereto at such time or times as said engineer shall reasonably request. Buyer shall furnish Seller with a copy of the report of any inspection prior to the Closing Date. If Buyer's engineer reports that the equipment fails to materially comply with said warranties, Buyer may either: (1) Elect to consummate the purchase of the Assets in which case Seller shall bear the cost of equipment repair in excess of $10,000 in an amount not to exceed $50,000 and such amount shall be deducted from the Purchase Price; or (2) Elect to consummate the purchase of the Assets exclusive of the equipment which fails to materially comply with warranties, in which case the Purchase Price shall be reduced by the fair market value of such equipment.

Engineering Inspection. It is agreed that within thirty (30) days prior to the Closing Date, Buyers' engineer may reinspect the tangible personal property to insure that its equipment complies with all warranties and conditions set forth herein. Seller agrees to extend full cooperation to said engineer, including such access to the equipment and to logs pertaining thereto at such time or times as said engineer shall reasonably request. Buyers shall furnish Seller with a copy of the report of any inspection prior to the Closing Date. If Buyers' engineer reports that the equipment fails to comply with said warranties, Buyers may either: (a) elect to consummate the purchase of the Stations Assets, in which case Seller shall bear the cost of equipment repair in an amount not to exceed $90,000 and such amount shall be deducted from the Purchase Price; or (b) elect to consummate the purchase of the Stations Assets exclusively of the equipment which fails to materially comply with said warranties, in which case the Purchase Price shall be reduced by the fair market value of such equipment excluded.