Feasibility Sample Clauses
A Feasibility clause defines the requirement for assessing whether a proposed project, plan, or action can be successfully carried out under the given circumstances. Typically, this clause obligates one or both parties to conduct studies, gather data, or perform analyses to determine if the objectives are achievable within the available resources, timeframes, and regulatory constraints. Its core practical function is to ensure that commitments are only made when there is a reasonable basis for believing the project or action is viable, thereby reducing the risk of failure or unforeseen complications.
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Feasibility. (a) During the fifteen (15) business day period following the latest of the dates on which Purchaser and Seller have both executed this Agreement (the "Feasibility Period"), Purchaser, its agents, employees and contractors shall have the right to enter the Property for the purpose of inspecting improvements, making surveys, updating the due diligence materials previously delivered to Purchaser pursuant to 6(b) below, and performing other tests, studies and examinations as Purchaser, in its sole discretion, desires and to confirm the availability of financing, on terms and conditions acceptable to Purchaser. If Purchaser is not satisfied, in its sole discretion, with all aspects of the Property and the results of all tests and studies, and the availability of the specified financing, Purchaser shall have the right, upon written notice to Seller given prior to expiration of the Feasibility Period, to terminate this Agreement, in which event the Deposit shall be returned to Purchaser.
(b) Purchaser acknowledges that Seller has delivered to Purchaser the materials listed on Exhibit B, and that all matters disclosed by such deliveries are acceptable to Purchaser and shall not be the basis for any objection hereunder. The matters of title and survey reflected in the materials already delivered to Purchaser are "Permitted Exceptions" deemed acceptable to Purchaser. Seller shall promptly deliver to Purchaser such other due diligence materials in Seller's possession as Purchaser may specifically identify in writing, excluding any materials of a proprietary nature, not relating to the condition or performance of the Property or the Tenant. All due diligence updates shall be at Purchaser's sole expense.
(c) If notice of termination is not given prior to expiration of the Feasibility Period, all such matters shall be deemed acceptable and all such conditions satisfied and/or waived.
(d) Purchaser agrees to repair any damage caused directly by exercise of the right of access granted to Purchaser in this paragraph, and to indemnify and hold the Seller harmless from any and all losses actually incurred as a direct result of the exercise of such right of access, other than as a result of the Seller's negligence or willful misconduct. Seller will cooperate and assist Purchaser's access to the buildings.
Feasibility. The proposed work should be temporary in nature, tech- nically feasible, designed to deal effec- tively and efficiently with the specific threat, and capable of construction in time to prevent anticipated damages.
Feasibility. Buyer's sole determination that its proposed site plan, building plan, parking plan and access plan for the Property are acceptable; that utilities are available of adequate capacity to serve the Property; and that the Property is otherwise feasible for Buyer's intended use.
Feasibility. Prior to the Commencement Date of this Lease, Lessee shall have access to the Leased Premises with no less than 1 business days prior notice to Lessor and at such times as Lessor agrees for the purposes of undertaking necessary tests, studies, and inspections relating to Lessee’s proposed use of the Leased Premises. In the event such tests studies, and inspections indicate that Lessee is unable to utilize the Leased Premises for the purpose stated herein, then Lessee may terminate this Lease by giving Lessor ten (10) days’ prior notice of termination, in which case Lessee shall restore the Leased Premises and any other portions of the Site that have been damaged, modified or altered by or on behalf of Lessee to their original condition.
Feasibility. Each of the Project Budget, the Project Schedule and the Disbursement Schedule is realistic and feasible.
Feasibility. Each of the Construction Schedule and the Disbursement Schedule is accurate.
Feasibility. Buyer shall have approved the Feasibility Condition.
Feasibility. The County may require the Grantee to demonstrate that it has the necessary facilities, ability, and financial resources to comply with the Agreement and furnish the service, material or goods specified herein a satisfactory manner at any time during the term of this Agreement.
Feasibility. The Upper Division States, through the Commission, must investigate the feasibility of developing and implementing a Demand Management Program within the Upper Colorado River Basin, and reach consensus on, among other things:
a. Verification of and accounting for the actual volume of conserved Consumptive Use;
b. Conveyance of the conserved Consumptive Use to appropriate destinations, and accounting for associated conveyance losses;
c. Providing for storage at and release from the CRSPA Initial Units of any conserved Consumptive Use;
d. Administration of a Demand Management Program;
e. Funding of a Demand Management Program; and
f. Compliance with federal and state laws within each Upper Division State.
Feasibility. Each of the Construction Schedule and the Disbursement Schedule is realistic and feasible, and is accurate to date.